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Manba Finance Ltd. IPO
Manba Finance Ltd., established in 1996, operates in the Non-Banking Financial Company (NBFC) sector. The company's IPO opened on September 23, 2024 and closed on September 25, 2024, with an issue ... Read more
IPO Timeline
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23 Sep 2024Bidding Starts
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25 Sep 2024Bidding Ends
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26 Sep 2024Allotment Finalization
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30 Sep 2024Listing
About Manba Finance Ltd.
We are a Non-Banking Financial Company – Base Layer (NBFC-BL) regulated by the Reserve Bank of India (RBI) providing financial solutions for New two-wheeler (2Ws), three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal ... Read more
Manba Finance Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 37,71,000 (30%) |
| Non Institutional Investors | 18,85,500 (15%) |
| Qualified Institutional Buyers (QIBs) | 25,14,000 (20%) |
| Retail Individual Investors (RIIs) | 43,99,500 (35%) |
Manba Finance Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 191.63 Cr | 31.18 Cr | 162.94 Cr |
| 31 Mar 2023 | 133.85 Cr | 15.21 Cr | 154.23 Cr |
Manba Finance Ltd. Background
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1998Received certificate of registration from RBI for registration of our Company as a NBFC.
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2009Scaled up our operations in vehicle financing.
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2013AUM of our Company crossed ₹5,000 lakhs.
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2014AUM of our Company crossed ₹10,000 lakhs.
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2018Expansion of our operations to Pune.
AUM of our Company crossed ₹25,000 lakhs.
Expansion of our operations to Nashik and Satara in the state of Maharashtra and to Ahmedabad in the state of Gujarat.
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2020AUM of our Company crossed ₹50,000 lakhs.
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2021Listing of first tranche of non-convertible debentures on the BSE.
Opened branch in Jaipur in the state of Rajasthan.
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2022Expansion of our operations to Nagpur, Vidarbha region in the state of Maharashtra and to Raipur in the state of Chhattisgarh.
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2023Employee strength of our Company crossed 1,000 employees.
Entered into a co-lending arrangement with Muthoot Capital Services Limited.
AUM of our Company crossed ₹80,000 lakhs as on December 31, 2023.
Expanded the network to more than 850 dealers, including more than 60 EV dealers.
30,000 customers onboarded during the months of September, October and November with ₹25,000 lakhs disbursement amount.
Expanded operations to the state of Madhya Pradesh by opening a branch in Indore.
Launched new products such as Small Business Loans, Used Car Loans and Personal Loans.
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2024AUM of our Company cross ₹90,000 lakhs
Expanded operations to the state of Uttar Pradesh by opening a branch in Lucknow.
1. Augmenting our capital base to meet our future capital requirements
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 120.00 | ₹ 120.00 |
| Open | ₹ 150.00 | ₹ 145.00 |
| Low | ₹ 144.00 | ₹ 144.00 |
| High | ₹ 157.45 | ₹ 152.25 |
| Last Trade | ₹ 157.45 | ₹ 152.25 |
1. Manish Kiritkumar Shah
2. Nikita Manish Shah
3. Monil Manish Shah
4. Manba Investments and Securities Private Limited
5. Avalon Advisory and Consultant Services Private Limited
6. Manba Fincorp Private Limited
7. Manba Infotech LLP
8. Manish Kiritkumar Shah (HUF)
CRISIL MI&A expects domestic two-wheeler sales to record a compound annual growth rate (CAGR) of 8-10% from fiscal 2024 to fiscal 2027 post a robust recovery in fiscal 2023 and fiscal 2024. Scooters are expected to witness higher penetration in the rural market (scooters have an urban market ... Read more
Phone no:62346598
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Latest Updates
Manba Finance is conducting an Initial Public Offering (IPO) to raise Rs 150.84 crore. The IPO consists only of a new issue of 1.26 crore shares. Bidding for the IPO began on September 23rd, 2024, and will end on September 25th, 2024. The allotment is likely to be finalized on September 26, with the shares tentatively planned to debut on the BSE and the National Stock Exchange (NSE) on September 30, 2024. Manba Finance is offering 1,25,70,000 shares in its IPO. Of these, 20% are allocated to QIBs, 15% to NIIs, 35% to RIIs, and 30% to Anchor Investors. This allocation ensures a diverse investor base for the IPO.
The IPO for Manba Finance has set a price range of Rs. 114 to Rs. 120 per share. Retail investors can participate by investing a minimum of Rs. 15,000, which will purchase 125 shares. Qualified institutional buyers (QIBs) must invest at least Rs. 2.1 lacs to acquire 1,750 shares. Non-institutional investors (NIIs) are required to invest Rs. 10 Lacs to purchase 8,375 shares.
Manba Finance Limited, founded in 1998, is a NBFC specializing in providing financial solutions for a variety of vehicles and personal needs. The company offers loans for new and used two-wheelers, three-wheelers, electric vehicles (EVs), small businesses, and personal purposes.
Its corporate promoters include Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Manba Infotech LLP, and Manish Kiritkumar Shah (HUF).
24 September 2024
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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