The Manba Finance IPO is set to open on September 23, 2024, and will close on September 25, 2024. This Book Built Issue aims to raise approximately ₹150.84 crores, consisting of a fresh issue of ₹150.84 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Manba Finance IPO is set between ₹114 and ₹120 per share. The allocation is 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the BSE and NSE on September 30, 2024, with allotment scheduled for September 26, 2024.
In terms of financial performance, the company reported revenue of ₹191.63 crores in 2024, up from ₹133.32 crores in 2023. It also posted a profit of ₹31.42 crores in 2024, compared to ₹16.58 crores in 2023. Based on these financial results, the IPO may be a good long-term investment opportunity for investors.
Manba Finance IPO Details
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹114 to ₹120 Per Share |
| Issue Size: | Approx ₹150.84 Crores |
| Fresh Issue: | Approx ₹150.84 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Manba Finance IPO Market Lot:
The minimum market lot for the Manba Finance IPO is 125 shares, requiring an application amount of ₹15,000. Retail investors can apply for up to 13 lots, totaling 1,625 shares, with a maximum application amount of ₹195,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 125 | ₹ 15,000 |
| Retail Maximum | 13 | 1625 | ₹ 1,95,000 |
| S-HNI Minimum | 14 | 1,750 | ₹ 2,10,000 |
| B-HNI Minimum | 67 | 8,375 | ₹ 10,05,000 |
Manba Finance IPO Dates:
The Manba Finance IPO will open on September 23, 2024, and close on September 25, 2024. Allotment for the IPO will be finalized on September 26, 2024, with the listing scheduled for September 30, 2024.
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25, 2024 |
| Basis of Allotment: | September 26, 2024 |
| Refunds: | September 27, 2024 |
| Credit to Demat Account: | September 27, 2024 |
| IPO Listing Date: | September 30, 2024 |
Promoters of Manba Finance IPO:
The promoters of Manba Finance 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).
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About Manba Finance IPO:
Manba Finance Limited is a Non-Banking Financial Company – Base Layer (NBFC-BL) that offers financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans. As of March 31, 2024, the company manages assets worth over ₹90,000 lakhs. Based in Maharashtra, Manba Finance operates across 66 locations and 29 branches in six states in western, central, and north India. The company has a robust portfolio, partnering with over 1,100 dealers, including more than 190 EV dealers, in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Recently, they have expanded their offerings to include used car loans, small business loans, and personal loans, providing customized loan schemes for salaried and self-employed individuals.
Manba Finance IPO Financial Report:
In 2024, the company reported revenue of ₹191.63 crores, up from ₹133.32 crores in 2023. The profit for 2024 was ₹31.42 crores, compared to ₹16.58 crores in 2023.
| Amt in Cr | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 106.62 | ₹ 93.96 | ₹ 9.74 | ₹ 561.46 |
| 2023 | ₹ 133.32 | ₹ 110.53 | ₹ 16.58 | ₹ 787.27 |
| 2024 | ₹ 191.63 | ₹ 152.74 | ₹ 31.42 | ₹ 973.75 |
Manba Finance IPO Valuation – FY2024:
Review the valuation details for the Manba Finance IPO, including metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV). These figures will provide insight into the company’s financial performance and investment potential.
| KPI | Values |
| ROE: | 15.66% |
| ROCE: | 19.39% |
| EBITDA Margin: | 65.38% |
| PAT Margin: | NA |
| Debt to equity ratio: | 3.75 |
| Earning Per Share (EPS): | ₹8.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.66% |
| Net Asset Value (NAV): | ₹ 53.26 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Baid Finserv Limited | 1.08 | 13.65 | 7.75 | 13.89 | 66.36 Cr. |
| Arman Financial Services Limited | 195 | 8.57 | 21.36 | 775.7 | 661.53 Cr. |
| MAS Financial Services Limited | 15.31 | 18.13 | 14.25 | 108.71 | 1285.68 Cr. |
Objects of the Issue:
The company intends to use the net proceeds to strengthen its capital base and support future capital requirements.
Manba Finance IPO Registrar:
- Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: manbafinanceipo@linkintime.co.in
- Website: Link Intime
IPO Lead Managers (Merchant Bankers):
Hem Securities Limited
Company Address:
- Manba Finance Limited
- 324, Runwal Heights Commercial Complex
- L.B.S Marg, Opp. Nirmal Lifestyle
- Mulund (West), Mumbai – 400 080
- Phone: +91 22 6234 6598
- Email: investorrelation@manbafinance.com
- Website: Manba Finance
Manba Finance IPO FAQs
What is the Manba Finance IPO?
The Manba Finance IPO is a main-board offering through which the company aims to raise ₹150.84 crores. The issue price is set between ₹114 and ₹120 per equity share. The IPO will be listed on both BSE and NSE.
When will the Manba Finance IPO open for subscription?
The IPO will open for subscription on September 23, 2024, and close on September 25, 2024.
What is the allocation for investors in the Manba Finance IPO?
The allocation is 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors.
How can I apply for the Manba Finance IPO?
You can apply for the IPO via ASBA online through your bank account or via UPI through your stockbroker. Offline applications can also be submitted through your stockbroker by filling out a physical form.
What is the issue size of the Manba Finance IPO?
The issue size of the IPO is ₹150.84 crores.
What is the price band for the Manba Finance IPO?
The price band for the IPO is ₹114 to ₹120 per share.
What is the lot size for the Manba Finance IPO?
The minimum bid is for 125 shares, requiring an investment amount of ₹15,000.