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Manba Finance IPO is a book build issue of ₹150.84 crores. The issue is entirely a fresh issue of 1.26 crore shares of ₹150.84 crore.
Manba Finance IPO bidding started from Sep 23, 2024 and ended on Sep 25, 2024. The allotment for Manba Finance IPO was finalized on Sep 26, 2024. The shares got listed on BSE, NSE on Sep 30, 2024.
Manba Finance IPO price band is set at ₹120.00 per share . The lot size for an application is 125. The minimum amount of investment required by an retail is ₹14,250 (125 shares). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹10,05,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Manba Finance IPO RHP for detailed Information.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | September 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,25,70,000 shares (aggregating up to ₹150.84 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,76,69,410 shares |
| Share Holding Post Issue | 5,02,39,410 shares |
Manba Finance IPO offers total 1,25,70,000 shares. Out of which 62,85,000 (50.00%) allocated to QIB, 25,14,000 (20.00%) allocated to QIB, 18,85,500 (15.00%) allocated to NII, 43,99,500 (35.00%) allocated to RII and 37,71,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 62,85,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 37,71,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,14,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 18,85,500 (15.00%) | NA |
| − bNII > ₹10L | 12,57,000 (10.00%) | 718 |
| − sNII < ₹10L | 6,28,500 (5.00%) | 359 |
| Retail Shares Offered | 43,99,500 (35.00%) | 35,196 |
| Total Shares Offered | 1,25,70,000 (100.00%) |
Manba Finance IPO raises ₹45.25 crore from anchor investors. Manba Finance IPO Anchor bid date is September 20, 2024. Manba Finance IPO Anchor Investors list
| Bid Date | September 20, 2024 |
| Shares Offered | 37,71,000 |
| Anchor Portion Size (In Cr.) | 45.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 25, 2024 |
Manba Finance IPO opens on September 23, 2024, and closes on September 25, 2024.
| IPO Open Date | Mon, Sep 23, 2024 |
| IPO Close Date | Wed, Sep 25, 2024 |
| Tentative Allotment | Thu, Sep 26, 2024 |
| Initiation of Refunds | Thu, Sep 26, 2024 |
| Credit of Shares to Demat | Fri, Sep 27, 2024 |
| Tentative Listing Date | Mon, Sep 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 25, 2024 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 1998, Manba Finance Limited is a non-banking finance company (NBFC-BL) offering 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.
The company's target customers are mainly (i) employees and (ii) the self-employed. The Company tailors its offerings to each of these customer categories and creates customized programs. The Company typically finances up to 85% of the purchase price (on-road price) of the vehicle the customer wishes to purchase and prefers the customer to contribute the balance.
The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural areas. The company has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance Limited's revenue increased by 44% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 973.75 | 787.25 | 561.46 |
| Total Income | 191.63 | 133.32 | 106.62 |
| Profit After Tax | 31.42 | 16.58 | 9.74 |
| Net Worth | 200.61 | 168.43 | 151.74 |
| Reserves and Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowing | 752.27 | 595.93 | 394.4 |
| Amount in ₹ Crore | |||
The market capitalization of Manba Finance IPO is ₹602.87 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.36% |
| ROCE | 19.39% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| Price to Book Value | 2.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
[Dilip Davda] The company is one of the leading financier for two and three wheeler and has expanded its services for used cars, personal loans, small business loans etc. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears fully priced. Investors may park funds for long term. Read detail review...
| Listing Date | September 30, 2024 |
| BSE Script Code | 544262 |
| NSE Symbol | MANBA |
| ISIN | INE939X01013 |
| Final Issue Price | ₹120 per share |
| NSE Listing Group | BE (Trade to Trade) |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹150.00 |
| Low | ₹144.00 |
| High | ₹157.45 |
| Last Trade | ₹157.45 |
Manba Finance Ltd.
324, Runwal Heights Commercial Complex,
L.B.S Marg, Opp. Nirmal Lifestyle,
Mulund (West), Mumbai - 400 080
Mulund, Maharashtra
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: http://www.manbafinance.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: manbafinanceipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Manba Finance IPO is a main-board IPO of 1,25,70,000 equity shares of the face value of ₹10 aggregating up to ₹150.84 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 125.
The IPO opens on September 23, 2024, and closes on September 25, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Manba Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Manba Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manba Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manba Finance IPO opens on September 23, 2024 and closes on September 25, 2024.
Manba Finance IPO lot size is 125, and the minimum amount required for application is ₹15,000.
You can apply in Manba Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Manba Finance IPO will be done on Thursday, September 26, 2024, and the allotted shares will be credited to your demat account by Friday, September 27, 2024. Check the Manba Finance IPO allotment status.
The Manba Finance IPO listing date is on Monday, September 30, 2024.
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