Manba Finance IPO Details
| IPO Size | 150.84 |
| Price Range | ₹114 - ₹120 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 125 |
| Investment (cut-off price) | ₹15,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Manba Finance IPO Timelines
23/09/2024
Start Date25/09/2024
End Date27/09/2024
Refund Initiation27/09/2024
Credit of Shares to Demat Ac30/09/2024
Listing DateManba Finance IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1625 | ₹195,000 |
| S-HNI Minimum | 14 | 1750 | ₹210,000 |
| B-HNI Minimum | 67 | 8375 | ₹1,005,000 |
Manba Finance IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 148.55x | 511.62x | 143.95x | -- | 224.05x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹145 | ₹152.25 | ₹152.25 | ₹144 |
Manba Finance IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹106.62 | ₹93.96 | ₹9.74 |
| FY 2023 | ₹133.32 | ₹110.53 | ₹16.58 |
| FY 2024 | ₹191.63 | ₹152.74 | ₹31.42 |
About Company
Manba Finance Limited is an NBFC specializing in vehicle financing and small loans. With an AUM exceeding ₹800 crore as of December 2023, they focus mainly on new vehicle loans, which make up 99% of their portfolio, with an average loan size of ₹0.80 lakh.
Operating from 65 locations across 28 branches in five states (Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh), they have strong ties with over 850 dealers, including 60+ electric vehicle dealers. Manba leads in two-wheeler loans, holding a 96% share of AUM in this segment.
Their centralised credit team and strong risk management framework ensure quick loan approvals and effective collections, supporting both salaried and self-employed individuals. With diversified funding and strong credit ratings, Manba Finance is positioned for continued stable growth.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1996 | Finance - NBFC | Manish Shah |
Know Before Investing
Manba Finance IPO Strengths
- Strong ties with over 850 dealers, including 60+ EV dealers, across multiple states enable quick access to customer funding needs and efficient loan processing.
- Strategic market expansion into new territories through dealer networks has driven growth and broadened the customer base.
- The underserved rural market, contributing 47% to GDP with only 8% of banking credit, offers significant growth potential for financing two-wheelers.
- Access to varied funding from public and private sector banks, small finance banks, and other institutions supports cost-effective borrowing and adequate capital for lending activities.
Manba Finance IPO Risks
- Dependence on dealer relationships for leads and referrals, particularly for new vehicle loans, could be compromised if dealers collaborate with competitors or experience dissatisfaction, impacting business expansion and operations.
- Transitioning to new loan products like used car loans and personal loans requires leveraging the existing branch network and adapting systems, processes, and employee skills; failure to manage this transition effectively may impede growth.
- Sustained growth relies on timely access to cost-effective funding from various sources; disruptions or difficulties in securing funds could adversely affect liquidity, profitability, and financial stability.
Swot Analysis for Manba Finance IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
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: [email protected]
Website: http://www.manbafinance.com/
IPO Registar Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
FAQs
The key objectives of Manba Finance IPO are:
- The primary objective of the IPO is to augment the capital base to meet future capital requirements for onward lending. This will support the growth of business and assets, ensuring continuous financial solutions such as new vehicle loans, used cars loans, small business loans, and personal loans to customers.
- A portion of the net proceeds from the IPO will be allocated towards general corporate purposes, not exceeding 25% of the gross issue proceeds. These funds will provide flexibility for various business needs, including strengthening marketing capabilities, meeting ongoing operational expenses, upgrading technology, and addressing general corporate contingencies, subject to board approval and compliance with relevant regulations.
Hem Securities Ltd. is the book-running lead managers for the Manba Finance IPO.