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Manba Finance IPO

  • Status: Closed
  • RHP:
  • ₹ 14,250 / 125 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 Sep 2024

  • Listing Price

    ₹150.00

  • Listing Change

    25.00%

  • Last Traded Price

    ₹156.41

IPO Details

  • Open Date

    23 Sep 2024

  • Close Date

    25 Sep 2024

  • IPO Price Range

    ₹ 114 to ₹120

  • IPO Size

    ₹ 150.84 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    30 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Manba Finance IPO Subscription Status

Last Updated: 27 September 2024 10:13 AM by 5Paisa

Manba Finance IPO is set to open on 23 September 2024 and will close on 25 September 2024. Manba Finance is a non banking finance company that provides loans for new two wheelers, three wheelers, electric two and three wheelers, used cars, small business loans and personal loans.

The IPO includes a fresh issue of ₹1.26 Cr shares aggregating ₹150.84 Cr and the IPO does not include offer for sale. The price range is set between ₹114 to ₹120 per share and the lot size is 125 shares. 

The allotment is scheduled to be finalized on 26 September 2024. It will go public on BSE & NSE with a tentative listing date of 30 September 2024.

Hem Securities Limited is the book running lead managers while Link Intime India Private Ltd is the registrar. 
 

Manba Finance IPO Size

Types Size (₹Cr)
Total IPO Size 150.84
Offer For Sale -
Fresh Issue 150.84

 

Manba Finance IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 125 ₹15,000
Retail (Max) 13 1625 ₹195,000
S-HNI (Min) 14 1,750 ₹210,000
S-HNI (Max) 66 8,250 ₹990,000
B-HNI (Min) 67 8,375 ₹1,005,000

 

Manba Finance IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 148.55  25,14,000 37,34,48,500 4,481.38
NII (HNI) 506.24 18,85,500 95,45,15,875 11,454.19
Retail 130.19 43,99,500 57,27,56,500 6,873.08
Total 216.02 87,99,000 1,90,07,20,875 22,808.65

 

Manba Finance IPO Anchor Allocation

Anchor Bid Date 20 September, 2024
Shares Offered 3,771,000
Anchor portion Size (In ₹ Cr.) 45.25
Anchor lock-in period end date for 50% shares (30 Days) 26 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 25 December, 2024

 

1.Meeting Working Capital Needs
2. General Corporate Purposes
 

Manba Finance founded in 1998 is a non banking finance company that offers financial support for buying new and electric two wheelers (2Ws and EV2Ws), three wheelers (3Ws and EV3Ws), used cars and provides small business and personal loans.

The company serves both employees and self employed individuals tailoring its financial products to suit these groups. Typically, they cover up to 85% of the vehicle's cost, with the buyer expected to pay the rest.

Manba Finance operates in cities, towns and rural areas through a network of branches and has partnerships with over 1,100 dealers including 190 EV dealers across several states like Maharashtra, Gujarat and Uttar Pradesh. As of 31 March 2024, the company had 1,344 employees.

Peers

Baid Finserv Limited
Arman Financial Services Ltd.
Mas Financial Services Ltd
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 191.63 133.32 106.62
EBITDA 125.25  83.85  63.04
PAT 31.42 16.58 9.74
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 973.75 787.25 561.46
Share Capital 37.67  12.56 12.56
Total Borrowings 752.27 595.93 394.4
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -141.14  -124.03  47.28
Net Cash Generated From / (used in) investing activities 1  -18.92 -0.71
Net Cash Generated From / (used in) financing activities 156.34  201.53 -10.28
Net Increase (Decrease) In Cash And Cash Equivalents 16.30  58.59  36.29

Strengths

1. Manba Finance has built solid relationships with over 1,100 merchants including EV dealers, which helps them expand their reach and support customers in buying vehicles across various regions.

2. The company has the ability to expand into untapped or less developed geographical areas which provides opportunities for further growth especially in semi urban and rural markets.

3. With a technology driven approach, Manba Finance offers fast loan processing, ensuring a smooth experience for borrowers. Their strong collection processes help maintain good asset quality, reducing loan defaults.
 

Risks

1. Economic slowdowns or unfavorable market conditions could reduce demand for loans and impact the repayment capacity of borrowers, affecting the company’s financial performance.

2. As a smaller NBFC, Manba Finance faces competition from larger, well established financial institutions, which might offer better terms or broader services.

3. Changes in government regulations or policies for NBFCs could increase compliance costs or limit the company’s ability to expand or offer certain financial products.

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FAQs

Manba Finance IPO opens from 23 September to 25 September 2024.

The size of Arkade Developer's IPO is ₹150.84 crores.

The price of Manba Finance IPO is fixed at ₹114 to ₹120 per share. 

To apply for Manba Finance IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Manba Finance IPO.    
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Manba Finance IPO is 125 shares and the minimum investment required is ₹14,250.

The share allotment date of Manba Finance IPO is 26 September 2024.

The Manba Finance IPO will be listed on 30 September 2024.
 

Hem Securities Limited is the book running lead manager for Manba Finance IPO.

Manba Finance plans to utilize the raised capital from the IPO for:

1. Meeting Working Capital Needs
2. General Corporate Purposes