Manba Finance Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹114 - ₹120
- Lot size
- 125 shares
- Issue amount
- ₹150.84 cr
- Total subscription
- 224.1×
- Opens
- 23 Sept 2024
- Closes
- 25 Sept 2024
- Allotment
- 26 Sept 2024
- Listing
- 30 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 1,25,70,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹150.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹15,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,76,69,410
- Shares after issue
- 5,02,39,410
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 125 | ₹15,000 |
| sHNI | 14 | 1,750 | ₹2,10,000 |
| bHNI | 67 | 8,375 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 718 | 77,465 |
| HNIs (2-10L) | 359 | 1,50,693 |
| RETAIL | 35,196 | 41,05,140 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 30.17 | 4,481.38 |
| RETAIL | 52.79 | 7,604.06 |
| HNIs 2+ | 7.54 | 3,332.23 |
| HNIs 10+ | 15.08 | 8,244.34 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.34 | 4.4 | 2.59 |
| ROE | 17.03 | 10.36 | 6.63 |
| ROCE | 0 | 0 | 0 |
| RONW | 15.66 | 9.84 | 6.42 |
| PRE IPO(PE) | 14.39 | 0 | 0 |
| POST IPO(PE) | 19.19 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 1998, Manba Finance Limited is an NBFC-BL that provides financing solutions for two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. It serves both salaried and self-employed customers and finances up to 85% of a vehicle’s purchase value. The company has a strong presence across urban, semi-urban, and rural regions, and has partnered with more than 1,100 dealers, including around 190 EV dealers in several states. As of March 31, 2024, Manba Finance employed 1,344 people.
Strengths
- Strong Dealer Network: Trusted relationships with 1,100+ dealers strengthen market presence.
- Scalable Expansion: Ability to grow into new regions, currently operating across 66 locations in six states.
- Experienced Leadership: Guided by seasoned promoters supported by a professional management team.
Risk factors
- Operational Control Risks: Internal system failures or weak controls could affect business performance.
- Credit Exposure: Customers failing to pay on time may cause financial losses.
- Technology Lag Risk: Inability to keep up with new tech could reduce competitiveness.
Promoters
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).
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai - 400 080
+91 22 6234 6598
[email protected]Company website ↗Understanding MANBA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.