Manba Finance Limited is the Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for New two wheeler (2Ws,) three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans. They provide loans fo the AUM size of more than ₹ 90,000 lakhs as of March 31, 2024. They are one of the best financial solutions providers in India especially targeting customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. It is a Maharashtra-based company and operates around 66 Locations connected to 29 branches across six (6) states in western, central, and north India. They have a strong portfolio with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
Manba Finance IPO, a Mainline IPO of ₹150.84 Cr opens for subscription from 23-09-2024 to 25-09-2024. The IPO consists of ₹150.84 Cr fresh issue. The face value is Rs.10 and the price band is fixed at 114.00-120.00 per share. You can apply to the Manba Finance Mainline IPO for a minimum lot of 125 shares amounting of Rs. 15000. The tentative listing date on the exchange (BSE, NSE) is 30-09-2024.
Manba Finance IPO Dates
The Manba Finance IPO date is September 23 and the close date is September 25. The Manba Finance IPO allotment will be finalized on September 26 and the IPO listing on September 30.
| 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 |
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 Manba Finance IPO minimum market lot is 125 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 1625 shares or ₹195,000 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1625 | ₹195,000 |
| S-HNI Minimum | 14 | 1,750 | ₹210,000 |
| B-HNI Minimum | 67 | 8,375 | ₹1,005,000 |
Manba Finance Limited Financial Information
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 |
| Revenue | 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 |
