MANBA FINANCE LIMITED IPO
₹ 114 - ₹ 120
23-Sep-2024 - 25-Sep-2024
₹ 15000.00

/ 125 Shares

MANBA FINANCE LIMITED IPO

23-Sep-2024 - 25-Sep-2024

₹ 114 - ₹ 120

Price Band

₹ 15000.00

Minimum Investment

125

Bid Lot

8,853,000

Shares

IPO Details

Fresh Issue of 1,25,70,000 Equity Shares

Category % Shares/Amount
QIB 50% 6,285,000 Shares RS.75.42 CR
HNI 1 5% 628,500 Shares RS.7.16 CR @ 359 FORM 1X
HNI 2 10% 1,257,000 Shares RS.14.33 CR @ 718 FORM 1X
Retail 35% 4,399,500 Shares RS.52.79 CR @ 35196 FORM 1X

BRLMs: Hem Securities Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
35196 FORM 1X 359 FORM 1X 718 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 125 ₹ 15,000
Retail (Upto 2 Lakh) 13 1625 ₹ 195,000
S-HNI (2 Lakh to 10 Lakh) 14 1750 ₹ 210,000
S-HNI (2 Lakh to 10 Lakh) 66 8250 ₹ 990,000
B-HNI (Above 10 Lakh) 67 8375 ₹ 1,005,000

IPO Timeline

  • Open Date

    23-Sep-2024

  • Close Date

    25-Sep-2024

  • Basis of Allotment Date

    26-Sep-2024

  • Initiation of Refunds

    26-Sep-2024

  • Credit Shares to Demat A/c

    27-Sep-2024

  • IPO Listing Date

    30-Sep-2024

Subscription as on
25-Sep-2024 15:49

Category Book Size Subscription No. of Times
QIB 2,514,000 ₹ 30.17 Cr. 364,615,625 ₹ 4375.39 Cr. 145.03x
HNI (<10 LAKH) 628,500 ₹ 7.54 Cr. 262,637,375 ₹ 3151.65 Cr. 417.88x
HNI2 (>10 LAKH) 1,257,000 ₹ 15.08 Cr. 685,741,875 ₹ 8228.90 Cr. 545.54x
RETAIL 682,500 ₹ 8.19 Cr. 548,355,625 ₹ 6580.27 Cr. 803.45x
Total 5,082,000 1,861,350,500 366.26x
Category Book Size Subscription No. of Times
QIB 2,514,000 ₹ 30.17 Cr. 364,615,625 ₹ 4375.39 Cr. 145.03x
HNI (<10 LAKH) 628,500 ₹ 7.54 Cr. 262,637,375 ₹ 3151.65 Cr. 417.88x
HNI2 (>10 LAKH) 1,257,000 ₹ 15.08 Cr. 685,741,875 ₹ 8228.90 Cr. 545.54x
RETAIL 682,500 ₹ 8.19 Cr. 548,355,625 ₹ 6580.27 Cr. 803.45x
Total 5,082,000 1,861,350,500 366.26x

*Excluding Anchor

Total No. of Application Approx : ~3735142 (684.09 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The Company was originally incorporated as ‘Manba Finance Pvt. Ltd’, at Mumbai, Maharashtra, in May 1996. Thereafter, on conversion to a public limited company in January 2005, the name was changed to ‘Manba Finance Ltd’. The RBI granted a certificate of registration in January 2022, to carry on business of non-banking financial institutions without accepting public deposits.
  • Manba Finance is a Base Layer (NBFC-BL) regulated by the RBI, 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.
  • Manba Finance operates out of 66 Locations connected to 29 branches across 6 states in western, central and north India. The company has established relationships with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
  • The company’s target customers are primarily (i) salaried; and (ii) self-employed individuals. The company offers customized products and tailor-made schemes to attract prospective customers.
  • The company’s AUM has grown at a CAGR of 37.46% between FY2022 to FY 2024 from ? 495.83 Cr to ? 936.86 Cr.
  • As of FY 2024, 2023 and 2022, the company’s total borrowings were ? 752.27 Cr, ? 595.93 Cr and ? 394.40 Cr, respectively.  The company’s average cost of borrowings as of FY2024, 2023 and 2022 was 11.98%, 11.19% and 11.61%, respectively.

The company’s Revenues from operations increased to ? 191.59 Cr in FY2024 from ?106.59 Cr in FY2022. The company’s NII stood at ? 87.62 Cr in FY2024 vs. ? 47.59 Cr in FY2022. The company reported a PAT of ? 31.42 Cr in FY2024 as compared to ? 9.74 Cr in FY2022. The company’s Gross NPA was 3.95% for FY 2024 and Net NPA was 3.16%, for the FY 2024.

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Strengths

  • Established relationships with the Dealers;

  • Ability to expand to new underpenetrated geographies;

  • Access to diversified and cost-effective long-term borrowing;

  • Technology driven and scalable operating model with quick Turn Around Time (TAT) for loan processing;
  • Extensive collections infrastructure and processes leading to maintenance of the Company’s asset quality; and
  • Experienced Promoters and professional management team.

 Business Strategies 

  • Increasing penetration in existing markets and diversifying into new markets;
  • Continue focus on vehicle finance and the growing 2Ws/3Ws/EV2Ws/EV3Ws market;
  • Diversifying the portfolio into Used Car Loans, Small Business Loans and Personal Loans;
  • Leveraging existing Branch and location setup by adding new products;
  • Continue to invest in technology and digitization initiatives to enhance the operating model and improve customer experience;
  • Enhance brand recall to attract new customers.

Company Promoters

Manish Kiritkumar Shah is the Managing Director of the Company. Nikita Manish Shah is a Whole Time Director and Head - Business Development of the Company. Monil Manish Shah is a Whole Time Director and Chief Business Officer of the Company. Jay Khushal Mota is a Whole Time Director and Chief Financial Officer of the Company. Abhinav Sharma is an Independent Director of the Company since 2019. Neelam Tater is an Independent Director of the Company. Bhavisha Ashish Jain is the Company Secre

Company Financials

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
Amount in ? Crore

Objects of the Issue

  • The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment