Manba Finance Limited is a non-banking finance company (NBFC-BL) offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans.
The company’s target customers are mainly:
- Employees; and
- The self-employed.
The Company tailors its offerings to each of these customer categories and creates customized programs. The Company typically finances up to 85% of the purchase price (on-road price) of the vehicle the customer wishes to purchase and prefers the customer to contribute the balance.
The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural areas. The company has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance IPO – Details
| IPO Opening Date | 23 September 2024 |
| IPO Closing Date | 25 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,25,70,000 Shares Worth ₹150.84 Crore Fresh Issue: 1,25,70,000 Shares Worth ₹150.84 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹114 – ₹120 per share |
| Market Lot | 125 Shares |
| Min Order | 125 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Manba Finance IPO – Date Schedule
| IPO Open Date | 23 September 2024 |
| IPO Close Date | 25 September 2024 |
| Basis of Allotment | 26 September 2024 |
| Initiation of Refund | 27 September 2024 |
| Credit of Shares to Demat Account | 27 September 2024 |
| IPO Listing Date | 30 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2024 |
Manba Finance IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Competitive Strengths
- Established relationships with more than 1100 Dealers.
- Ability to expand to new underpenetrated geographies (currently present in 66 locations spread across six states
in western, central and north India). - Access to diversified and cost-effective long-term borrowing.
- Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing (5.30 days as of March 31, 2024).
- Wide collections infrastructure and processes leading to maintenance of our Company’s asset quality.
- Experienced Promoters and professional management team.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 106.61 | 93.95 | 9.74 | 394.40 |
| 31 March 2023 | 133.31 | 110.53 | 16.58 | 595.93 |
| 31 March 2024 | 191.63 | 152.73 | 31.41 | 752.27 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
Object Of The Issue
- The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Manba Finance IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Baid Finserv Limited | 13.65 |
| 2 | 10 | Arman Financial Services Limited | 8.57 |
| 3 | 10 | MAS Financial Services Limited | 18.13 |
Manba Finance IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.98% |
Manba Finance IPO Prospectus
Company Contact Information
| 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: investorrelation@manbafinance.com Website: http://www.manbafinance.com/ |
Manba Finance IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: manbafinanceipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Manba Finance IPO Lead Manager(s)
| 1. Hem Securities Limited |
Manba Finance IPO FAQs
| What is Manba Finance IPO? Manba Finance IPO is a main-board IPO. The issue is priced at ₹114 to ₹120 per equity share. The IPO is to be listed on BSE & NSE. |
| When Manba Finance IPO will open? The IPO is to open on 23 September 2024 for QIB, NII, and Retail Investors. |
| What is Manba Finance IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Manba Finance IPO? You can apply Manba Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Manba Finance IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Manba Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Manba Finance IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Manba Finance IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Manba Finance IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Manba Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Manba Finance IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Manba Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Manba Finance IPO Size? Manba Finance IPO size is ₹150.84 Crore. |
| What is Manba Finance IPO Price Band? Manba Finance IPO Price Band is ₹114 to ₹120. |
| What is Manba Finance IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 125 Shares with ₹15,000 amount while the maximum bid is 1,625 Shares with ₹1,95,000. |
| What is the Manba Finance IPO Allotment Date? Manba Finance IPO allotment date is 26 September 2024. |
| What is the Manba Finance IPO Listing Date? Manba Finance IPO listing date is 30 September 2024. The IPO is to be listed on BSE and NSE. |
