Manba Finance Limited IPO

Manba Finance Limited IPO opens on September 23, 2024, and closes on September 25, 2024. The allotment for the Manba Finance Limited IPO is expected to be finalized on Thursday, September 26, 2024. Manba Finance Limited IPO will list on NSE BSE with a tentative listing date fixed as Monday, September 30, 2024.

Manba Finance IPO price band is set at ₹114 to ₹120 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹210,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹1,005,000.

Manba Finance IPO is a book built issue of Rs 150.84 crores. The issue is entirely a fresh issue of 1.26 crore shares.

Manba Finance IPO Details

Manba Finance IPO Lot Size

Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Manba Finance IPO Objectives

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

About Manba Finance Limited

Founded in 1998, Manba Finance Limited is a non-banking finance company (NBFC-BL) specializing in financial solutions for two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. Catering to both employees and the self-employed, the company offers up to 85% financing on the purchase price of vehicles. With branches in urban, semi-urban, and metropolitan areas, and a network of over 1,100 dealers—including more than 190 EV dealers across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh—the company ensures broad reach and accessibility. As of March 31, 2024, Manba Finance employs 1,344 staff members.

Manba Finance Limited Financial Information

Manba Finance IPO Reservation

Manba Finance IPO Timeline 

Manba Finance IPO opens on September 23, 2024, and closes on September 25, 2024.