Manba Finance Limited IPO

NiftyTrader • September 17, 2024

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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

IPO Date	September 23, 2024 to September 25, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹114 to ₹120 per share
Lot Size	125 Shares
Total Issue Size	12,570,000 shares (aggregating up to ₹150.84 Cr)
Fresh Issue	12,570,000 shares (aggregating up to ₹150.84 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	37,669,410
Shareholding post-issue	50,239,410

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.

Application	Lots	Shares	Amount
Retail (Min)	1	125	₹15,000
Retail (Max)	13	1625	₹195,000
S-HNI (Min)	14	1,750	₹210,000
S-HNI (Max)	66	8,250	₹990,000
B-HNI (Min)	67	8,375	₹1,005,000

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

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

Manba Finance IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Net Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Net Offer

Manba Finance IPO Timeline

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

IPO Open Date	Monday, September 23, 2024
IPO Close Date	Wednesday, September 25, 2024
Basis of Allotment	Thursday, September 26, 2024
Initiation of Refunds	Friday, September 27, 2024
A credit of Shares to Demat	Friday, September 27, 2024
Listing Date	Monday, September 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 25, 2024