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 |
