Manba Finance IPO (Manba Finance Limited IPO)
Manba Finance IPO open for bidding on 23rd September 2024 and ends on 25th September 2024.
Manba Finance Limited, incorporated in 1996 and granted NBFC registration in 1998, is a leading non-banking financial company in India. It specializes in vehicle financing, offering loans for new and used vehicles, including two-wheelers and three-wheelers, to retail and institutional customers.
The company has built a strong dealer network across India, working closely with vehicle dealers to extend financing solutions to a broad customer base. With its hub-and-spoke model, Manba Finance ensures a wide geographical reach, effectively serving urban and rural markets alike.
Manba Finance’s business model is designed to provide customers with affordable and flexible loan products, backed by strong risk management and a commitment to financial inclusion. The company has a robust credit assessment system and focuses on maintaining a high asset quality.
For more details refer to Manba Finance IPO RHP and Manba Finance IPO Pulse Score
Manba Finance IPO Details
| IPO Date | 23rd September 2024 to 25th September 2024 |
| Listing Date | 30th September 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 1,25,70,000 shares (aggregating up to ₹150.84 Cr) |
| Fresh Issue | 1,25,70,000 shares (aggregating up to ₹150.84 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 37,71,000(30%) |
| QIB | 25,14,000(20%) |
| NII | 18,85,500(15%) |
| bNII | 12,57,000(10%) |
| sNII | 6,28,500(5%) |
| Retail | 43,99,500(35%) |
| Total | 1,25,70,000(100%) |
Manba Finance IPO Timeline
| IPO Open | 23rd September 2024 |
| IPO Close | 25th September 2024 |
| Basis Of Allotment | 26th September 2024 |
| Initiation of Refunds | 27rd September 2024 |
| Credit of Shares to Demat | 27rd September 2024 |
| Listing Date | 30th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹602.87 Cr | P/E Ratio- Pre IPO | 14.39 |
| RoNW | 15.66% | P/E Ratio- Post IPO | 19.19 |
| RoCE | 19.39% | P/B Ratio | 2.25 |
| Debt to Equity | 3.75 | PAT Margin% | 16.40% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Manba Finance IPO Objectives
The company proposes to utilize the Net Proceeds to augment the capital base to meet the future capital requirements.
Leave a Reply