Manba Finance IPO GMP : Manba Finance IPO GMP is Open on 23 Sep 2024 and Close on 25 Sep 2024. Manba Finance IPO to Raise 12,570,000 shares (Approx ₹150.84 Cr) via IPO. The Fresh issue of 12,570,000 shares (Approx ₹150.84 Cr).
We are a NBFC-BL providing financial solutions for New 2Ws, 3Ws, EV2Ws, EV3Ws, Used Cars, Small Business Loans and Personal Loans. Our Loan Portfolio Comprises of New Vehicle Loans with an average ticket size (ATS) We provide financial solutions to our target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement.
We are based out of Mumbai, Maharashtra and operate out of 65 Locations connected to 28 branches across five (5) states in western, central and north India. We have established deep and long-term relationships with more than 850 Dealers, including more than 60 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh and Madhya Pradesh.
We have recently expanded our loan portfolio to Used Car Loans, Small Business Loans and Personal Loans and we intend to leverage our existing network to further penetrate the market with our new products.
Our Target Customers Are Mainly-
- Salaried
- Self-Employed
Manba Finance IPO Date & Price Band Details
| IPO Open Date | 23 Sep 2024 |
|---|---|
| IPO Close Date | 25 Sep 2024 |
| IPO Size | 12,570,000 shares (Approx ₹150.84 Cr) |
| Fresh Issue | 12,570,000 shares (Approx ₹150.84 Cr) |
| Lot Size | 125 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹114 to ₹120 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Manba Finance IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1625 | ₹195,000 |
| S-HNI Minimum | 14 | 1,750 | ₹210,000 |
| B-HNI Minimum | 67 | 8,375 | ₹1,005,000 |
Object of the Issue
- Augmenting our capital base to meet our Company’s future capital requirements towards onward lending.
- General corporate purposes.
Manba Finance IPO Allotment & Listings (Details)
| IPO Open Date | 23 Sep 2024 |
|---|---|
| IPO Close Date | 25 Sep 2024 |
| Basis of Allotment | 26 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Credit to Demat Account | 27 Sep 2024 |
| IPO Listing Date | 30 Sep 2024 |
Manba Finance Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹191.63 | ₹152.74 | ₹31.42 |
| 2023 | ₹133.32 | ₹110.53 | ₹16.58 |
| 2022 | ₹106.62 | ₹93.96 | ₹9.74 |
Our Company Promoters
- Manish Kiritkumar Shah
- Nikita Manish Shah
- Monil Manish Shah
Qualitative Factors
- Established relationships with Dealers.
- Ability to expand to new Underpenetrated geographies.
- Access to diversified and cost-effective long-term borrowing.
- Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing.
- Extensive collections infrastructure and processes leading to maintenance of our Company’s asset quality.
- Experienced Promoters and professional management team.
Comparison of Accounting Ratios with Peer Group Companies
- Manba Finance Limited.
- Finserv Limited.
- Baid Arman Financial Services Limited.
- MASFinancial Services Limited.
Also Read: KRN Heat Exchanger IPO
Manba Finance Company Contact Details
324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle,
Mulund (West), Mumbai 400 080,
Maharashtra, India
Tel.: +91 22 6234 6598
E-mail: investorrelation@manbafinance.com
Website : www.manbafinance.com
Manba Finance Lead Manager
Hem Securities Limited
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013,
Maharashtra, IndiaTel: +91 22 4906 0000
E-mail: ib@hemsecurities.com
Website: www.hemsecurities.com
Investor grievance e-mail: redressal@hemsecurities.com
Manba Finance IPO Registrar
Link Intime India Private Limited
C-101, 1stFloor 247 Park, L.B.S. Marg Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
1 thought on “Manba Finance IPO GMP, Review, Price, Date & Latest IPO Details”