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IPO Status: Upcoming [23rd Sep 2024 to 25th Sep 2024]
Manba Finance IPO, a Mainline IPO of ₹150.84 Cr opens for subscription from 23-09-2024 to 25-09-2024. The IPO consists of ₹150.84 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 114.00-120.00 per share. You can apply to the Manba Finance Mainline IPO for a minimum lot of 125 shares amounting of Rs 15000.
The tentative listing date on the exchange (BSE, NSE) is 30-09-2024.Stay tuned with us to get more details about Manba Finance Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 23rd Sep 2024 |
| IPO Issue Closing Date: | 25th Sep 2024 |
| IPO Issue Price: | ₹114.00-120.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹150.84 Cr |
| Fresh Issue: | ₹150.84 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: |
Get important updates regarding Manba Finance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Sep 2024 |
| Refunds Initiation* | 26th Sep 2024 |
| Credit of Shares to Demat* | 27th Sep 2024 |
| IPO Listing Date* | 30th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹114.00-120.00 |
| Market Lot: | 125 Shares |
| 1 Lot Amount: | ₹15000 |
| Min Small HNI Lots(2-10 Lakh): | 1750 shares (14 lots) - ₹210000 |
| Min Big HNI Lots(10+ Lakh): | 8375 shares (67 lots) - ₹1005000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 120.00 | 0 | -- | ₹120 (0%) | 19-Sep-2024 23:59 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Incorporated in May 1996, Manba Finance Limited is a Non-Banking Finance Company (NBFC-BL) offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans with AUM of more than 90,000 lakhs as on March 31, 2024.
The company provides financial solutions to its target customers who want quick turnaround time (TAT) for loan approval and disbursement. Headquartered in Mumbai, Maharashtra, the company has 66 locations with 29 branches across six (6) states in Western, Central and Northern India.
In Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh, the company has established relationships with more than 1,100 dealers, including more than 190 EV dealers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1996 | Non Banking Financial Company (NBFC) | ₹150.84 Cr | http://www.manbafinance.com/ |
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Our experts can help you prepare for SME IPO
Manba Finance Limited's revenue increased by 44% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Manba Finance Limited | 8.34 | 53.26 | 15.66 | Consolidated | ||
| Baid Finserv Limited | 1.08 | 13.89 | 13.65 | 7.75 | Consolidated | |
| Arman Financial Services Ltd. | 195 | 775.7 | 8.57 | 21.36 | Consolidated | |
| Mas Financial Services Ltd | 15.31 | 108.71 | 18.13 | 14.25 | Consolidated |
Last Updated on 19-Sep-2024 23:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Manba Finance IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Manba Finance IPO with Zerodha.
Alternate approch to apply in Manba Finance IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Manba Finance IPO Review and Important Updates
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To subscribe or apply in Manba Finance IPO, you can use the following methods:
| Manba Finance IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Manba Finance IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Manba Finance IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Manba Finance IPO. Most of the Syndicate Banks provide access to apply in Manba Finance IPO via ASBA process. You must have your net banking access, DP ID information to apply in Manba Finance IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Manba Finance IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Manba Finance IPO Review and Important Updates
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Manba Finance IPO is going to be list on 30-09-2024.
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Manba Finance IPO Allotment Date is 26-09-2024.
Other relevant questions:
Manba Finance IPO share allotment date?Manba Finance IPO allotment date?
