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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹150.84 Cr |
| Fresh Issue | ₹150.84 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹114.00-120.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544262 |
| NSE Code | MANBA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 125 shares and in multiples thereof
Established in 1998, 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.
The company's target customers are mainly (i) employees and (ii) the self-employed. The Company tailors its offerings to each of these customer categories and creates customized programs. The Company typically finances up to 85% of the purchase price (on-road price) of the vehicle the customer wishes to purchase and prefers the customer to contribute the balance.
The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural areas. The company has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
As of March 31, 2024, the company employed a total of 1,344 people.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of our capital base to meet the future capital requirements | 130.76 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 973.75 | 787.25 | 561.46 |
| Total Income | 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 | 394.40 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 21.36% |
| ROCE | 19.39% |
| Debt / Equity | 3.75% |
| RoNW | 15.66% |
| Price to Book Value | 2.25 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
| Promoter Holding | 100% | 74.98% |
| Market Cap | ₹602.87 Cr. | |
