Manba Finance Ltd
Price Range
₹114 - ₹120
Min. Quantity
125
Closes on
25 September 2024
Min. investment
₹15,000/1,625 Shares
Manba Finance Ltd IPO Timeline
Manba Finance Limited was originally incorporated as Manba Finance Private Limited', a private limited company, dated May 31, 1996, issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, Company was converted into a public limited
| Event | Date |
|---|---|
| Manba Finance Ltd IPO Opening Date | 23 September 2024 |
| Manba Finance Ltd IPO Closing Date | 25 September 2024 |
| Basis of Allotment | 26 September 2024 |
| Initiation of Refunds | 26 September 2024 |
| Credit of Shares to Demat | 27 September 2024 |
| Manba Finance Ltd IPO Listing Date | 30 September 2024 |
Manba Finance Ltd IPO Details
| Manba Finance Ltd IPO Date | 23 September 2024 to 25 September 2024 |
| Manba Finance Ltd IPO Face Value | ₹10 per share |
| Manba Finance Ltd IPO Price | ₹114 to ₹120 per share |
| Manba Finance Ltd IPO Lot Size | 125 |
| Issue Size | Shares of ₹10 (aggregating up to ₹150.84 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹150.84 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 25,14,000 of the Net Offer |
| Retail Shares Offered | Not less than 43,99,500 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 18,85,500 of the Net Offer |
| Company Promoters | Manish Kiritkumar Shah, Nikita Manish Shah, Monil Manish Shah |
Manba Finance Ltd IPO Lot Size
The Manba Finance Ltd IPO lot size is 125 shares. A retail-individual investor can apply for up to 13 lots (1,625 shares or ₹1,95,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 125 | ₹15,000 |
| Maximum | 13 | 1,625 | ₹1,95,000 |
- Strengths
- Risks
- Opportunities
- Established relationships with more than 1100 Dealers.
- Ability to expand to new underpenetrated geographies (currently present in 66 locations spread across six states in western, central and north India).
- Access to diversified and cost-effective long-term borrowing.
- Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing (5.30 days as of March 31, 2024).
- Wide collections infrastructure and processes leading to maintenance of the Company's asset quality.
- Experienced Promoters and professional management team.
Company Financials
Manba Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 973.75 | 191.63 | 31.18 |
| 03-2023 | 789.09 | 133.85 | 15.21 |
| 03-2022 | 564.32 | 107.02 | 9.43 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Manba Finance Ltd IPO Promoter Holding
| Pre Issue Share Holding | 17.41% |
| Post Issue Share Holding | 13.06% |
Manba Finance Ltd IPO Subscription Status (Bidding Detail)
The Manba Finance Ltd IPO is subscribed 224.05 times on 25 September 2024 05:00:00 PM. The public issue subscribed 143.95 times in the retail category, 148.55 times in the QIB category, and 511.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 148.55 | 511.62 | 143.95 | - | 224.05 |
Manba Finance Ltd IPO Prospectus
Manba Finance Ltd IPO Listing Date
| Listing Date | 30 September 2024 |
| BSE Script | 544262 |
| NSE Symbol | MANBA |
| Listing In | BSE, NSE |
| ISIN | INE939X01013 |
| IPO Price | ₹120 |
| Face Value | ₹10 |
Company Contact Information
324 Runwal Heights CommercialComplex,LBS Marg Mulund West,Mumbai-400080
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: www.manbafinance.com
Manba Finance Ltd IPO Registrar
Manba Finance Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Manba Finance Ltd IPO?
I have pre-applied for Manba Finance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.