Manba Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,285,000 (50%) | — | ₹7,542 Cr |
| NII (HNI) | — | 1,885,500 (15%) | — | ₹2,263 Cr |
| Retail | — | 4,399,500 (35%) | — | ₹5,279 Cr |
| Σ Total | — | 12,570,000 (100%) | — | ₹150,840 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 192 | 133 | 107 |
| Profit After Tax | 31 | 17 | 10 |
| Net Worth | 201 | 168 | 152 |
| Total Assets | 974 | 787 | 561 |
| Reserves & Surplus | 162 | 156 | 139 |
| Total Borrowing | 752 | 596 | 394 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements. –
Company Overview
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.