Manba Finance Limited (MAINBOARD)
Sep 23, 2024 - Sep 25, 2024
| Price | ₹114 - ₹120 |
| Premium | ₹33 |
|---|---|
| Lot size | 125 |
| Allotment | Sep 26, 2024 |
| Listing | Sep 30, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 125 | 15000 | 35196 |
| sHNI | 14 | 1750 | 210000 | 359 |
| bHNI | 67 | 8375 | 1005000 | 718 |
Last updated on 25-Sep-2024 19:40:07
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2514000 | 373448500 | 148.55 |
| HNIs | 1885500 | 964714625 | 511.65 |
| HNIs 10+ | 1257000 | 687028500 | 546.56 |
| HNIs 2+ | 628500 | 277686125 | 441.82 |
| Retail | 4399500 | 633672000 | 144.03 |
| Total | 8799000 | 1971835125 | 224.1 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 718 | 77465 | 107.89 |
| HNIs (2-10L) | 359 | 150693 | 419.76 |
| Retail | 35196 | 4105140 | 116.64 |
| Total Applications: 4333298 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 30.17 | 4481.38 | 148.55 |
| FIIs | - | 908.36 | - |
| DIIs | - | 1306.4 | - |
| Mutual funds | - | 0.18 | - |
| Others | - | 2248.44 | - |
| HNIs | 22.63 | 11576.58 | 511.65 |
| HNIs 10+ | 15.08 | 8244.34 | 546.56 |
| HNIs 2+ | 7.54 | 3332.23 | 441.82 |
| Retail | 52.79 | 7604.06 | 144.03 |
| Total | 105.59 | 23662.02 | 224.1 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹23.93 | @8% ₹27.35 | @9% ₹30.77 | @10% ₹34.19 | @11% ₹37.61 | @12% ₹41.02 |
Manba Finance IPO Details
| Issue Size | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Fresh Issue | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE NSE |
| Share holding pre issue | 37,669,410 |
| Share holding post issue | 50,239,410 |
Manba Finance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 17.03% | 10.36% | 6.63% |
| RONW | 15.66% | 9.84% | 6.42% |
| D/E | 3.75 | 3.54 | 2.6 |
| EPS (basic) | 8.34 | 4.4 | 2.59 |
| P/E Pre IPO | 14.39 | ||
| P/E Post IPO | 19.19 |
Company Financials
Manba Finance Limited Financial Information (Restated)
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 | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 973.75 | 787.25 | 561.46 | |||||||||||||||||||||||||||
| Revenue | 191.63 | 133.32 | 106.62 | |||||||||||||||||||||||||||
| Profit | 31.42 | 16.58 | 9.74 | |||||||||||||||||||||||||||
| Net Worth | 200.61 | 168.43 | 151.74 | |||||||||||||||||||||||||||
| Reserves | 162.46 | 155.54 | 138.96 | |||||||||||||||||||||||||||
| Borrowing | 752.27 | 595.93 | 394.4 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Company
Established in 1998, Manba Finance Limited is a non-banking finance company (NBFC-BL) specializing in providing financial solutions for two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. Catering primarily to employees and the self-employed, the company finances up to 85% of the vehicle's purchase price. With a strong presence in urban, semi-urban, and rural areas, Manba Finance has built relationships with over 1,100 dealers, including 190 EV dealers across several states. As of March 31, 2024, the company employed 1,344 people.
Hem Securities Limited
Established Relationships: The company has built relationships with more than 1,100 dealers, giving it a strong foundation in its market.
Expansion Capabilities: Ability to expand into new underpenetrated geographies, currently present in 66 locations across six states.
Experienced Management: Led by experienced promoters and a professional management team.
Operational Risks: Risks arising from internal system failures, fraud, or inadequate internal controls.
Credit Risk: Potential financial losses due to customers failing to meet their contractual obligations.
Technological Challenges: Inability to adapt to technological advances could negatively impact the company's competitiveness.
Phone: +91-22-4918 6270
Email: manbafinanceipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html