Manba Finance IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 19, 2024Let’s have a detailed review of the company and analytics of the Manba Finance IPO release date, IPO offer price, subscription, Manba Finance Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Manba Finance IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Manba Finance Share Price |
Manba Finance IPO – Summary
They are an NBFC-BL providing financial solutions for New 2Ws, 3Ws, EV2Ws, EV3Ws, Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ₹ 80,000 lakhs as of December 31, 2023.
About 99% of their loan portfolio comprises of New Vehicle Loans with an average ticket size (ATS) of around ₹ 0.80 lakhs. They provide financial solutions to their target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement.
The Promoter of this company is MANISH KIRITKUMAR SHAH, NIKITA MANISH SHAH, MONIL MANISH SHAH, MANBA INVESTMENTS AND SECURITIES PRIVATE LIMITED, AVALON ADVISORY AND CONSULTANT SERVICES PRIVATE LIMITED, MANBA FINCORP PRIVATE LIMITED, MANBA INFOTECH LLP AND MANISH KIRITKUMAR SHAH (HUF). The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is Link Intime India Private Limited.
Manba Finance IPO Date
The opening and closing dates of Manba Finance IPO are not available yet.
Manba Finance IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Manba Finance IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Manba Finance Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Manba Finance IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Manba Finance IPO Equity Size
This Initial Public Issue of 1,25,70,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Manba Finance IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,25,70,000 Equity Shares of Rs.10/ each.
Issue Size: 1,25,70,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Manba Finance IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Manba Finance Share Price |
Manba Finance IPO Grey Market Premium
The Manba Finance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Manba Finance IPO – Company Overview
They are based out of Mumbai, Maharashtra and operate out of 65 Locations connected to 28 branches across five (5) states in western, central and north India.
They have established deep and long-term relationships with more than 850 Dealers, including more than 60 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh and Madhya Pradesh.
Also, they have recently expanded their loan portfolio to Used Car Loans, Small Business Loans and Personal Loans and they intend to leverage their existing network to further penetrate the market with their new products
Manba Finance IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets |
85,930.99
|
78,724.75 | 56,145.80 |
55,540.20
|
| *Total Revenue |
8,828.93
|
13,331.71
|
10,661.94
|
10,576.43
|
| Total Expense |
6,695.42
|
11,053.05
|
9,395.66
|
9,290.72
|
| Profit After Tax |
1,680.36
|
1,658.01
|
974.02
|
936.33
|
Earnings per Equity Share (in Lakhs)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted |
4.46
|
4.40
|
2.59
|
2.49
|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,658.01 Lakh, Rs. 974.02 Lakh and Rs. 936.33 Lakh respectively.
Manba Finance IPO – Promoters
The Promoter of this company is:
- MANISH KIRITKUMAR SHAH,
- NIKITA MANISH SHAH,
- MONIL MANISH SHAH,
- MANBA INVESTMENTS AND SECURITIES PRIVATE LIMITED,
- AVALON ADVISORY AND CONSULTANT SERVICES PRIVATE LIMITED,
- MANBA FINCORP PRIVATE LIMITED,
- MANBA INFOTECH LLP AND MANISH KIRITKUMAR SHAH (HUF)
List of Related Parties (Key Managerial Personnel)
-
Manish Kiritkumar Shah, Managing Director
-
Nikita Manish Shah, Whole Time Director and Head –Business Development
-
Monil Manish Shah, Whole Time Director and Chief Business Officer
-
Jay Khushal Mota, Whole Time Director and Chief Financial Officer
Manba Finance IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Manba Finance IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,25,70,000 Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 3,76,69,410 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Manba Finance IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
-
Augmenting their capital base to meet their Company’s future capital requirements towards onward lending; and
-
General corporate purposes.
Manba Finance IPO – Business Strategy
-
Increasing penetration in existing markets and diversifying into new markets
-
Continue focus on vehicle finance and the growing 2Ws/3Ws/EV2Ws/EV3Ws market
-
Diversifying their portfolio into Used Car Loans, Small Business Loans and Personal Loans
-
Leveraging their existing Branch and location setup by adding new products
Manba Finance IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established relationships with Dealers
- Ability to expand to new underpenetrated geographies
- Access to diversified and cost-effective long-term borrowing
- Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing
- Extensive collections infrastructure and processes leading to maintenance of their Company’s asset quality
- Experienced Promoters and professional management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
4.40
|
9.84
|
44.71
|
| 31-Mar-22 |
2.59
|
6.42 |
40.28
|
| Mar-21 |
2.49
|
6.60 |
37.68
|
Manba Finance IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| Manba Finance Limited | 10 | [●] |
4.40
|
9.84%
|
13,331.71
|
| Listed Peers | |||||
| Baid Finserv Limited | 2 |
26.80
|
0.97
|
6.70% |
5,573.46
|
| Arman Financial Services Limited | 10 | 17.95 |
110.47
|
25.65% |
42,390.12
|
Manba Finance IPO Lead Managers
| Lead Managers |
| Hem Securities Limited 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai 400 013,Maharashtra, India Tel: +91 22 4906 0000 E-mail:ib@hemsecurities.com Website: www.hemsecurities.com Investor grievance e-mail: redressal@hemsecurities.com Contact Person:Roshni Lahoti SEBI Registration No.INM000010981 |
Manba Finance IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B. S. Marg, Vikhroli (West)Mumbai 400 083 Maharashtra, IndiaTelephone:+91 81081 14949 E-mail:manbafinanceipo@linkintime.co.in Investor grievance e-mail:manbafinanceipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Manba Finance IPO – Other Details
- Statutory Auditor – Venus Shah and Associates, Chartered Accountants
- Legal Counsel to the Company – Desai & Diwanji
- Bankers to the Company – IDFC First Bank Limited
Manba Finance IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Manba Finance Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Manba Finance IPO Review FAQs
Check out various FAQs related to Manba Finance IPO:
What is the Issue Size of Manba Finance IPO?
The Company is making an initial public offer of 1,25,70,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Manba Finance IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. NA per share.
What is the Manba Finance IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Manba Finance IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Manba Finance IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Manba Finance IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Manba Finance IPO?
Here are the promoters of this IPO – MANISH KIRITKUMAR SHAH, NIKITA MANISH SHAH, MONIL MANISH SHAH, MANBA INVESTMENTS AND SECURITIES PRIVATE LIMITED, AVALON ADVISORY AND CONSULTANT SERVICES PRIVATE LIMITED, MANBA FINCORP PRIVATE LIMITED, MANBA INFOTECH LLP AND MANISH KIRITKUMAR SHAH (HUF). You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Manba Finance IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Manba Finance IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Manba Finance Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,658.01, 2022 is 974.02, and 2021 is 936.33. PAT from Sep 2023 is 1,680.36.
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