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Manba Finance Ltd

Finance

Offer Period :

23rd to 25th Sep 2024

Manba Finance IPO is set to raise ₹150.84 crores through a book-built issue. This IPO is entirely a fresh issue comprising 1.26 crore shares. The subscription window for the Manba Finance IPO  Read more... opens on September 23, 2024, and will close on September 25, 2024. Investors can expect the allotment to be finalized on September 26, 2024, with the shares likely to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 30, 2024. The price band for the Manba Finance IPO has been set between ₹114 to ₹120 per share. The minimum application for retail investors is 125 shares, requiring an investment of ₹15,000. For small non-institutional investors (sNII), the minimum lot size is 14 lots, equivalent to 1,750 shares, while for large non-institutional investors (bNII), the minimum lot size is 67 lots, equivalent to 8,375 shares. Hem Securities Limited is acting as the book running lead manager, and Link Intime India Private Ltd will handle the registrar responsibilities for the IPO. Read less

Manba Finance Ltd IPO Details

IPO Date 23rd to 25th Sep 2024 Minimum Investment ₹15000 / 1 Lots
Listing Date 2024-09-30 Maximum Investment ₹195000 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹150.84 Crores
Price ₹120 to ₹120 per share Fresh Issue ₹150.84 Crores
Lot Size 1 Lots (125 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 23rd to 25th Sep 2024
Listing Date 2024-09-30
Face Value ₹10 per share
Price ₹120 to ₹120 per share
Lot Size 1 Lots (125 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹15000 / 1 Lots
Maximum Investment ₹195000 / 13 Lots
Total Issue Size ₹150.84 Crores
Fresh Issue ₹150.84 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

23rd Sep

IPO Starts

25th Sep

IPO Ends

26th Sep

Allotment Date

26th Sep

Initiation of Refund

27th Sep

Credit of Shares to Demat Account

30th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99 0
Public Group 0.01 0

Manba Finance Ltd IPO Reservation

QIB Shares Offered 2514000(20%)
NII (HNI) Shares Offered 1885500(15%)
Retail Shares Offered 4399500(35%)
Anchor Investor Shares Offered 3771000(30%)
Total Shares Offered 12570000
Total Shares With Anchor Investor 12570000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Manba Finance Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 81081 14949
Email Id manbafinanceipo@linkintime.co.in
Our Website www.linkintime.co.in

Manba Finance Ltd IPO Lead Manager

1. Hem Securities Ltd

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Manba Finance Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 25,14,000 1,07,42,375 26,56,798.0
Non Institutional Investors (NIIs) 18,85,500 44,63,98,375 26,56,798.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 12,57,000 30,25,94,625 26,56,798.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 6,28,500 14,38,03,750 26,56,798.0
Retail Individual Investors (RIIs) 43,99,500 36,41,44,750 26,56,798.0
Total 87,99,000 82,12,85,500 26,56,798.0

Strength of Manba Finance Ltd

1. Established relationships with more than 1100 Dealers.

2. Ability to expand to new underpenetrated geographies (currently present in 66 locations spread across six states in western, central and north India).

3. Access to diversified and cost-effective long-term borrowing.

4. Technology drive and scalable operating model with quick Turn Around Time (TAT) for loan processing (5.30 days as of March 31, 2024).

5. Wide collections infrastructure and processes leading to maintenance of the Company's asset quality.

6. Experienced Promoters and professional management team.

Risks Involved

1. Its business and future prospects could get adversely affected if the company is not able to maintain relationships with its Dealers from whom the company derive significant portion of its New Vehicle Loans business.

2. New Vehicle Loans constitute 97.90% of its AUM. Lack of diversity in its loan products may affect the company's growth, prospects and financial condition.

3. Any downgrade in its credit ratings could increase the company borrowing costs, affect its ability to obtain financing, and adversely affect the company's business, results of operations and financial condition.

4. Its may faces asset-liability mismatches, which could affect the company liquidity and consequently may adversely affect its operations and profitability.

5. Its operations could be adversely affected by strikes or increased remuneration demands by its employees or any other kind of disputes with the company's employees.

6. The company has experienced negative cash flows from operating activities in Fiscals 2024 and 2023 and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting its financial condition.

7. Its business and operations are dependent on the company's ability to timely access cost effective sources of funding. Any disruption in its sources of funding could have an adverse effect on the company's business, results of operations and financial condition.

8. Its operations are concentrated in six states in western, central and north India and any adverse developments in these regions could have an adverse effect on its business and results of operations.

9. Its Promoters have subscribed to, and purchased, Equity Shares, at a price which could be below the Issue Price. The average cost of acquisition of Equity Shares by its Promoters could also be lower than the Issue Price.

10. The company participate in markets that are competitive with continuously evolving customer needs, and if the company does not compete effectively with established companies and new market entrants, its business, results of operations, cash flows and financial condition could be adversely affected.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Manba Finance Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-30 544262 MANBA
INE939X01013
₹120 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹120 ₹120
Open ₹150 ₹145
Low ₹144 ₹144
High ₹157.45 ₹152.25
Low ₹144 ₹144

Industry Outlook of Manba Finance IPO

The vehicle financing industry, particularly in the two-wheeler segment where Manba Finance operates, is poised for strong growth.

 Read more... Below are key industry trends that provide context for the Manba Finance IPO:

- Two-wheeler sales growth: According to CRISIL MI&A, domestic two-wheeler sales are projected to grow at a compound annual growth rate (CAGR) of 8-10% from FY 2024 to FY 2027, driven by recovery post-2023.

- Rural penetration: Scooters, which currently have a significant urban market share of 65-75%, are expected to see higher penetration in rural markets. This will be a key growth driver as infrastructure improves and consumer demand shifts towards scooters, especially in rural areas.

- Rising demand for higher capacity scooters: The demand for scooters with higher engine capacities (125cc and above) is also increasing, further boosting sales and financing requirements.

- Growth in two-wheeler financing: Two-wheeler disbursements are anticipated to grow at a 14-16% CAGR between FY 2024 and FY 2027, supported by improving urban sentiment, increasing electric vehicle (EV) penetration, and the expansion of rural infrastructure.

These factors are expected to contribute to the growth prospects for financial institutions like Manba Finance, which specializes in vehicle financing. Read less

Frequently Asked Questions

What is Manba Finance Ltd IPO?

Answer Field

Manba Finance Ltd IPO is a Mainboard IPO of 1,25,70,000 equity shares of a face value of ₹10 aggregating up to ₹150.84 Crores. The issue is priced at ₹120 to ₹120 per share. The minimum order quantity is 125 Shares. The IPO opens on September 23, 2024, and closes on September 25, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Manba Finance Ltd IPO will open?

Answer Field

The Manba Finance Ltd IPO opens on September 23, 2024 and closes on September 25, 2024.

What is the lot size of Manba Finance Ltd?

Answer Field

Manba Finance Ltd lot size is 125 shares, and the minimum amount required is ₹15,000.

How to apply for Manba Finance Ltd IPO?

Answer Field

You can apply in Manba Finance Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Manba Finance Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Manba Finance Ltd IPO will be done on September 26, 2024, and the allotted shares will be credited to your demat account by September 27, 2024.

When is Manba Finance Ltd IPO listing date?

Answer Field

The Manba Finance Ltd listing date is September 30, 2024.

Who is the registrar of Manba Finance Ltd IPO?

Answer Field

The registrar of Manba Finance Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Manba Finance Ltd IPO?

Answer Field

The fresh issue size is ₹150.84 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Manba Finance Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 125 shares and ₹15,000 amount.

How can I approve the UPI mandate request for Manba Finance Ltd IPO?

Answer Field

To apply for Manba Finance Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Manba Finance Ltd?

Answer Field

The price of each Manba Finance Ltd share will be ranging in between ₹120 to ₹120 per share.

What is the cut-off time for the UPI mandate for Manba Finance Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2024.

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