Manba Finance Ltd launched its IPO today, i.e. September 23, 2024.
The Manba Finance IPO is a book-built issue that aims to raise ₹150.84 crores through a fresh issue of 1.26 crore shares. With its IPO segment, the company plans to raise ₹150.84 crores by offering 1.26 crore shares at a price between ₹114 and ₹120 each. Retail investors can participate with a minimum lot size of 125 shares. Allotment is expected on September 26, with listing on the BSE and NSE set for September 30.
Manba Finance IPO Timeline Details
| Detail | Information |
| IPO Opening Date | September 23, 2024 |
| IPO Closing Date | September 25, 2024 |
| Listing Date | September 30, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹114 to ₹120 per share |
| Lot Size | 125 shares |
| Total Issue Size | 1,25,70,000 shares (₹150.84 Cr) |
| Fresh Issue | 1,25,70,000 shares (₹150.84 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 37,669,410 shares |
Overview of Manba Finance Limited
Manba Finance Limited, established in 1996, is a non-banking finance company (NBFC-BL). It provides financial solutions for new two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, etc. The company offers financing up to 85% of the purchase price of vehicles.
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Key Details
- Manba Finance IPO Opening Date: September 23, 2024
- Manba Finance IPO Closing Date: September 25, 2024
- Manba Finance Allotment Date: September 26, 2024
- Manba Finance IPO Price Band: ₹114 to ₹120 per share
- Manba Finance IPO Lot Size: 125 shares
- IPO Refunds Initiated: September 26, 2024
- Shares Credited to Demat: September 27, 2024
- IPO Listing Date: September 30, 2024
Manba Finance Ltd: Financial Highlights for 2024
Manba Finance Limited has shown significant growth in its financial performance. The company’s revenue increased by 44% from the previous year, and profit after tax (PAT) rose by 90%.
Financial Summary
| Period Ended | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
| 31 Mar 2024 | 973.75 | 191.63 | 31.42 | 200.61 |
| 31 Mar 2023 | 787.25 | 133.32 | 16.58 | 168.43 |
| 31 Mar 2022 | 561.46 | 106.62 | 9.74 | 151.74 |
Manba Finance Limited IPO: SWOT Analysis
Manba Finance IPO presents a significant opportunity for investors.
Strengths:
- The company operates in 66 locations across six states in India. This presents significant opportunities for growth in underpenetrated markets.
- Manba Finance has reported a 44% increase in revenue and a 90% rise in profit, indicating strong financial performance.
- Manba Finance has over 1,100 dealer relationships, which helps in reaching more customers.
- A scalable, technology-oriented model ensures a quick turnaround time for loan processing.
- The company reported gross and net Non-Performing Assets (NPA) of 3.95% and 3.16%, respectively, in FY24. This indicates effective asset management.
Weaknesses and Risks
- Manba Finance has a narrow loan product focus; 97% of its assets are in new vehicle loans.
- The company has faced cash flow challenges, reporting losses of ₹124 crore in FY23 and ₹141 crore in FY24.
- It faces strong competition from commercial banks, NBFCs, small finance banks, e-commerce lending platforms, etc.
- The industry is seasonal, making it vulnerable to economic downturns.
- In FY24, 43% of its loans went to first-time borrowers, increasing the risk of non-payment or defaults.
- The company’s operations are sensitive to interest rate changes, which could affect its financial stability.
Opportunities:
- The potential to enter new geographic areas and diversify loan offerings could drive growth.
- With 43% of total disbursements going to first-time borrowers, there is an opportunity to develop tailored products.
FAQs| Manba Finance Ltd IPO
Manba Finance Ltd is a financial services company that was founded in 1996. It provides loans for new two-wheelers, three-wheelers, electric vehicles, etc.
The bidding date for the Manba Finance IPO is from September 23, 2024, to September 25, 2024.
The IPO lot size for Manba Finance is 125 shares.
The Manba Finance IPO launch date is September 23, 2024. It will remain open for subscription until September 25, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO allotment is expected to be finalised on Thursday, September 26, 2024.
The IPO face value is set at ₹10 per share.
To check IPO allotment status online by PAN number, you can visit the registrar’s website and enter your PAN details.
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