Manba Finance IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Sep 25 2024
Price Band
₹114 - 120
Current GMP
₹145(20.83%)
Subscription
216.04 times
IPO Details
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | Monday, September 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total 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 |
IPO Date
September 23, 2024 to September 25, 2024
Listing Date
Monday, September 30, 2024
Face Value
₹10 per share
Price Band
₹114 to ₹120 per share
Lot Size
125 Shares
Total 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
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 148.55 |
| Non-Institutional Buyers | 506.26 |
| bNII (bids above ₹10L) | 546.56 |
| sNII (bids below ₹10L) | 425.66 |
| Retail Investors | 130.24 |
| Total ** | 216.04 |
Anchor Investors
1
Qualified Institutions
148.55
Non-Institutional Buyers
506.26
bNII (bids above ₹10L)
546.56
sNII (bids below ₹10L)
425.66
Retail Investors
130.24
Total **
216.04
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 23, 2024 | 2.36 | 43.34 | 28.32 | 24.12 |
| Day 2 Sep 24, 2024 | 4.15 | 172.49 | 71.01 | 73.65 |
| Day 3 Sep 25, 2024 | 148.55 | 506.26 | 130.24 | 216.04 |
DayDay 1
Sep 23, 2024
QIB2.36
NII43.34
Retail28.32
Total24.12
DayDay 2
Sep 24, 2024
QIB4.15
NII172.49
Retail71.01
Total73.65
DayDay 3
Sep 25, 2024
QIB148.55
NII506.26
Retail130.24
Total216.04
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-09-2024 | 120.00 | 33(27.5%) | 153 |
| 29-09-2024 | 120.00 | 33(27.5%) | 153 |
| 28-09-2024 | 120.00 | 38(31.67%) | 158 |
| 27-09-2024 | 120.00 | 40(33.33%) | 160 |
| 26-09-2024 | 120.00 | 56(46.67%) | 176 |
| 25-09-2024 | 120.00 | 58(48.33%) | 178 |
| 24-09-2024 | 120.00 | 58(48.33%) | 178 |
| 23-09-2024 | 120.00 | 64(53.33%) | 184 |
| 22-09-2024 | 120.00 | 60(50.0%) | 180 |
| 21-09-2024 | 120.00 | 60(50.0%) | 180 |
| 20-09-2024 | 120.00 | 60(50.0%) | 180 |
| 19-09-2024 | 120.00 | 0(0.0%) | 120 |
| 18-09-2024 | 120.00 | 0(0.0%) | 120 |
| 17-09-2024 | 120.00 | 0(0.0%) | 120 |
Date30-09-2024
Price120.00
GMP33(27.5%)
Estimate List Price153
Date29-09-2024
Price120.00
GMP33(27.5%)
Estimate List Price153
Date28-09-2024
Price120.00
GMP38(31.67%)
Estimate List Price158
Date27-09-2024
Price120.00
GMP40(33.33%)
Estimate List Price160
Date26-09-2024
Price120.00
GMP56(46.67%)
Estimate List Price176
Date25-09-2024
Price120.00
GMP58(48.33%)
Estimate List Price178
Date24-09-2024
Price120.00
GMP58(48.33%)
Estimate List Price178
Date23-09-2024
Price120.00
GMP64(53.33%)
Estimate List Price184
Date22-09-2024
Price120.00
GMP60(50.0%)
Estimate List Price180
Date21-09-2024
Price120.00
GMP60(50.0%)
Estimate List Price180
Date20-09-2024
Price120.00
GMP60(50.0%)
Estimate List Price180
Date19-09-2024
Price120.00
GMP0(0.0%)
Estimate List Price120
Date18-09-2024
Price120.00
GMP0(0.0%)
Estimate List Price120
Date17-09-2024
Price120.00
GMP0(0.0%)
Estimate List Price120
IPO Important Dates
| IPO Open Date | Monday, September 23, 2024 |
| IPO Close Date | Wednesday, September 25, 2024 |
| Basis of Allotment | Thursday, September 26, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Friday, September 27, 2024 |
| Listing Date | Monday, September 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2024 |
IPO Open Date
Monday, September 23, 2024
IPO Close Date
Wednesday, September 25, 2024
Basis of Allotment
Thursday, September 26, 2024
Initiation of Refunds
Thursday, September 26, 2024
Credit of Shares to Demat
Friday, September 27, 2024
Listing Date
Monday, September 30, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 25, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| S-HNI (Max) | 66 | 8,250 | ₹990,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
ApplicationRetail (Min)
Lots1
Shares125
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1625
Amount₹195,000
ApplicationS-HNI (Min)
Lots14
Shares1,750
Amount₹210,000
ApplicationS-HNI (Max)
Lots66
Shares8,250
Amount₹990,000
ApplicationB-HNI (Min)
Lots67
Shares8,375
Amount₹1,005,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 973.75 | 787.25 | 561.46 |
| Revenue | 191.63 | 133.32 | 106.62 |
| Profit After Tax | 31.42 | 16.58 | 9.74 |
| Net Worth | 200.61 | 168.43 | 151.74 |
| Reserves and Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowing | 752.27 | 595.93 | 394.4 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 2024973.75
31 Mar 2023787.25
31 Mar 2022561.46
Period EndedRevenue
31 Mar 2024191.63
31 Mar 2023133.32
31 Mar 2022106.62
Period EndedProfit After Tax
31 Mar 202431.42
31 Mar 202316.58
31 Mar 20229.74
Period EndedNet Worth
31 Mar 2024200.61
31 Mar 2023168.43
31 Mar 2022151.74
Period EndedReserves and Surplus
31 Mar 2024162.46
31 Mar 2023155.54
31 Mar 2022138.96
Period EndedTotal Borrowing
31 Mar 2024752.27
31 Mar 2023595.93
31 Mar 2022394.4
Key Performance Indicator
| ROE | 21.36% |
| ROCE | 19.39% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
| EPS (Rs) | 8.34 |
ROE
21.36%
ROCE
19.39%
Debt/Equity
3.75
RoNW
15.66%
P/BV
2.25
EPS (Rs)
8.34
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 37,71,000 (30%) | NA |
| QIB Shares Offered | 25,14,000 (20%) | NA |
| NII (HNI) Shares Offered | 18,85,500 (15%) | |
| bNII > ₹10L | 12,57,000 (10%) | 718 |
| sNII < ₹10L | 6,28,500 (5%) | 359 |
| Retail Shares Offered | 43,99,500 (35%) | 35,196 |
| Total Shares Offered | 1,25,70,000 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered37,71,000 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered25,14,000 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered18,85,500 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered12,57,000 (10%)
Maximum Allottees718
Investor CategorysNII < ₹10L
Shares Offered6,28,500 (5%)
Maximum Allottees359
Investor CategoryRetail Shares Offered
Shares Offered43,99,500 (35%)
Maximum Allottees35,196
Investor CategoryTotal Shares Offered
Shares Offered1,25,70,000 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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