September 30, 2024
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Manba Finance IPO GMP, Guidance, Subscription Status, allotment & listing details @ Chanakyanipothi.com A legacy of 31 Years.
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Latest updates of Manba Finance IPO Listing
The IPO is listed at Rs. 145 on 30 September 2024. The listing is at premium of 20.83% over the issue price.
What is the last GMP of Manba Finance IPO? For latest GMP, Click
Manba Finance IPO Subscriptions (Closed)Price Rs. 120 Lot 125 shares, Rs. 150.84 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 148.55 | 546.56 | 441.73 | 511.62 | 143.95 | 224.05 |
| Applications: 31,31,623 / (573.56x) Amount wise Bids recd. Rs. ? Crore |
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Who are the promoters of Manba Finance IPO? The Company’s Corporate Promoters are 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).
What are the Objects of Manba Finance IPO?
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
What is the business of Manba Finance? Established in 1998, Manba Finance Limited is a leading non-banking financial company (NBFC-BL) specializing in comprehensive financial solutions. We provide financing for a diverse range of vehicles, including new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, as well as small business and personal loans. It score clientele comprises employees and self-employed individuals. It offers tailored financial products to meet the specific needs of these groups, ensuring customized solutions for each. Typically, it finances up to 85% of the on-road price of the vehicle, with customers contributing the remaining amount. Manba Finance operates through a network of branches in urban, semi-urban, and metropolitan areas, extending services to surrounding rural locations. It has established partnerships with over 1,100 dealers, including more than 190 EV dealers across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. As of March 31, 2024, its dedicated team comprises 1,344 employees, committed to delivering exceptional financial services and support. For more information, click http://www.manbafinance.com/ Manba Finance IPO GMP, Particulars & Guidance
| Manba Finance IPO Details | |
| IPO opens on | 23 September 2024 |
| IPO closes on | 25 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 12,570,000 Shares /Rs 150.84 Cr |
| * Fresh Issue | 12,570,000 Shares /Rs 150.84 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 114-120 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 125 Shares |
| Listing will at | BSE only |
| Shares offered in Manba Finance? | Shares | Rs. in Cr |
| QIB (50 %) | 62,85,000 | 75.42 |
| NII (15 %) | 18,85,500 | 22.63 |
| RII (35 %) | 43,99,500 | 52.79 |
| Employees | ? | ? |
| Total Shares | 12,570,000 | 150.84 |
| Retail portion will be oversubscribed by | 35196 Forms. | |
| How to apply in Manba Finance IPO? | Amount Rs. | |
| Min Retail Application | 125 Shares | 15000 |
| Max Retail Application | 1625 Shares | 195000 |
| Small HNI (Min) application | 1750 Shares | 210000 |
| Small HNI (Max) application | 8250 Shares | 990000 |
| Big HNI Application | 8375 Shares | 1005000 |
| What is the timetable of Manba FinanceIPO? | |
| IPO opens on | 23 September 2024 |
| IPO Closes on | 25 September 2024 |
| IPO Allotment on | 26 September 2024 |
| Unblocking of ASBA | 26 September 2024 |
| Credit of Shares | 27 September 2024 |
| Listing on | 30 September 2024 |
| Registered Office of Manba Finance | |
| Manba Finance Limited 324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai – 400 080 | |
| Who are the Lead Managers of Manba Finance IPO? Hem Securities Limited | |
| Registrar to IPO | |
| Link Intime India Private Ltd |
| Manba Finance IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 106.62 | 9.74 | 2.59 | – |
| 2022-23 | 133.32 | 16.58 | 4.40 | – |
| 2023-24 | 191.63 | 31.42 | 8.34 | 15.66 |
| Book Value of the Share on 31.03.2024 | Rs. | 53.26 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 120 | ||
| Manba Finance IPO Ratio Analysis | |
| Price /EPS | 14.38 |
| Price/Book Value Ratio | 2.25 |
| Price/BV after IPO | ? |
Manba Finance IPO compares with the Peers? Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Manba Finance | 14.38 | ||
| Baid Finserve | 13.65 | ||
| Arman Financial Services | 8.57 | ||
| Mas Financial Service | 18.13 | ||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Manba Finance IPO Review * by Paresh Gordhandas, CA & Research Analyst. Established in 1998, Manba Finance Limited is a leading non-banking financial company (NBFC-BL) specializing in comprehensive financial solutions Size: The IPO size is very small and oversubscription will smooth affair. Financial Snapshot & Guidance: The company has small profits. For a small size finance company, it is bit difficult to compete wit large players with huge funds and multilocation branches. The IPO has not much fancy or attraction. * Disclosure: ? Quicklinks
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