Manba Finance IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Manba Finance

CMP

133.60

-1.56 (-1.15%)

  • DRHP
₹120

Offer Price

₹ 150.84 Cr

Issue Size

₹ 15,000

Min Investment

224.05x

Times Subscribed

125

Lot size

Time Line

  • 23
    Sep 2024
    Open
  • 25
    Sep 2024
    Close
  • 26
    Sep 2024
    Finalisation of Basis of Allotment
  • 26
    Sep 2024
    Initiation of Refunds
  • 27
    Sep 2024
    Transfer of Shares to Demat Account
  • 30
    Sep 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Increasing penetration in existing markets and diversifying into new markets.

  • Continue focus on vehicle finance and the growing 2Ws/3Ws/EV2Ws/EV3Ws market.

  • Diversifying its portfolio into Used Car Loans, Small Business Loans and Personal Loans.

  • Leveraging its existing Branch and location setup by adding new products.

  • Continue to invest in technology and digitization initiatives to enhance its operating model and improve customer experience.

Products & Services

  • The Company is a Non-Banking Financial Company providing financial solutions for New two-wheeler (2Ws), three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans.

Strengths

  • Established relationships with more than 1100 Dealers.

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

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

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

  • Wide collections infrastructure and processes leading to maintenance of the Company`s asset quality.

Risks

  • 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.

  • 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.

  • 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.

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

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
99.99%
Pre Holding

99.99%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 106.59 (1.10%) 133.32 (25.10%) 191.60 (43.70%)
Gross Profit 15.82 (0.80%) 25.46 (60.90%) 43.14 (69.40%)
Net Income 9.43 (4.00%) 15.21 (61.30%) 31.18 (105.00%)
Assets 547.87 (5.10%) 774.39 (41.40%) 963.39 (24.40%)
Liabilities 395.44 (4.50%) 607.60 (53.70%) 762.78 (25.50%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Manba Finance Ltd 191.60 31.18 963.39 762.78 15.66 0.00 53.25 13.03 0.79
Baid Finserv Ltd 65.92 12.92 426.12 426.12 7.74 1.08 13.89 3.03 1.45
Arman Financial Services Ltd 661.46 173.57 2,635.06 2,635.06 21.35 195.00 775.70 6.58 1.72
MAS Financial Services Ltd 1,279.16 251.05 9,547.34 9,547.34 14.08 15.31 110.90 2.62 4.17

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

324 Runwal Heights Commercial,
Complex,LBS Marg Mulund West,
Mumbai - 400080
Phone : +91 22 6234 6598 Email : investorrelation@manbafinance.com www.manbafinance.com

Offer Related Information

Initial public offering of up to 1,25,70,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Manba Finance Limited ("The Company" or "Issuer") for cash at a price of Rs. 120 per equity share (including a premium of Rs. 110 per equity share) ("Issue Price") aggregating up to Rs. 150.84 crores ("Issue"). The issue comprises a fresh issue of up to 1,25,70,000 equity shares aggregating up to Rs. 150.84 crores ("Issue"). The issue shall constitute 25.02 % of the post-issue paid-up... More

News

  • No Data Found.

Manba Finance FAQ's

The shares of Manba Finance were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Manba Finance IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Manba Finance public issue was 125 shares.

The price band of the IPO of Manba Finance was Rs. 114 to Rs. 120 per equity share.

Manba Finance IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Manba Finance IPO.

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