Manba Finance IPO GMP Today, Manba Finance IPO Grey Market Premium Updates | Manba Finance IPO, Latest target, Opening gain
Manba Finance IPO began on 23 September 2024. It will close on 25 September 2024. The Total IPO Size is ₹150.84 Crore Approx. The company set its IPO price is ₹114 to ₹120 per share Per Share. There are three basic categories in Manba Finance IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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 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.
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.
As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance IPO Details:
| Issuer | Manba Finance IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 23 September, 2024 | |
| Issue Closes: 25 September, 2024 | ||
| Price Brand | ₹114 to ₹120 per share | |
| Issue Size | ₹150.84 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 125 Shares | |
| Retail (Max) | ₹195,000 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 12,570,000 shares | |
Manba Finance IPO GMP Rates day by day
Manba Finance IPO Market Lot:
| 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 |
Manba Finance IPO Date, Allotment & Listing:
| Manba Finance IPO Opening Date: | September 23, 2024 |
| Manba Finance IPO Closing Date: | September 25, 2024 |
| Basis of Allotment: | September 26, 2024 |
| Initiation of Refunds: | September 26, 2024 |
| Credit to Demat Account: | September 27, 2024 |
| Listing Date: | September 30, 2024 |
Manba Finance Limited Financial Information (Restated)
Manba Finance Limited’s revenue increased by 44% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Manba Finance IPO is Rs 602.87 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
Objects of the Issue (Manba Finance IPO Objectives)
Manba Finance IPO ALLOTMENT STATUS
How to Apply for Manba Finance IPO?
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How to Apply Manba Finance IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Manba Finance”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Manba Finance IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Manba Finance”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Manba Finance IPO?
Manba Finance IPO is a main-board initial public offering of 12,570,000 Equity shares of the face value of ₹10 aggregating up to ₹150.84 Crores. The issue price of the IPO is ₹114 to ₹120 Per Equity Share. The minimum order quantity is 125 Shares per application and the offer type is Book Built Issue. The IPO opens on September 23, 2024 and closes on September 25, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Manba Finance IPO opens on September 23, 2024 and closes on September 25, 2024.
How to apply for Manba Finance IPO?
You can apply in Manba Finance IPO online using either UPI or ASBA as payment method .Hem Securities Limited is the book running lead manager of the Manba Finance IPO, while Link Intime India Private Ltd is the registrar for the issue.
When Manba Finance IPO allotment?
The finalization of Basis of Allotment for Manba Finance IPO will be done on September 26, 2024, and the allotted shares will be credited to your demat account by September 27, 2024.
Check the Manba Finance IPO allotment status.
When is Manba Finance IPO listing date?
The Manba Finance IPO listing date is not yet announced. The tentative date of Manba Finance IPO listing is September 30, 2024.
What is the lot size of Manba Finance IPO?
Manba Finance lot size is 125 Shares and the minimum order quantity is 1 Share.