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Manba Finance IPO Date, Review, Price, Allotment Details
Manba Finance IPO is opening for subscription on September 23, 2024, and closing on September 25, 2024. This Main-board IPO aims to raise ₹150.84 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Manba Finance IPO is fixed at ₹114 – ₹120 per Share, with a market lot of 125 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Manba Finance IPO Allotment will done on September 26, 2024, and Manba Finance IPO listing date is September 30, 2024.
Manba Finance Company Profile
Manba Finance Limited is a prominent Non-Banking Financial Company (NBFC) based in Maharashtra, India. Established to provide diverse financial solutions, the company focuses on catering to various segments of the finance market. With a robust operational network and a broad portfolio of services, Manba Finance plays a significant role in offering financial products to both individuals and small businesses.
Business Focus:
Manba Finance specializes in a range of financial services, including:
- Loans for Two-Wheelers (2Ws): Providing financing options for new and used two-wheelers, including motorcycles and scooters.
- Loans for Three-Wheelers (3Ws): Financing solutions for auto-rickshaws and other three-wheeled vehicles.
- Electric Vehicles (EVs): Loans for both electric two-wheelers (EV2Ws) and electric three-wheelers (EV3Ws), supporting the growing trend towards sustainable transportation.
- Used Car Loans: Financial products aimed at helping customers purchase pre-owned vehicles.
- Small Business Loans: Loans designed to support small businesses with their funding needs.
- Personal Loans: Unsecured loans for various personal expenses and needs.
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Manba Finance IPO Objectives
The funds raised through the IPO will be utilized for:
- Augmenting additional working capital requirements
- General Corporate Purposes
Manba Finance IPO Key Details
- Manba Finance IPO Open Date: September 23, 2024
- Manba Finance IPO Close Date: September 25, 2024
- Manba Finance IPO Size: Approximately ₹150.84 Crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Manba Finance IPO Price Band: ₹114 – ₹120 per Equity Share
- Manba Finance IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Manba Finance IPO Timeline
- Manba Finance IPO Open Date: September 23, 2024
- Manba Finance IPO Close Date: September 25, 2024
- Basis of Allotment: September 26, 2024
- Refunds: September 27, 2024
- Credit to Demat Account: September 27, 2024
- Manba Finance IPO Listing Date: September 30, 2024
How to Apply for Manba Finance IPO
Investors can apply for the Manba Finance IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Manba Finance Financial Performance (in Crores)
- Year 2022: Revenue ₹106.62, Expense ₹93.96, PAT ₹9.74, Assets ₹561.46
- Year 2023: Revenue ₹133.32, Expense ₹110.53, PAT ₹16.58, Assets ₹787.27
- Year 2024: Revenue ₹191.63, Expense ₹152.74, PAT ₹31.42, Assets ₹973.77
Manba Finance Valuation FY2023
- Earnings Per Share (EPS): ₹8.34 (Basic)
- Return on Equity (ROE): 15.66%
- Return on Capital Employed (ROCE): 19.39%
- EBITDA Margin: 65.38%
- Debt to Equity Ratio: 3.75
- Net Asset Value (NAV): ₹53.26
Manba Finance Peer Group
- Baid Finserv Limited: EPS ₹1.08, PE Ratio 13.65, RoNW 7.75%, NAV ₹13.89, Income ₹66.36 Cr
- Arman Financial Services Limited: EPS ₹195, PE Ratio 8.57, RoNW 21.36%, NAV ₹775.70, Income ₹661.53 Cr
- MAS Financial Services Limited: EPS ₹15.31, PE Ratio 18.13, RoNW 14.25%, NAV ₹108.71, Income ₹1,285.68 Cr
Manba Finance Company Promoters
- Manba Investments and Securities Private Limited
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP
- Manish Kiritkumar Shah (HUF)
Manba Finance IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: manbafinanceipo@linkintime.co.in
Manba Finance IPO Allotment Status Check
- Check the Manba Finance IPO allotment status on the Link Intime India website.
Manba Finance IPO Allotment Link
- Check the Manba Finance IPO allotment on the Check ipo Allotment website.
Manba Finance IPO Lead Managers (Merchant Bankers)
- Hem Securities Limited
Manba Finance Company Address
324, Runwal Heights Commercial Complex,
L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West)
Mumbai,Maharashtra-400080 India
Website: http://www.manbafinance.com/
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Manba Finance IPO FAQs
What is Manba Finance IPO?
Manba Finance IPO is a Main-board IPO. They are going to raise ₹150.84 Crores via IPO. The issue is priced at ₹114 – ₹120 per equity share. The IPO is to be listed on NSE & BSE.
When will the Manba Finance IPO open?
The IPO is to open on September 23, 2024, for NII, and Retail Investors.
What is Manba Finance IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Manba Finance IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Manba Finance IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Manba Finance IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Manba Finance IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. 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 Demat Account with Motilal Oswal.
What is Manba Finance IPO Size?
Manba Finance IPO size is ₹150.84 Crores.
What is Manba Finance IPO Price Band?
Manba Finance IPO Price Band is ₹114 – ₹120 per equity share.
What is Manba Finance IPO Minimum and Maximum Lot Size?
The IPO bid is 125 Shares with ₹15,000.
What is Manba Finance IPO Allotment Date?
Manba Finance IPO allotment date is September 26, 2024.
What is Manba Finance IPO Listing Date?
Manba Finance IPO listing date is September 30, 2024. The IPO to list on NSE & BSE.
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