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Manba Finance Limited
Issue Size (Net)
up to Rs.150.84 Cr
Price Band
Rs.114 to Rs.120 per share
Issue Opens
September 23, 2024
Issue Closes
September 25, 2024

Company Highlights

1.Company Information

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.

3.Manba Finance IPO Registrar
Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: manbafinanceipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Manba Finance Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-24
973.75
191.63
31.42
200.61
162.46
752.27
31-Mar-23
787.25
133.32
16.58
168.43
155.54
595.93
31-Mar-22
561.46
106.62
9.74
151.74
138.96
394.4
Amount in Rs. Crore

Manba Finances IPO Details

Issue Opening Date
September 23, 2024
Issue Closing Date
September 25, 2024
Face Value
Rs.10 per share
Price
Rs.114 to Rs.120 per share
Lot Size
125 Shares
Issue Size
12,570,000 shares(aggregating up to Rs.150.84 Cr)
Fresh Issue
12,570,000 shares(aggregating up to Rs.150.84 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Manba Finance IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Monday, September 23, 2024
Closing 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

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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