What is the issue size of Manba Finance Ltd IPO?

The issue size of the Manba Finance Ltd IPO is 1508400000.00.

What is 'pre-apply' for Manba Finance Ltd IPO?

Pre-apply will allow you to apply for the Manba Finance Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Manba Finance Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Manba Finance Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Manba Finance Ltd IPO order is placed?

We will notify you when your Manba Finance Ltd IPO order is placed with the exchange.

What are the open and close dates of the Manba Finance Ltd IPO?

Manba Finance Ltd IPO will be open between 23 Sep '24 and 25 Sep '24.

What is the lot size and minimum order quantity of the Manba Finance Ltd IPO?

Manba Finance Ltd IPO lot size is 125 and minimum order quantity is 1750.

What is the allotment date for the Manba Finance Ltd IPO?

Manba Finance Ltd IPO allotment date is 26 Sep '24. For Manba Finance Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Manba Finance Ltd IPO?

For Manba Finance Ltd, the IPO registrar is Link Intime India Pvt Ltd. You can check Manba Finance Ltd IPO allotment status on the website of the registrar.

Where is the Manba Finance Ltd IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Manba Finance IPO

Manba Finance Ltd

₹14,250 /125 sharesMinimum Investment

Manba Finance IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹120.00₹145.00₹25.00 (20.83%)
Manba Finance IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
23 Sep ‘24 - 25 Sep ‘24₹14,250125₹114 - ₹120
Issue SizeIPO Doc
150.84CrRHP PDF
Subscription rateAs of 25 Sep'24, 05:00 PM
Qualified Institutional Buyers148.55x
Non-Institutional Investor504.94x
Retail Individual Investor126.44x
Total213.87x
About Manba Finance
Manba Finance is a non-banking financial company-base layer (NBFC-BL). It offers financing solutions for the purchase of new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (e2Ws), electric three-wheelers (e3Ws), and used cars, as well as small business loans and personal loans.
The company’s primary target audience is salaried individuals and self-employed professionals. The company claims that it customises the offerings based on the category of the customer and tailors the schemes accordingly. Typically, Manba Finance covers up to 85% of the vehicle's on-road purchase price, with the customer expected to contribute the remaining amount.;Founded in
1996
Managing director
Mr. Manish Kiritkumar Shah
Parent organisation
Manba Finance Ltd
Strengths & Financials of Manba FinanceStrengths
Risks
The company operates across 66 locations and is connected through 29 branches. 
Manba Finance has partnerships with over 1,100 dealers, including over 190 electric vehicle (EV) dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
The company sources funding from different channels, including term loans and cash credit facilities from public and private sector banks, small finance banks, and other financial institutions. The company also issues privately placed listed and unlisted non-convertible debentures (NCDs) and engages in PTC transactions to meet its capital needs.
Manba Finance claims to have developed systems and processes for sales, risk management, and collections. These are either managed in-house or sourced from service providers. This ensures better service monitoring and quality control while also reducing turnaround time for loan approvals, sanctions, and disbursements.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 106.59 crore in FY22 to Rs 133.32 crore in FY23 to Rs 191.59 crore in FY24, while PAT increased from Rs 9.74 crore in FY22 to Rs 16.58 crore in FY23 to Rs 31.42 crore in FY24.
Manba Finance Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Manba Finance IPOApply asPrice bandApply upto
Regular₹114 - 120₹2 Lakh
High Networth Individual₹114 - 120₹2 - 5 Lakh
For Manba Finance IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹120.00	₹145.00	₹25.00 (20.83%)

Bidding Dates	Min. Investment	Lot Size	Price Range
23 Sep ‘24 - 25 Sep ‘24	₹14,250	125	₹114 - ₹120

Issue Size	IPO Doc
150.84Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹114 - 120	₹2 Lakh
High Networth Individual	₹114 - 120	₹2 - 5 Lakh

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Qualified Institutional Buyers	148.55x
Non-Institutional Investor	504.94x
Retail Individual Investor	126.44x
Total	213.87x