Open Date
23 Sep 2024
Close Date
25 Sep 2024
Listing Date
30 Sep 2024
Max Investment
₹1,95,000
Price Range
₹120 - ₹120
Lot Size
125
IPO Size
₹150.84Cr
Exchange Symbols
Manba Finance Ltd IPO
₹15,000
/ 125
Cutoff - Lot Size
IPO Dates and Timelines
IPO Size
IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
37,71,000
-
QIB Shares Offered
62,85,000
50.0%
NII (HNI) Shares Offered
18,85,500
15.0%
Retails Shares Offered
43,99,500
35.0%
Total Shares Offered
1,25,70,000
-
Total Shares with Anchor Investor
1,00,56,000
100%
IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
125
₹15,000
Retail (Max)
13
1625
₹1,95,000
S-HNI (Min)
14
1750
₹2,10,000
S-HNI (Max)
66
8250
₹9,90,000
B-HNI (Min)
67
8375
₹10,05,000
IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
99.99%
-
Public Group
0.01%
-
IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
IPO Peers
Peer Name
P/E(x)
RoNW%
IPO Strengths & Risks
Strength
Risks
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).
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.IPO Registrars
MUFG Intime India Pvt Ltd
Phone Number:
91-22-49186000
Email ID:
paytm.ipo@linkintime.co.in
Website:
www.linkintime.co.in
Limited
Manba Finance Limited is a Non-Banking Financial Company - Base Layer (NBFC-BL) regulated by the Reserve Bank of India (RBI) 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 with an AUM size of more than Rs. 90,000 lakhs as on March 31, 2024. About 97.90% of its loan portfolio comprises of New Vehicle Loans with an average ticket size (ATS) of around Rs. 80,000 for two-wheeler loans and an average ticket size (ATS) of around Rs. 1,40,000 for three-wheeler loans. The Company provides financial solutions to its target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. The Company is based out of Mumbai, Maharashtra and operates out of 66 Locations connected to 29 branches across six (6) states in western, central and north India. The COmpany has established relationships with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. As on the date of the red herring prospectus, the company does not have any subsidiary, associate and holding company.
Contact Details
IPO Company Name:
Limited
Phone Number:
+91 22 6234 6598
Email ID:
investorrelation@manbafinance.com
Website:
www.manbafinance.com
Address:
Mumbai, Maharashtra
IPO Overview
: IPO Dates
The IPO opens for subscription on 23 Sep 2024, and closes on 25 Sep 2024. Investors will likely receive their allotment status updates on 26 Sep 2024. Those who get allotted shares can expect them credited to their Demat accounts by 27 Sep 2024. The shares will be officially listed on the stock exchange on 30 Sep 2024.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹120.0 and ₹120.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹150.84 crore and an offer for sale valued at ₹ - crore. The exact listing price will be revealed on 30 Sep 2024, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately - crore.
How to Apply for IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for ?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 23 Sep 2024.
What is the close date of IPO?
- The closing date of IPO is 25 Sep 2024.
What is the issue size of IPO?
- The issue size of IPO is Rs Cr.
What is the lot size of IPO?
- The size per lot of IPO is 125.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 26 Sep 2024.
What is the listing date of IPO?
- IPO will get listed on .
Who is the registrar of IPO?
- The registrar of IPO is MUFG Intime India Pvt Ltd.
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