Manba Finance Limited is a Mumbai-based Non-Banking Financial Company (NBFC) primarily focused on providing two-wheeler loans. Established in 1996, it has carved out a niche in the retail lending segment, particularly in financing two-wheelers. The company operates in various parts of India, offering a range of financing solutions, including loans for new two-wheelers, used two-wheelers, and refinancing options.
Key Aspects of Manba Finance:
- Business Focus:
- Primarily offers financing solutions for two-wheelers.
- Expanding into personal loans, business loans, and other small-ticket finance products.
- Customer Base:
- Targets individuals looking for small loans, especially those in the low- and middle-income segments.
- Known for quick processing and flexible loan structures.
- Technology Integration:
- Leverages digital platforms for loan processing and approval, making it easier for customers to apply and manage loans online.
- Offers services through both online and offline channels to reach a broader audience.
- Regional Presence:
- Mainly active in Maharashtra, with significant operations in cities like Mumbai, Pune, and surrounding areas.
- Expanding to other states in India gradually.
- Loan Offerings:
- Two-wheeler financing is its flagship product, with customizable EMI options.
- Provides loans to self-employed individuals and those with minimal formal income documentation, targeting a large unbanked segment.
- Reputation:
- Known for offering competitive interest rates and quick loan disbursement.
- Enjoys a strong partnership with major two-wheeler dealerships, enhancing accessibility for customers.
Manba Finance Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 23 Sep 2024 |
| IPO Close Date | 25 Sep 2024 |
| Allotment Date | 26 Sep 2024 |
| IPO Listing Date | 30 Sep 2024 |
Manba Finance Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 114 to Rs. 120 Per Equity Share |
| Market Lot | 125 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 151 Crore. |
Manba Finance Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 125 | Rs. 15000 |
| Maximum | 13 | 1625 | Rs. 195000 |
| Small HNI (Minimum) | 14 | 1750 | Rs. 210000 |
| Big HNI (Minimum) | 67 | 8375 | Rs. 1005000 |
Manba Finance Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 973.75 | 787.25 | 561.46 |
| Total Revenue | 191.63 | 133.32 | 106.62 |
| Profit After Tax | 31.42 | 16.58 | 9.74 |
Company Promoters:
The Company’s Corporate Promoters are Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Manba Infotech LLP and Manish Kiritkumar Shah (HUF).
Objects of this Issue:
- The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Manba Finance Limited 324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai – 400 080 Phone: +91 22 6234 6598 Email: investorrelation@manbafinance.com Website: http://www.manbafinance.com | 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 |
