Manba Finance Limited
|
Lot Size
1 Lot = 125 Qty |
Min Investment
₹15000 |
|
Subscription
Oversubscribed |
Listing Gain
37(Points) |
IPO Details
|
Open Date
Sep 23, 2024 |
Close Date
Sep 25, 2024 |
Allotment Date
Sep 26, 2024 |
|
Allotment Date
Sep 26, 2024 |
Refund Initiation
Sep 26, 2024 |
Demat Transfer
Sep 27, 2024 |
|
Listing Date
Sep 30, 2024 |
Fresh Issue
150.84 |
Offer For Sale
0 |
|
Issue Price
₹114 to ₹120 |
Face Value
₹10 |
Issue Type
Fresh Issue |
|
Total Issue Size
150.84 CR |
QIB + NII Quota
50 + 15% |
Retail Quota
35% |
|
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
| PERIOD | ASSET | REVENUE | PROFIT |
|---|---|---|---|
| 31-Mar-2024 | 973.75 | 191.63 | 31.42 |
| 31-Mar-2023 | 787.25 | 133.32 | 16.58 |
| 31-Mar-2022 | 561.46 | 106.62 | 9.74 |
About Manba Finance Limited
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. \
Manba Finance Limited is a Non-Banking Financial Company (NBFC) specialising in financing solutions for various needs such as new 2-wheelers, 3-wheelers, electric vehicles (2-wheelers and 3-wheelers), used cars, small business loans, and personal loans. With an Asset Under Management (AUM) exceeding ₹80,000 lakh as of December 31, 2023, they primarily focus on new vehicle loans, which constitute about 99% of its loan portfolio, with an average ticket size of ₹0.80 lakh.
Headquartered in Mumbai, Maharashtra, Manba Finance operates across 65 locations connected to 28 branches in 5 states in western, central, and north India. They have built strong relationships with over 850 dealers, including more than 60 electric vehicle dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh.