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Open
23 Sep 2024
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Close
25 Sep 2024
3
Allotment
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Listing
Mon, Sep 30, 2024
Price Band
₹114 to ₹120
Issue Size
1,25,70,000 shares (agg. up to ₹151 Cr)
Lot Size
125 Shares
Listing Date
Mon, Sep 30, 2024
Latest GMP
₹33
Est. Gain
27.5%
✦ AI Insight
GMP Trend
30-09-2024₹33Est. ₹153+27.5%
29-09-2024₹33Est. ₹153+27.5%
28-09-2024₹38Est. ₹158+31.67%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 154.70x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 973.75 | 787.25 | 561.46 |
| Total Income | 191.63 | 133.32 | 106.62 |
| Profit After Tax | 31.42 | 16.58 | 9.74 |
| NET Worth | 200.61 | 168.43 | 151.74 |
| Reserves and Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowing | 752.27 | 595.93 | 394.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Northern Arc Capital Ltd. | Mainboard | ₹777.00 Cr | ₹263 | 11.78 | ₹323.40 | +22.97% | ₹314.30 (-0.76%) |
| Akme Fintrade (India) Ltd. | Mainboard | ₹132.00 Cr | ₹120 | null | ₹133.35 | +11.12% | ₹9.46 (+2.37%) |
| Fedbank Financial Services Ltd. | Mainboard | ₹1,092.26 Cr | ₹140 | 25.04 | ₹140.25 | +0.18% | ₹161.39 (-2.12%) |
| IBL Finance Ltd. | SME | ₹33.41 Cr | ₹51 | 48.08 | ₹58.80 | +15.29% | ₹61.00 (+1.67%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of our capital base to meet the future capital requirements | 130.76 |
About Manba Finance IPO
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.+ Read More
Contact Details
Manba Finance Ltd. Address324, Runwal Heights Commercial ComplexL.B.S Marg, Opp.Nirmal LifestyleMulund (West)Mumbai, Maharashtra, 400080+91 22 6234 6598investorrelation@manbafinance.comVisit Website