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Manba Finance IPO Review, valuation, Date

Manba Finance Ltd., established in 1998, is launching its Mainboard IPO worth Rs. 150.84 crore. The company is a non-banking financial institution (NBFC) specializing in loans for small businesses, personal loans, and financing for electric vehicles, both two-wheelers and three-wheelers, as well as new and used two-wheelers

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Manba Finance IPO Review, valuation, Date

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  1. Manba Finance IPO: Review, valuation, Date Manba Finance Ltd., established in 1998, is launching its Mainboard IPO worth Rs. 150.84 crore. The company is a non-banking financial institution (NBFC) specializing in loans for small businesses, personal loans, and financing for electric vehicles, both two-wheelers and three-wheelers, as well as new and used two-wheelers. Manba Finance ipo  primarily targets workers and independent contractors, o?ering tailored financing options. The company typically finances up to 85% of a vehicle’s on-road price. With over 1,100 dealer partnerships, including 190 EV dealers, Manba operates in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. Manba Finance IPO Details: IPO Size: Rs. 150.84 crore Shares O?ered: 1.26 crore shares Issue Type: Book Built Price Band: Rs. 114 - Rs. 120 per share IPO Dates: September 23 – September 25, 2024

  2. Listing Date: September 30, 2024 (BSE, NSE) The IPO allocation includes 35% for retail investors, 50% for institutional investors, and 15% for non-institutional investors. Financial Performance (FY 2024): Total Assets: Rs. 973.75 crore Revenue: Rs. 191.63 crore PAT: Rs. 31.42 crore Manba Finance  has shown steady growth, with revenue increasing by 44% and profit after tax (PAT) rising by 90% compared to the previous fiscal year. IPO Objectives: The proceeds will be used to meet the company’s capital needs and for future expansion.

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