Issue Price
₹120
Per Share
GMP
NIL
Grey Market
Est. Listing
₹120
Expected Price
Min. Application
₹30,000
2 lots × 125 shares
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.
Manba Finance Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 12,570,000 | 100.00% | ₹150.84 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹195,000 |
| sNII (Min) | 14 | 1,750 | ₹210,000 |
| bNII (Min) | 68 | 8,500 | ₹1,020,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 191.63 | 133.32 | 106.62 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 31.42 | 16.58 | 9.74 |
| Net Worth | 200.61 | 168.43 | 151.74 |
| Total Assets | 973.75 | 787.25 | 561.46 |
| Reserves & Surplus | 162.46 | 155.54 | 138.96 |
| Total Borrowings | 752.27 | 595.93 | 394.40 |