MANBA FINANCE
Manba Finance, a Non-Banking Financial Company (NBFC-BL), specializes in providing financial solutions for new and electric two-wheelers, three-wheelers, used cars, small business loans, and personal loans. As of December 31, 2023, the company boasts an asset under management (AUM) of over ₹800 crore, with 99% of its loan book comprising new vehicle loans. The average loan ticket size stands at approximately ₹0.80 lakh.
Headquartered in Mumbai, Manba Finance operates through 65 locations connected to 28 branches across five states in western, central, and northern India. The company has built strong, long-term partnerships with over 850 dealers, including more than 60 electric vehicle (EV) dealers, spread across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh. In recent times, Manba Finance has diversified its portfolio to include used car loans, small business loans, and personal loans.
Manba Finance IPO Details
| Signature Global IPO Details | ||
|---|---|---|
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Manba Finance IPO Dates |
23 – 25 September 2024 |
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Manba Finance Issue Price |
INR 114 – 120 per share |
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Fresh issue |
1,25,70,000 shares (INR 150.84 crore) |
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Offer For Sale |
Nil |
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Total IPO Size |
1,25,70,000 shares (INR 150.84 crore) |
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Minimum bid (size) |
125 shares (INR 15,000) |
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Face Value |
INR 10 per share |
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Retail Allocation |
35% |
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Listing On |
NSE, BSE |
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Manba Finance Financial Performance
| Signature Global Financial Performance | |||
|---|---|---|---|
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FY22 |
FY23 |
FY24 |
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Revenue |
106.59 |
133.32 |
191.59 |
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Expenses |
93.96 |
110.53 |
152.74 |
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Net income |
9.74 |
16.58 |
31.42 |
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Margin (%) |
9.14 |
12.44 |
16.40 |
Figures in INR Crore unless specified otherwise