IPO Details
Bidding Dates
23 Sept 24 - 25 Sept 24
Price Range ₹
114 - 120
Total Equity
₹ 150.84Cr
Lot Size
125
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
144.03×
Qualified Institutional Buyers
148.55×
Employees
0.00×
Retail Investors
144.03×
Total subscription Rate
224.10×
IPO Timeline
Offer start
23 Sept 2024
Offer end
25 Sept 2024
Allotment
26 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
27 Sept 2024
Listing
30 Sept 2024
Offer start
23 Sept 2024
Offer end
25 Sept 2024
Allotment
26 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
27 Sept 2024
Listing
30 Sept 2024
About Company
Manba Finance Limited, established in 1998, is a non-banking finance company (NBFC-BL) that provides a range of financial solutions, including financing 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 primarily targets (i) employees and (ii) self-employed individuals, offering customized financing programs tailored to these customer segments. Typically, the company finances up to 85% of a vehicle's on-road price, with the customer expected to contribute the remaining amount. Operating through branches in urban, semi-urban, and metropolitan areas, the company also serves surrounding rural regions. Manba Finance has built relationships with over 1,100 dealers, including more than 190 EV dealers across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. As of March 31, 2024, the company employed 1,344 people.
Year Founded
31-05-1996
Promotor Details
Nallepilly Ramaswami Parameswaran
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 37669410 | 0 |
Offer to Public
1,25,70,000.00 Cr
Highlights
- Partnerships with over 1,100 dealers, including 190 EV dealers, across multiple states, strengthens market reach and customer access.
- Access to multiple funding channels such as term loans, cash credit facilities, NCDs, and PTC transactions ensures capital availability.
- In-house and outsourced systems for sales, risk management, and collections lead to better service quality and quicker loan approvals.
- Strong revenue growth and increasing profit margins indicate the company’s financial stability and success in scaling operations.
- A substantial network of EV dealers positions the company to capitalize on the growing demand for electric vehicles.
Challenges
- The company's reliance on dealers for a significant portion of its business exposes it to risks if dealer relationships deteriorate.
- With 97.90% of AUM tied to new vehicle loans, the limited diversification in loan products may hinder future growth and increase financial vulnerability.
- The company’s operations are heavily reliant on maintaining access to cost-effective funding, any disruption could impact performance.
- Ongoing legal proceedings involving the company, its promoters, and directors pose potential business risks in case of adverse judgments.
- A large share of loans is disbursed to first-time borrowers, increasing the risk of default, which could negatively affect the company’s financial health.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2019 | 5,06,49,45,700.00 | 9,43,91,350.00 | 14,33,38,160.00 | 14,33,38,160.00 | 4.2897 |
| 2018 | 3,33,92,80,100.00 | 7,98,27,850.00 | 6,32,65,180.00 | 6,32,65,180.00 | 3.1273 |
| 2017 | 2,25,32,35,200.00 | 5,71,47,440.00 | 14,33,38,160.00 | 14,33,38,160.00 | 4.2897 |
