Mumbai-based Manba Finance is an NBFC that offers loans for a variety of purpose – financing two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers (auto rickshaws), pre-used vehicles, personal loans and credit for small businesses.
The company nurtures a network with close to 200 dealers of electric vehicles and 1,100 dealers of ICE (internal combustion engines) vehicles in the states of Uttar Pradesh, Madhya Pradesh, Maharashtra, Gujarat, Rajasthan and Chhattisgarh.
Manba Finance IPO price, GMP
The management targets to mop up Rs 150.84 crore by selling 1.26 crore fresh shares. Bidding will begin on Monday, September 26. The date for allotment has been fixed on September 30. Listing is scheduled on both BSE and NSE on October 3.
One equity share has been priced at Rs 114-120. Any retail investor has to apply for a minimum lot of 125 shares which will require him/her to commit Rs 15,000 at the upper end of the price band. For an HNI, the lot and price are just double of the amount for retail investors.
The GMP time series data shows rock-solid enthusiasm for the issue from the investors. It has remained steady at Rs 60 on September 20-23 indicating 50% listing gains, considering Rs 120 as the price of an equity share, according to investorgain. However, one has to bear in mind that GMP is an unofficial estimate and can change with time.
Manba Finance Financials
The company has recorded rising PAT over the past 3 years – FY24, FY23 and FY22. The PAT has stood at Rs 31.42 crore, 16.58 crore and Rs 9.74 crore in these 3 years respectively.
The revenues were Rs 973.75 crore, Rs 787.25 crore and Rs 106.62 crore in FY24, FY23 and FY22. The total borrowing of Manba Finance stood at Rs 752.27 crore, Rs 595.93 crore and Rs 394.4 crore in these 3 years respectively. The debt-equity ratio is at 3.75. while return on networth is 15.66%.
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Manba Finance IPO: Monday, September 23 marks the last week of an extremely busy month on IPO Street with as many as 10 issues swamping the investors in a space of 7 days. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
