Is the Manba Finance Limited IPO the investment opportunity you’ve been waiting for?
The upcoming Manba Finance Limited IPO is generating buzz in the financial market, and for good reason! With its opening date set for September 23, 2024, and closing on September 25, 2024, this IPO presents a fresh opportunity for investors looking to dive into the world of non-banking finance. Let’s break down the essential details you need to know.
What is Manba Finance Limited?
Established in 1998, Manba Finance Limited is a non-banking financial company (NBFC) that provides a variety of financial solutions. Their offerings include loans for new two-wheelers, three-wheelers, electric vehicles (EVs), used cars, as well as small business loans and personal loans. The company primarily targets employees and self-employed individuals, tailoring its services to meet their unique needs.
Financial Snapshot
Manba Finance has shown impressive growth in its financials. For the financial year ending March 31, 2024, the company reported:
| Details | Information |
| Revenue (FY24) | ₹191.63 crore |
| Profit After Tax (FY24) | ₹31.42 crore |
| Revenue Growth YoY | 44% |
| PAT Growth YoY | 90% |
| Total Assets (FY24) | ₹973.75 crore |
| Market Capitalization | ₹602.87 crore (Post-IPO) |
Manba Finance Key IPO Details
| Details | Information |
| IPO Size | ₹150.84 crore |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 shares (minimum investment of ₹15,000) |
| Subscription Dates | September 23, 2024 – September 25, 2024 |
| Allotment Date | September 26, 2024 |
| Listing Date | September 30, 2024 |
| Market Cap | ₹602.87 crore |
Investor Categories
The IPO has reserved shares for different investor categories:
| Details | Information |
| Pre-IPO Promoter Holding | 100% |
| Post-IPO Promoter Holding | Expected dilution |
| QIB Allocation | 50% |
| Retail Allocation | 35% |
| NII Allocation | 15% |
This allocation ensures that a significant portion of the shares is available for retail investors, making it an attractive option for individual investors.
Why Consider Investing?
Investing in the Manba Finance Limited IPO could be a smart move for several reasons:
- Strong Financial Growth: The company’s impressive revenue and profit growth indicate a solid business model and market demand for its services.
- Diverse Offerings: With a wide range of financial products, Manba Finance caters to various customer needs, enhancing its market reach.
- Established Network: The company has partnerships with over 1,100 dealers, including more than 190 EV dealers, which positions it well in the growing electric vehicle market.
- Future Capital Needs: The proceeds from the IPO will be used to augment the capital base, ensuring the company can meet future growth requirements.
How to Apply for the IPO
Applying for the Manba Finance Limited IPO is straightforward. You can do it through your bank’s ASBA facility or via your stockbroker. Here’s a simple guide:
- Choose Your Broker: If you don’t have a broker, consider opening an account with a discount broker for lower fees.
- Fill Out the Application: Specify the number of lots you wish to apply for (minimum of 1 lot = 125 shares).
- Submit Your Application: Ensure you have sufficient funds in your account to cover the application amount.
- Wait for Allotment: The allotment will be finalized on September 26, 2024, and shares will be credited to your Demat account by September 27, 2024.
Conclusion
The Manba Finance Limited IPO is shaping up to be an exciting opportunity for investors looking to enter the financial market. With its strong financial performance, diverse offerings, and strategic partnerships, it’s worth considering. Whether you’re a seasoned investor or just starting, keep an eye on this IPO as it approaches its opening date.
Remember, investing always carries risks, so make sure to do your research and consult with a financial advisor if needed. Happy investing!
