Introduction to Manba Finance IPO 2024
The Manba Finance IPO is an exciting opportunity for investors, offering a book-built issue worth ₹150.84 crores. The entire issue consists of a fresh issue of 1.26 crore shares. The IPO opens on September 23, 2024, and closes on September 25, 2024. Investors can expect the allotment of shares by September 26, 2024, with the listing date tentatively set for September 30, 2024.
The Manba Finance IPO price band is set between ₹114 to ₹120 per share, and the minimum lot size is 125 shares. The IPO will be listed on both the BSE and NSE. Investors are eager to learn more about the Manba Finance IPO Grey Market Premium (GMP) and the potential gains it might offer.
Manba Finance IPO Details
| Particulars | Details |
|---|---|
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | September 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Issue Size | ₹150.84 Crores |
| Fresh Issue | ₹150.84 Crores |
| Listing At | BSE, NSE |
| Minimum Investment (Retail) | ₹15,000 |
| Registrar | Link Intime India Private Ltd |
Manba Finance IPO Timeline
| Event | Date |
|---|---|
| IPO Opening Date | September 23, 2024 |
| IPO Closing Date | September 25, 2024 |
| Basis of Allotment | September 26, 2024 |
| Initiation of Refunds | September 26, 2024 |
| Credit of Shares to Demat | September 27, 2024 |
| IPO Listing Date | September 30, 2024 |
Manba Finance IPO Price and Lot Size
| 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 | 67 | 8,375 | ₹1,005,000 |
The Manba Finance IPO price band is between ₹114 and ₹120 per share, offering a flexible investment range for different investor categories.
Manba Finance IPO Grey Market Premium (GMP)
The Manba Finance IPO GMP provides insights into the premium at which shares are traded before the IPO listing. Investors keen on monitoring the GMP can check real-time updates on IPO GMP for the latest trends.
Manba Finance IPO Allotment Status
The basis of allotment for the Manba Finance IPO is expected to be finalized by September 26, 2024. Investors can check the allotment status via the IPO Allotment page after the finalization date. Shares will be credited to successful applicants’ demat accounts by September 27, 2024.
Company Overview: Manba Finance Limited
Manba Finance Limited, established in 1998, is a non-banking finance company (NBFC-BL) offering financial solutions for various vehicles, including two-wheelers (2Ws), three-wheelers (3Ws), electric vehicles (EV2Ws and EV3Ws), used cars, small business loans, and personal loans. The company serves a vast customer base, with a focus on self-employed individuals and salaried professionals.
Operating in urban, semi-urban, and rural areas, Manba Finance has established relationships with over 1,100 dealers, including 190 EV dealers across states like Maharashtra, Gujarat, and Uttar Pradesh.
Key Financial Highlights (As of March 31, 2024):
- Revenue: ₹191.63 Cr (44% growth YoY)
- Profit After Tax (PAT): ₹31.42 Cr (90% growth YoY)
- Total Borrowing: ₹752.27 Cr
For a detailed financial comparison of Manba Finance with its peers, visit IPO Peer Comparison.
Manba Finance IPO Promoter Holding
| Particulars | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Promoter Holding | 100% | To be updated |
Promoter Details:
The key promoters include Manba Investments, Avalon Advisory, and Manba Infotech LLP.
How to Apply for Manba Finance IPO
Investors can apply for the Manba Finance IPO using UPI or ASBA (through net banking). For a detailed guide on how to apply, visit our IPO Forms page.
Manba Finance IPO FAQs
What is the Manba Finance IPO date?
The Manba Finance IPO opens on September 23, 2024, and closes on September 25, 2024.
When will the allotment be finalized?
The basis of allotment for Manba Finance IPO will be finalized on September 26, 2024. You can check the status on our IPO Allotment page.
What is the Manba Finance IPO price band?
The price band for the IPO is set at ₹114 to ₹120 per share.
How to check the GMP of Manba Finance IPO?
The GMP can be checked on our GMP page for real-time updates.
- Stay updated with the upcoming IPOs.
- Learn about the IPO subscription status.
- Check out our IPO allotment tips.
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Disclaimer: The information provided in this blog is based on the latest details available as of 2024. Please refer to the official RHP and regulatory documents for more accurate information.
