MANBA FINANCE LIMITED

23 Sep 2024 - 25 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹15000

Price Band

₹114-₹120

Issue Size

87.99 lakhs
Equity Shares

Lot Size

125

IPO Dates
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23 Sep 2024

Open Date

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25 Sep 2024

Close Date

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26 Sep 2024

Allotment Date

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30 Sep 2024

Listing Date

Manba Finance IPO is open for subscription starting Monday, Sep 23, 2024 and closing on Wednesday, Sep 25, 2024. The price of this upcoming IPO is decided at Rs 114 to Rs 120 per share. The minimum lot size for the retail category is 125 shares. The minimum lot size for small NII is 14 lots consisting of 1750 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 8,375 shares. The minimum investment required for retail category investors is Rs 15,000 ( 120 x 125 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,874 (120 x 1750 shares) for big non-institutional investors, it is Rs 10,04,397 (120 x 8,375 shares). Manba Finance IPO is a book-built issue of Rs 150.84 crores. This issue is a fresh issue of 1.26 crore shares. The allotment for this IPO is expected to be finalised on Thursday, September 26, 2024. Manba Finance Limited's IPO will be listed on BSE exchange only, and the listing date is fixed for Monday, September 30, 2024. Hem Securities Limited are the book-running lead managers of Manba Finance Limited. Link Intime India Private Limited is the registrar for this new IPO.

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About Manba Finance Limited

Manba Finance Limited is an NBFC company established in 1996, engaged in the business of disbursing loans. It provides financial service solutions for different kinds of loans, such as two-wheeler loans, three-wheeler loans, and pre-owned two-wheeler loans. Other than this Manba Finance also offers small business loans and personal loans. According to the Manba Finance website data, the company has disbursed more than 900K loans and has an 800+ dealers network in 64 locations across five states. Company had a team of 1300+ members working together to achieve their goal. This NBFC had Asset Under Management of Rs 800 crore as on December 2023. Manba’s loan portfolio comprises 99% of new auto loans with a ticket size of around 0.8 lakh. Moreover, the company also provides financial services to its target customers who are looking for quick loan sanctioning and disbursement.

Founded

1996

Managing Director

Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Li

Parent Organization

IPO Objectives

The net funds received from this IPO will cover the public offer-related expenses, and the remaining funds will be kept in cash to increase the capital base and meet the future business of the company.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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