₹ 15000
₹114- ₹120
125
₹150
25
25 Sep 2024
Download27 Sep 2024
30 Sep 2024
Application Details
Manba Finance is set to launch its Initial Public Offering (IPO) from September 23, 2024, to September 25, 2024. The face value of each share is ₹10, with the price band ranging from ₹114 to ₹120 per share. Investors can apply for a minimum lot size of 125 shares, with the total issue size consisting of 12,570,000 shares, aggregating up to ₹150.84 crore. This entire issue comprises a fresh issue of 12,570,000 shares, raising ₹150.84 crore. The IPO will follow a Book Built Issue process, and the shares will be listed on both BSE and NSE.
The timetable for Manba Finance’s IPO includes key dates such as the opening of the offer on Monday, September 23, 2024, and the closing on Wednesday, September 25, 2024. The basis of allotment is scheduled for Thursday, September 26, 2024, followed by the initiation of refunds on the same day. The credit of shares to investors' Demat accounts is expected to occur by Friday, September 27, 2024. The company is set to be listed on the stock exchanges by Monday, September 30, 2024. It is important for UPI mandate confirmations to be completed by 5 PM on September 25, 2024.
In terms of lot size, retail investors can apply for a minimum of one lot, which includes 125 shares and requires an investment of ₹15,000. The maximum application for retail investors is 13 lots, comprising 1,625 shares, with a total investment of ₹1,95,000.
About Manba Finance Limited
Company Overview
Established in 1998, Manba Finance Limited is a Non-Banking Financial Company-Base Layer (NBFC-BL) that provides a diverse range of financial solutions. The company’s offerings cater to the purchase of new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), as well as used cars. In addition to vehicle financing, the company extends its services to small business loans and personal loans.
Operational Reach and Branch Network
Headquartered in Maharashtra, Manba Finance operates through 66 locations connected to 29 branches across six states in western, central, and northern India. The company has an extensive presence in urban, semi-urban, and metropolitan areas, as well as surrounding rural regions. Manba Finance has developed strong relationships with over 1,100 dealers, including more than 190 electric vehicle (EV) dealers, particularly in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.
History and Regulatory Status
Originally incorporated as ‘Manba Finance Pvt. Ltd’ in May 1996, the company transitioned to a public limited entity in January 2005, adopting the name ‘Manba Finance Ltd’. In January 2022, Manba Finance received its registration certificate from the Reserve Bank of India (RBI), allowing it to operate as an NBFC without accepting public deposits.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.