Review of Manba Finance Limited IPO: Lot Size, Check Issue Date, Price

Manba Finance IPO Price: ₹114 to ₹120 per share
IPO Dates: 23 September 2024 – 25 September 2024

Target Customers and Customized Offerings

Manba Finance tailors its financial products to meet the specific needs of two main customer segments: salaried individuals and the self-employed. The company provides customized loan programs for these groups, typically financing up to 85% of the vehicle’s on-road price, with the remaining balance contributed by the customer. This customer-centric approach allows Manba Finance to offer flexible, attractive loan options to a wide range of individuals.

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.

Expansion into New Loan Sectors

In recent years, Manba Finance has expanded its portfolio to include used car loans, small business loans, and personal loans. The company’s growing loan book had an AUM (Assets Under Management) of more than ₹90,000 lakhs as of March 31, 2024, making it one of the leading financial solutions providers in the country. Its ability to offer quick turnaround times (TAT) for loan sanctioning and disbursement further enhances its appeal to customers seeking prompt financial assistance.

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.

Competitive Strengths

Manba Finance’s competitive edge lies in several key areas:

• Established relationships with a large network of dealers;
• Ability to penetrate new and underserved markets;
• Access to diversified, cost-effective long-term borrowing options;
• A technology-driven and scalable operating model, which enables a quick turnaround time for loan processing;
• Strong collections infrastructure, ensuring the maintenance of asset quality;
• Leadership by experienced promoters and a professional management team.

By leveraging these strengths, Manba Finance continues to grow its footprint and strengthen its position in the Indian financial services sector.

Bidding Starts In

Manba Finance IPO Specifics:

Manba Finance IPO Timetable (Important Dates)

Manba Finance IPO Lot Size

Bidders have the opportunity to bid for a minimum of 125 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.

Manba Finance IPO Reservation

Manba Finance Limited IPO Financial Information

Manba Finance Limited witnessed a substantial 44% growth in revenue and a remarkable 90% surge in profit after tax (PAT) from the fiscal year ending on March 31, 2024, to March 31, 2023. This significant financial enhancement underscores the company’s robust performance and strategic financial management during this period.

Key Performance Indicator – Manba Finance IPO

Objects of the Issue:

Manba Finance Limited has put forth a strategic plan to allocate the Net Proceeds towards enhancing the capital base in order to effectively address and fulfill the anticipated future capital needs and requirements of the Company.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company.