Established in 1998, Manba Finance Limited is a non-banking finance company (NBFC-BL) offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans.
The company’s target customers are mainly (i) employees and (ii) the self-employed. The Company tailors its offerings to each of these customer categories and creates customized programs. The Company typically finances up to 85% of the purchase price (on-road price) of the vehicle the customer wishes to purchase and prefers the customer to contribute the balance.The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural area Uttar Pradesh.
As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance Limited’s revenue increased by 44% and profit after tax (PAT) rose by 90% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 973.75 | 787.25 | 561.46 | |||||||||||||||||||||||||||
| Revenue | 191.63 | 133.32 | 106.62 | |||||||||||||||||||||||||||
| Profit After Tax | 31.42 | 16.58 | 9.74 | |||||||||||||||||||||||||||
| Net Worth | 200.61 | 168.43 | 151.74 | |||||||||||||||||||||||||||
| Reserves and Surplus | 162.46 | 155.54 | 138.96 | |||||||||||||||||||||||||||
| Total Borrowing | 752.27 | 595.93 | 394.4 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of Manba Finance IPO is Rs 602.87 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.34 | 6.25 |
| P/E (x) | 14.39 | 19.19 |
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
| IPO Date | September 23, 2024 to September 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Fresh Issue | 12,570,000 shares (aggregating up to ₹150.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 37,669,410 |
| Share holding post issue | 50,239,410 |
The Company's Corporate Promoters are Manba Investments and Securities Private Limited, Avalon Advisory and Consultant Services Private Limited, Manba Fincorp Private Limited, Manba Infotech LLP and Manish Kiritkumar Shah (HUF).
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
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