Manba Finance IPO Date, Price, GMP – Manba Finance Limited’s initial public offering (IPO) began today. The ₹150.84 crore public offering is scheduled to close on September 25, 2024. This implies that the first public offer will be out for bids from Monday through Wednesday. For the Manba Finance IPO, the NBFC has set the price range at ₹114 to ₹120 for each equity share.
The pricing range for Manba Finance’s IPO is ₹114 to ₹120 per share. HNI is 15%, QIB is 50%, and the retail quota is 35%. On September 30, 2024, Manba Finance will go public on the BSE and NSE. The IPO date of Manba Finance has been scheduled for September 26, 2024. In 2024, the company’s revenue was ₹191.63 crore, up from ₹133.32 crore in 2023. In 2024, the company’s profit was ₹31.42 crore, compared to ₹16.58 crore in 2023. Investors in the IPO should apply for a lengthy term, according to the financials.
Manba Finance IPO Details (GMP, Price, Date)
| IPO Open Date | September 23, 2024 |
| IPO Close Date | September 25, 2024 |
| Listing Date | Monday, September 30, 2024 |
| 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 |
Manba Finance Financials
From the conclusion of the financial year on March 31, 2024, to March 31, 2023, Manba Finance Limited’s revenue climbed by 44% and its profit after tax (PAT) surged by 90%.
| FY 2024 | |
| Assets | 973.75 |
| Revenue | 191.63 |
| Profit After Tax | 31.42 |
| Net Worth | 200.61 |
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
About the Company – Manba Finance
Manba Finance Limited, a Non-Banking Finance Company (NBFC-BL) that was founded in May 1996, provides financing options for used cars, small business loans, personal loans with an aggregate value of over 90,000 lakhs as of March 31, 2024, and new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), and electric three-wheelers (EV3Ws). Target clients of the business are those who need fast loan approval and disbursement turnaround times (TAT).
The company offers financial solutions to meet their needs. The organization, which has its headquarters in Mumbai, Maharashtra, operates 29 branches and 66 sites throughout six (6) states in Western, Central, and Northern India.
