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Manba Finance Limited IPO (Manba Finance IPO) Details
Manba Finance Limited
Manba Finance IPO's overview
Manba Finance IPO is a book built issue of ₹150.84 Cr (1,50,84,00,000). The issue includes a fresh issue of 1.26 Cr (1,25,70,000) shares aggregating to ₹150.84 Cr (1,50,84,00,000).
Manba Finance IPO bidding started from Sep 23, 2024 and ended on Sep 25, 2024. The allotment for Manba Finance IPO was finalized on Sep 26, 2024. The shares got listed on BSE on Sep 30, 2024.
Manba Finance IPO price band is set at ₹114 to ₹120 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹14,250.
Refer to Manba Finance IPO RHP for detailed information.
IPO date
Sep 23,2024 - Sep 25,2024
Listing Date
Sep 30,2024
Face value
₹10
Price Band
₹114 to ₹120 per share
Lot
₹125 Shares
Total Issue Size
1.26 Cr (1,25,70,000)
aggregating up to ₹150.84 Cr (1,50,84,00,000)
Fresh Issue
1.26 Cr (1,25,70,000)
aggregating up to ₹150.84 Cr (1,50,84,00,000)
Issue Type
Book Building
IPO Type
Main BoardListing At
BSE
Mon, Sep 23, 2024
IPO Open
Wed, Sep 25, 2024
IPO Close
Thu, Sep 26, 2024
Basis of Allotment
Fri, Sep 27, 2024
Initiation of Refunds
Fri, Sep 27, 2024
Credit of Shares to Demat
Mon, Sep 30, 2024
Listing
Manba Finance IPO Day-wise IPO GMP Trend
Manba Finance IPO last GMP is ₹38, last updated Sep 29,2024. With the price band of 120.00, Manba Finance IPO's estimated listing price is ₹158 (cap price + today's GMP).The expected percentage gain/loss per share is 31.67%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 29-Sep-24 | 120.00 | 38 | 158(31.67%) | 29-Sep-2024 15:58 |
| 28-Sep-24 | 120.00 | 38 | 158(31.67%) | 28-Sep-2024 23:27 |
| 27-Sep-24 | 120.00 | 40 | 160(33.33%) | 27-Sep-2024 23:31 |
| 26-Sep-24 | 120.00 | 56 | 176(46.67%) | 26-Sep-2024 23:28 |
| 25-Sep-24 | 120.00 | 58 | 178(48.33%) | 25-Sep-2024 23:25 |
| 24-Sep-24 | 120.00 | 58 | 178(48.33%) | 24-Sep-2024 23:31 |
| 23-Sep-24 | 120.00 | 64 | 184(53.33%) | 23-Sep-2024 23:31 |
| 22-Sep-24 | 120.00 | 60 | 180(50.00%) | 22-Sep-2024 23:30 |
| 21-Sep-24 | 120.00 | 60 | 180(50.00%) | 21-Sep-2024 23:25 |
| 20-Sep-24 | 120.00 | 60 | 180(50.00%) | 20-Sep-2024 23:29 |
| 19-Sep-24 | 120.00 | 0 | 120(0.00%) | 19-Sep-2024 23:25 |
| 18-Sep-24 | 120.00 | 0 | 120(0.00%) | 18-Sep-2024 23:30 |
| 17-Sep-24 | 120.00 | 0 | 120(0.00%) | 17-Sep-2024 23:30 |
Manba Finance IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 125 | ₹15,000 |
Retail(Max) | 13 | 1,625 | ₹1.95 Lakh (1,95,000) |
SHNI(Min) | 14 | 1,750 | ₹2.10 Lakh (2,10,000) |
SHNI(Max) | 66 | 8,250 | ₹9.90 Lakh (9,90,000) |
BHNI(Min) | 67 | 8,375 | ₹10.05 Lakh (10,05,000) |
About Manba Finance Limited
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 areas. The company has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
As of March 31, 2024, the company employed a total of 1,344 people.
Manba Finance IPO's documents
Manba Finance Limited Contact Details
Manba Finance Limited
324, Runwal Heights Commercial Complex,
L.B.S Marg, Opp. Nirmal Lifestyle,
Mulund (West), Mumbai - 400 080
Phone: +91 22 6234 6598
Email: [email protected]
Website: http://www.manbafinance.com/
Manba Finance IPO's Promoters
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).