Manba Finance Limited IPO: Analysis, GMP & Subscription Status
Introduction
Manba Finance Limited is set to open its Initial Public Offering (IPO) on September 23, 2024. Known for its robust vehicle financing solutions, Manba Finance has carved a niche in the financial services sector by focusing on underserved markets. This blog will cover all essential details of the IPO, offering potential investors insights into the company’s financial health, market position, and investment prospects.
Manba Finance Limited IPO Details
- IPO Open Date: Monday, September 23, 2024
- IPO Close Date: Wednesday, September 25, 2024
- Basis of Allotment: Thursday, September 26, 2024
- Initiation of Refunds: Thursday, September 26, 2024
- Credit of Shares to Demat: Friday, September 27, 2024
- Listing Date: Monday, September 30, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on September 25, 2024
- Price Band: To be announced
- Lot Size: To be announced
- Total Issue Size: 15,523,000 shares (aggregating up to an undisclosed amount)
- Fresh Issue: 15,523,000 shares (aggregating up to the same amount)
- Listing At: BSE, NSE
Grey Market Premium (GMP)
The Grey Market Premium (GMP) indicates the premium at which the IPO shares are being traded before they are officially listed on stock exchanges. The GMP can give investors an idea about the demand and potential listing price of the shares.
- GMP: ₹64 , The expected percentage gain/loss per share is 53.33%.
Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Total Subscription |
| Day 1 |
0.33 |
11.87 |
11.71 |
8.49 |
| Day 2 |
2.38 |
75.52 |
43.25 |
38.49 |
| Day 3 |
|
|
|
|
Financial Performance
Manba Finance Limited has shown consistent financial growth over the past three years. Here are the detailed financials:
| Fiscal Year |
Assets (₹ Cr) |
Revenue (₹ Cr) |
Profit After Tax (₹ Cr) |
Net Worth (₹ Cr) |
Reserves and Surplus (₹ Cr) |
Total Borrowing (₹ Cr) |
| FY 2024 |
973.75 |
191.63 |
31.42 |
200.61 |
162.46 |
752.27 |
| FY 2023 |
787.25 |
133.32 |
16.58 |
168.43 |
155.54 |
595.93 |
| FY 2022 |
561.46 |
106.62 |
9.74 |
151.74 |
138.96 |
394.4 |
Objectives of the IPO
The funds raised from the IPO are intended for:
- Expansion of their vehicle financing operations across new regions.
- Enhancement of the technological infrastructure to support service delivery.
- Strengthening the capital base to support future growth.
How to Apply for the Manba Finance Limited IPO
Investors can apply for the IPO through their bank’s net-banking (ASBA), or through their stockbrokers' platforms (UPI). It’s important to ensure that the applications are completed and submitted before the cut-off time for UPI mandate confirmation.
Company Overview
Manba Finance Limited has been an active player in the non-banking financial sector with a focus on providing vehicle loans. The company’s deep understanding of the market dynamics and customer needs has enabled it to deliver tailored financial solutions, thus driving its growth in revenue and profitability.
Conclusion
Manba Finance Limited’s IPO offers an opportunity to invest in a company with a strong financial trajectory and a solid strategy for future growth. Investors should consider this IPO to diversify their portfolios, particularly if they are looking to invest in the thriving non-banking financial sector.
Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Prospective investors should consult their financial advisors to understand the risks and benefits associated with investing in IPOs.
Headlines
- "Manba Finance Limited IPO: Opening September 23, Essential Details You Need to Know"
- "Invest in Manba Finance Limited IPO: Analysis of Financials and Company Growth"
- "Complete Guide to Manba Finance Limited IPO: Dates, Financial Insights, and How to Apply"