The price band for the IPO has been fixed at Rs 114-120 per share.
An IPO is purely a fresh issue of up to 1,25,70,000 shares with no offer-for-sale component. The total issue size of Rs 151 crore has been calculated based on the price at the upper band.
The company intends to use the proceeds from the fresh issue to increase its capital base and meet future capital requirements.
The issue will be done through a book-building process, wherein not more than 50% of the issue will be allotted to qualified institutional buyers (QIBs), less than 15% will be allotted to non-institutional investors (NIIs). 35% to retail investors.
-
Stock trading
Market 101: Insights into Trendlines and Momentum
-
Stock trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
-
Stock trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
-
Stock trading
Market 104: Options Trading: Kickstart Your F&O Venture
-
Stock trading
ROC Made Easy: A Master Course for the ROC Stock Indicator
-
Stock trading
RSI Made Easy: RSI Trading Course
-
Stock trading
Technical Analysis For Everyone – Technical Analysis Course
-
Stock trading
Introduction to Technical Analysis and Candlestick Theory
-
Stock trading
Options Trading Course for Beginners
-
Stock trading
Options Scalping Made Easy
-
Stock trading
Futures Trading Made Easy: Futures and Options Trading Course
-
Stock trading
Stock markets made easy
-
Stock trading
Renko chart patterns made easy
-
Stock trading
Options Trading Made Easy: Options Trading Course
-
Stock trading
Stock Investing Made Easy: An Introductory Stock Market Investment Course
-
Stock trading
Macroeconomics Made Easy: Online Certification Course
-
Stock trading
Stock valuation made easy
Based in Mumbai, the company provides financial solutions to both salaried and self-employed individuals, offering fast turnaround time (TAT) for loan approval and disbursement.
In FY 2024, Manba Finance had the largest share of two-wheeler loans, accounting for 92% of its assets under management (AUM). It has an AUM per branch of Rs.400 crore, beating companies like Arman Financial, Baid Finserv, Berar Finance, Hero Fincorp, MAS Financial, Muthoot Fincorp and TVS Credit. 14.41 crore is the third rank. With a CAGR of 40.3% from FY 2022 to FY 2024, Manba Finance was also the fastest branch growing.
Manba Finance’s AUM in FY 2022 will be Rs. 495.82 crore in FY 2024 to Rs. 936.85 crore, representing a compound annual growth rate (CAGR) of 37.46%.
Company in FY24 Rs. 31.41 crore in profit, which was Rs. 16.58 crores is 89.50% more. Revenue for FY24 in FY23 was Rs. 133.32 crores increased significantly to Rs. 191.58 crore, an increase of 43.71%, mainly due to higher interest income.
Manba Finance will list its equity shares on BSE and NSE. Ham Securities is the sole book-running lead manager and registrar for the Link Intime India issue.
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
