Manba Finance Ltd. IPO

The Manba Finance IPO is a book-built issue set to raise Rs 150.84 crores through a fresh issue of 1.26 crore shares. The IPO opens for subscription on September 23, 2024 and closes on September 25, 2024, with the allotment expected by September 26, 2024. The IPO will list on the BSE and NSE on September 30, 2024. The Manba Finance IPO price band is set between Rs 114 to Rs 120 per share, with a minimum application lot size of 125 shares, requiring a minimum investment of Rs 15,000 for retail investors. The company's approximate valuation based on its price band and RHP is Rs 602.04 crores, with an EPS of Rs 8.34 for FY24 and a PE ratio of 14.38x, slightly above the industry PE of 13.45x. The entire Manba Finance IPO issue size is a fresh issue of Rs 150.84 crores, with no Offer for Sale (OFS).

RHP
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DRHP
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Open Date

2024-09-23

Close Date

2024-09-25

Manba Finance Ltd. IPO Details

Check out the issue details for Manba Finance Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 120

Price Band

₹ 114 - 120

Issue Size

150.84 Cr.

Issue Type

Book Built

Open

2024-09-23

Close

2024-09-25

Listingprice

₹ 145

ListingGain

20.83%

Listing Date

2024-09-30

CMP

₹ 167.69

Current Return

39.74%

Manba Finance Ltd. News

Manba Finance informs about trading window closure19 Dec, 4:44PM Manba Finance informs about board meeting19 Dec, 2:23PM Manba Finance informs about board meeting19 Dec, 10:20AM Manba Finance achieves highest ever AUM of Rs 1200 crore29 Nov, 11:41AM Manba Finance informs about business updates29 Nov, 9:25AM Manba Finance informs about outcome of board meeting 28 Nov, 4:50PM Manba Finance informs about press release18 Nov, 5:36PM Manba Finance signs MoU with Piaggio Vehicles18 Nov, 3:27PM Manba Finance informs about conference call26 Oct, 3:54PM Manba Finance informs about investor presentation25 Oct, 12:16PM Manba Finance informs about investor presentation25 Oct, 10:48AM Manba Finance informs about statement of deviation(s) or variation(s)24 Oct, 3:32PM Manba Finance - Quaterly Results24 Oct, 1:43PM Manba Finance - Quaterly Results24 Oct, 1:43PM Manba Finance - Quaterly Results24 Oct, 1:43PM Manba Finance informs about earning conference call22 Oct, 9:54AM Manba Finance - Quaterly Results18 Oct, 8:37PM Manba Finance - Quaterly Results18 Oct, 8:37PM Manba Finance coming with an IPO to raise Rs 151 crore20 Sep, 2:55PM

Company Financials

You can get the following financial statements of Manba Finance Ltd. as of now.

Company Name

Manba Finance Ltd.

Exchange

NSE: MANBA BSE: 544262

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Manba Finance IPO are as:

  • The issue size of the IPO is 150.84 Cr.
  • The price band for Manba Finance IPO is Rs 141 to Rs 120.
  • The shares of Manba Finance IPO will list on 30th September 2024.
  • The latest tentative GMP of Manba Finance IPO is Rs 65.
  • The shares of Manba Finance IPO are subscribed 224.05 Times as of 25th September 2024. 

 

Manba Finance IPO Valuation

The approx valuation of Manba Finance IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 120
Existing Shares (Qty) 3.76 Cr
Fresh Issue 150.84 Cr
Market Cap 602.04 Cr
EPS (FY24) Rs 8.34
PE Ratio 14.38x
Industry PE 13.45x

 

Manba Finance IPO Issue Size

Manba Finance IPO issue size is 150.84 Cr.

Issue Amount
Fresh Issue 150.84 Cr
Offer For Sale 0 Cr

 

Manba Finance IPO Market Lot

An Individual can apply for a minimum 1 lot of 125 shares and a maximum of 13 lots of 1625 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 125 Rs 15,000
Maximum 13 1625 Rs 1,95,000

 

Manba Finance IPO share offer

The shares of Manba Finance IPO are subscribed 224.05 Times as of 25th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 148.55 Times
Non-Institutional Minimum 15% 511.62 Times
Retail Individual Minimum 35% 143.95 Times
Total   224.05 Times

Find below the dates for Manba Finance IPO:

Schedule Date
Basis of Allotment 26 September 2024
Refunds 26 September 2024
Credit to Demat Account 27 September 2024
IPO Listing Date 30 September 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 117.82 105.66 106.59 133.32 191.59
Total Expenditure 42.42 38.31 43.58 49.37 66.28
Operating Profit 75.4 67.34 63.01 83.95 125.31
Other Income 0.68 0.13 0.03 0 0.05
Interest 50.24 50.99 46.59 56.71 81.97
Depreciation 1.94 3.63 3.79 4.45 4.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 23.91 12.86 12.66 22.79 38.89
Provision for Tax 5.71 3.49 2.92 6.21 7.47
Net Profit 18.2 9.36 9.74 16.58 31.42
Adjusted EPS (Rs.) 0.41 0.25 0.26 0.44 0.83

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.56 12.56 12.56 12.56 37.67
Total Reserves 123.42 129.38 139.19 155.87 162.94
Borrowings 394.13 404.68 394.4 595.93 752.27
Other N/C liabilities 0.49 -0.75 -1.57 9.88 9.72
Current liabilities 10.31 7.93 14.86 11.54 10.46
Total Liabilities 540.9 553.79 559.44 785.78 973.05
Assets
Net Block 13.78 15.82 12.79 21.68 19.75
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0.05 0.05 0.08 18.36 26.67
Loans & Advances 0 0 0 0 0
Other N/C Assets 0 0 0 0 0
Current Assets 527.07 537.92 546.57 745.74 926.63
Total Assets 540.9 553.79 559.44 785.78 973.05
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024
Other Income 0.01 0.03
Profit Before Tax 6.53 15.92
Tax 1.36 4.27
Profit After Tax 5.18 11.64
Adjusted EPS (Rs) 1.37 2.32

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.98 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 23.91 12.86 12.66 22.79 38.89
Adjustment 51.49 2.51 2.4 2.36 -8.31
Changes in Assets & Liabilities -62.76 -18.14 35.57 -143.48 -164.97
Tax Paid -6.06 -4.3 -3.36 -5.69 -6.75
Operating Cash Flow 6.58 -7.07 47.28 -124.03 -141.14
Investing Cash Flow -0.64 -1.29 -0.71 -18.92 1.1
Financing Cash Flow -13.17 11.37 -10.28 201.53 156.34
Net Cash Flow -7.23 3 36.29 58.59 16.3
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