Manba Finance Limited, a non-banking financial company (NBFC), is set to launch its Initial Public Offering (IPO) on September 23, 2024. The company aims to raise ₹150.84 crores through the IPO.
Key Details:
- Issue Type: Book-built Issue
- Issue Size: ₹150.84 cr
- Price Band: ₹114-₹120 per share
- Total Issue Size: ₹150.84 Cr
- Fresh Issue:₹150.84 Cr
- Issue Open Date: September 23, 2024
- Issue Close Date: September 25, 2024
- Expected Listing Date: September 30, 2024
- Lead Managers: Axis Capital Limited, ICICI Securities Limited
- Registrar: Kfin Technologies Limited
Timeline
| IPO Open Date: | September 23, 2024 |
| IPO Close Date: | September 25 , 2024 |
| Basis of Allotment: | September 26, 2024 |
| Refunds: | September 26, 2024 |
| Credit to Demat Account: | September 27, 2024 |
| IPO Listing Date: | September 30, 2024 |
About Company
Manba Finance Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). The company offers a range of financial services, including loans, advances, and other financial products.
Core Business:
- Financial Services: Manba Finance provides various financial products and services to individuals and businesses.
- Loan Products: The company offers loans for different purposes, such as personal loans, home loans, and business loans.
- Other Financial Services: Manba Finance may also provide other financial services like insurance or wealth management.
Market Position:
- Manba Finance has a presence in the Indian financial services market, catering to both individuals and businesses.
- The company aims to provide accessible and affordable financial solutions to its customers.
Future Outlook:
- The Indian NBFC sector is expected to grow, driven by increasing demand for financial services.
- Manba Finance aims to expand its product offerings and geographic reach to cater to a wider customer base.
- The company may also explore new business lines or partnerships to drive growth.
Here are some resources to learn more about company
Objective
The primary objectives of the Manba Finance Limited IPO are:
- Raising Capital: The company aims to raise ₹150.84 crores through the IPO, which will be used for:
- Expansion: Funding the expansion of its operations and geographic reach.
- Working Capital: Meeting the day-to-day operational expenses of the business.
- General Corporate Purposes: Supporting other growth initiatives and strategic investments.
- Brand Visibility: The IPO will increase the visibility of Manba Finance among investors and the general public, enhancing its brand recognition and credibility.
- Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.
By achieving these objectives, Manba Finance Limited aims to strengthen its financial position, expand its business, and enhance its market presence
POSITIVE
- Growing Market: The Indian NBFC sector is expected to grow, driven by increasing demand for financial services.
- Diverse Product Offerings: Manba Finance offers a range of financial products to cater to different customer needs.
- Focus on Accessibility: The company aims to provide accessible and affordable financial solutions.
NEGATIVE
- Competition: The NBFC market is highly competitive, with both traditional banks and other NBFCs.
- Regulatory Changes: Changes in government regulations related to NBFCs can impact the industry.
- Credit Risk: Lending to individuals and businesses involves credit risk, which can affect profitability.
Financial Review of Manba Finance
So, How Does Manba Finance IPO Fare in Terms of Financials ?
Sure! Here’s a financial review of Manba Finance Limited based on the data you provided:
Financial Highlights
| Period Ended | Assets | Revenue | PAT | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 973.75 | 191.63 | 31.42 | 200.61 | 752.27 |
| 31 Mar 2023 | 787.25 | 133.32 | 16.58 | 168.43 | 595.93 |
| 31 Mar 2022 | 561.46 | 106.62 | 9.74 | 151.74 | 394.40 |
Key Observations:
- Assets: Assets have grown significantly year-on-year, with a growth of 19.15% in 2024 compared to 2023.
- Revenue: Revenue has also grown steadily, with a growth of 30.43% in 2024 compared to 2023.
- Profit After Tax: Profit After Tax has shown strong growth of 47.23% in 2024 compared to 2023.
Manba Finance IPO Valuation :
| KPI | Values |
|---|---|
| ROE | 21.36% |
| Debt/Equity | 3.75 |
| RoNW | 15.66% |
| P/BV | 2.25 |
SWOT Analysis: Manba Finance Limited
Strengths
- Diverse Product Offerings: Manba Finance offers a range of financial products to cater to different customer needs.
- Accessibility: The company aims to provide accessible and affordable financial solutions.
- Focus on Customers: A customer-centric approach can lead to strong customer relationships.
Weaknesses
- Competition: The NBFC market is highly competitive, with both traditional banks and other NBFCs.
- Regulatory Changes: Changes in government regulations related to NBFCs can impact the industry.
- Credit Risk: Lending to individuals and businesses involves credit risk, which can affect profitability.
Opportunities
- Growing Market: The Indian NBFC sector is expected to grow, driven by increasing demand for financial services.
- Technology Adoption: Leveraging technology for efficient loan processing and customer experience.
- Product Diversification: Expanding into new product areas within the financial services sector.
Threats
- Economic Downturns: A slowdown in the economy can impact demand for financial services.
- Competition from Banks: Traditional banks may increase their focus on retail lending.
- Regulatory Changes: Changes in government policies or regulations related to NBFCs can impact the industry.
COMPETITIVE ANALYSIS: MARKET PEERS
Manba Finance Limited operates in a competitive non-banking financial company (NBFC) market in India. Understanding its key competitors is essential for assessing the company’s market position and growth potential.
Key Competitors
- Bajaj Finance Limited: A leading NBFC with a strong presence in various financial services, including consumer finance and SME lending.
- HDFC Limited: A large non-banking financial company offering a wide range of financial products, including housing finance and personal loans.
- Reliance Commercial Finance: A subsidiary of Reliance Industries, providing financial services to SMEs and corporates.
- Cholamandalam MS General Insurance Company Limited: An NBFC specializing in SME financing and insurance products.
Manba Finance Limited IPO GMP
- Grey market premium as on 25-09-2024 = ₹ 58 /Share
Disclaimer:
- IPO Grey Market Premium (Manba Finance Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.
Manba Finance Limited IPO
🔴 Live Subscription Status 🔴
25/09/2024 5:00 PM
| | NO OF SHARES OFFERED | Day 1 | Day 2 | Day 3 |
| Qualified Institutional Buyers(QIBs) | 25,14,000 | 2.36 | 4.15 | 148.55 |
| Non Institutional Investors(NIIs) | 18,85,500 | 43.09 | 172.23 | 506.08 |
| Retail Individual Investors(RIIs) | 43,99,500 | 27.52 | 70.18 | 129.78 |
| Employees | – | – | – | – |
| Total | 87,99,000 | 23.67 | 73.18 | 215.78 |
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