Manba Finance IPO: Overview of Manba Finance
Manba Finance Limited is a prominent non-banking financial company (NBFC) based in Mumbai, specialising in a variety of financing solutions, including loans for two-wheelers, three-wheelers, electric vehicles, used cars, and small business ventures. With an impressive Assets Under Management (AUM) exceeding ₹936.85 crore as of FY24, the company has shown robust growth, making it a compelling candidate for investment.
Manba Finance IPO: Key Details
The Manba Finance IPO is set to open for subscription from September 23 to September 25, 2024, with a price band of ₹114-120 per equity share. Investors can bid for a minimum of 125 shares, amounting to an initial investment of approximately ₹15,000. The IPO aims to raise around ₹150 crores, entirely through a fresh issue of shares with no offer-for-sale component.
| IPO Details | Information |
|---|---|
| Issue Price | ₹114-₹120 per share |
| Minimum lot size | 125 shares |
| Issue Size | Approx. ₹150 crores |
| Opening Date | September 23, 2024 |
| Closing Date | September 25, 2024 |
| Listing Date | September 30, 2024 |
Market Sentiment and Subscription Status
Reports indicate that the IPO has already garnered significant interest, with 11.20 subscriptions within the first hour of opening. The retail portion subscribed 14.69 times, while non-institutional investors subscribed 16.01 times. This overwhelming response reflects strong market sentiment and investor confidence in the company’s growth trajectory.
Manba Finance IPO: Grey Market Premium (GMP)
Currently, shares of Manba Finance are trading at a Grey Market Premium (GMP) of approximately ₹64, indicating a potential listing premium of over 53% compared to the issue price. This positive GMP suggests that investors are optimistic about the company’s future performance and market positioning.
Manba Finance IPO: Financial performance highlights
Manba Finance has shown remarkable financial growth:
- Revenue Growth:
increased from₹133.32 crore in FY23 to₹191.58 crore in FY24, marking a rise of 44%. - Profit Surge:
Net profit jumped by 89%, reaching₹31.41 crore in FY24 compared to₹16.58 crore the previous year. - AUM Growth:
The company’s AUM grew at a CAGR of 37.46%, from 495.82 crore in FY22 to 936.85 crore in FY24.
Manba Finance IPO: Investment Considerations
Investors considering the Manba Finance IPO should weigh the following factors:
- Strong Growth Potential:
With a significant market share in two-wheeler loans and rapid expansion across multiple states, Manba Finance is well-positioned for future growth. - Experienced Management:
Professionals with extensive experience in financial services lead the company. - Market Demand for Financing Solutions:
As India’s demand for vehicle financing and personal loans continues to rise, Manba Finance stands to benefit greatly.
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Conclusion
The Manba Finance IPO presents an attractive opportunity for investors looking to tap into the growing financial services sector in India. With its strong financial performance, favourable market conditions, and robust subscription response, this IPO could be a lucrative addition to any investment portfolio. However, potential investors should conduct thorough research and consider their risk tolerance before participating. Invest wisely and stay up-to-date on this promising investment opportunity!