Manba Finance Limited, a leading non-banking finance company (NBFC-BL), is set to launch its Initial Public Offering (IPO) with a fresh issue of shares amounting to ₹150.84 crore. The IPO offers an opportunity for investors to participate in the company’s future growth, with the subscription window opening from September 23, 2024, to September 25, 2024.
| Investor Type | Minimum Lots | Shares | Investment |
|---|---|---|---|
| Retail Investors | 1 lot | 125 shares | ₹15,000 |
| Small NII (sNII) | 14 lots | 1,750 shares | ₹210,000 |
| Big NII (bNII) | 67 lots | 8,375 shares | ₹1,005,000 |
Established in 1998, Manba Finance Limited offers diverse financial solutions, primarily focused on financing new and electric two-wheelers (2Ws and EV2Ws), three-wheelers (3Ws and EV3Ws), used cars, and small business loans. The company also provides personal loans tailored to both employees and self-employed individuals.
Manba Finance works with over 1,100 dealers, including 190 EV dealers, across six states: Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. With a strong presence in urban, semi-urban, and rural markets, the company is focused on expanding its reach and meeting the financial needs of its target customers.
As of March 31, 2024, the company employed 1,344 staff members and continued its focus on growth and expanding its operations.
| Financial Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Assets | ₹973.75 Cr | ₹787.25 Cr | ₹561.46 Cr |
| Revenue | ₹191.63 Cr | ₹133.32 Cr | ₹106.62 Cr |
| Profit After Tax | ₹31.42 Cr | ₹16.58 Cr | ₹9.74 Cr |
| Net Worth | ₹200.61 Cr | ₹168.43 Cr | ₹151.74 Cr |
| Total Borrowing | ₹752.27 Cr | ₹595.93 Cr | ₹394.4 Cr |
Manba Finance has demonstrated consistent growth in revenue and profitability over the past three fiscal years, with a 44% increase in revenue and a 90% rise in profit after tax in FY24 compared to FY23.
Manba Finance intends to utilize the net proceeds from the IPO to strengthen its capital base, enabling the company to meet its future capital requirements.
The company’s expansion strategy and focus on electric vehicles and rural market penetration make it a promising candidate for investors seeking exposure in the finance sector. With a strong financial performance and growth outlook, the Manba Finance IPO is expected to attract a broad range of investors.
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