Manba Finance IPO Details, Financials, Valuation & Peers
Manba Finance's IPO is opening on September 23 with an issue size of ₹150.84 crore. Get insights on IPO dates, financials, valuation and peer comparisons.
Overview
Manba Finance Limited is a non-banking financial company (NBFC-BL) that specializes in providing financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric vehicles (EV2Ws and EV3Ws), used cars, small business loans and personal loans. The company had an Assets Under Management (AUM) size of over ₹900 crore as of March 31, 2024. About 97.90% of Manba Finance’s loan portfolio consists of new vehicle loans, with an average ticket size of ₹80,000. Operating out of Mumbai, Maharashtra, the company has expanded its presence to 66 locations connected through 29 branches across six states in India: Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. The company has strong partnerships with over 1,100 dealers, including 190+ electric vehicle dealers, to cater to its diverse customer base.
Key Points:
- Core Business: Specializes in vehicle financing for two-wheelers, three-wheelers, electric vehicles (2Ws, 3Ws), used cars, small business loans and personal loans.
- Asset Under Management (AUM): Over ₹90,000 lakhs as of March 31, 2024.
- Geographical Reach: Operates in six states (Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, Uttar Pradesh) with 66 locations and 29 branches.
- Dealer Network: Relationships with over 1,100 dealers, including 190+ EV dealers.
- Loan Portfolio: 97.9% of the loan portfolio is in new vehicle loans with an average ticket size (ATS) of ₹80,000 for two-wheelers and ₹1,40,000 for three-wheelers.
- Risk Management: Gross NPA of 3.95% in 2024, with a strong credit assessment system to manage defaults.
- Diversified Funding: Sources funds from banks, financial institutions, term loans and privately placed NCDs.
- Technological Integration: Loans are sanctioned within the same day for over 85% of applications due to streamlined business processes and technology integration.
Objects of the Issue
- Augmentation of the capital base to meet the future capital requirements
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 23 Sep - 25 Sep 2024 |
| IPO Price Band | ₹114 - ₹120 per share |
| Fresh Issue | 1,25,70,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹150.84 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 23 Sep 2024 |
| IPO Closing Date | 25 Sep 2024 |
| Basis Of Allotment | 26 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Demat Transfer | 27 Sep 2024 |
| IPO Listing Date | 30 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 105.76 | 106.62 | 133.32 | 191.63 |
| Total Expenses | 92.91 | 93.96 | 110.53 | 152.74 |
| Net Profit/Loss | 9.36 | 9.74 | 16.58 | 31.42 |
| NPM (*) | 9.01 | 9.20 | 12.52 | 16.47 |
| Total Assets | 555.40 | 561.46 | 787.25 | 973.75 |
| Total Liabilities | 413.47 | 409.71 | 618.82 | 773.15 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.49 | 2.59 | 4.40 | 8.34 |
| ROE (%) | 6.71 | 6.47 | 9.91 | 15.66 |
| ROCE (%) | 9.06 | 8.34 | 13.53 | 19.39 |
| D/E Ratio | 2.85 | 2.60 | 3.54 | 3.75 |
| Current Ratio | 2.99 | 3.99 | 11.25 | 15.78 |
| EBITDA MARGIN (%) | 63.86 | 59.14 | 62.90 | 65.38 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Manba Finance Limited | 191.63 | 14.39 | 8.34 | 15.66 | 53.26 |
| Baid Finserv Limited (Standalone) | 66.36 | 13.65 | 1.08 | 7.75 | 13.89 |
| Arman Financial Services Limited (Consolidated) | 661.53 | 8.57 | 195.0 | 21.36 | 775.70 |
| MAS Financial Services Limited (Consolidated) | 1,285.68 | 18.13 | 15.31 | 14.25 | 108.71 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 148.55 |
| Non-Institutional Investor (NII/HNI) | 511.62 |
| Retail Individual Investor (RII) | 143.95 |
| Total | 224.05 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MANISH KIRITKUMAR SHAH
- NIKITA MANISH SHAH
- MONIL MANISH SHAH
- MANBA INVESTMENTS AND SECURITIES PRIVATE LIMITED
- AVALON ADVISORY AND CONSULTANT SERVICES PRIVATE LIMITED
- MANBA FINCORP PRIVATE LIMITED
- MANBA INFOTECH LLP
- MANISH KIRITKUMAR SHAH (HUF)
Lead Managers
- Hem Securities Limited
Company Address
Manba Finance Limited
324, Runwal Heights Commercial Complex, L.B.S Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai 400 080, Maharashtra, India
Phone: +91 22 6234 6598
Email: investorrelation@manbafinance.com
Website: www.manbafinance.com
FAQs
- What is the issue size of the Manba Finance IPO?The Manba Finance IPO has an issue size of ₹150.84 crore. This includes a fresh issue of 1,25,70,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Manba Finance IPO?The price band for the Manba Finance IPO is ₹114 - ₹120 per share.
- What are the bidding dates for the Manba Finance IPO?The Manba Finance IPO will open for bidding on 23 Sep 2024 and close on 25 Sep 2024.
- What is the allotment date for the Manba Finance IPO?The allotment date for the Manba Finance IPO is 26 Sep 2024.
- What is the listing date for the Manba Finance IPO?The listing date for the Manba Finance IPO is 30 Sep 2024.
- What is the Manba Finance IPO grey market premium?The grey market premium (GMP) for the Manba Finance IPO is currently at ₹33, with an expected listing gain of approximately 27.5%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.