Manba Finance IPO Details
Issue Date
--
Price Range
₹114 - ₹120
Lot Size
125
IPO Size
₹150.84 Cr
Manba Finance IPO Listing Details
Listing On
30 Sep'24
Issue Price
₹120
Listed Price
₹ 145
Retail Gain/Listing Gain
▲20.83%
Schedule of Manba Finance IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
30/09/2024
Manba Finance Company Background
Manba Finance is a non-banking financial company-base layer (NBFC-BL) providing financial solutions for new two wheelers (2Ws,) three wheelers (3Ws), electric two wheelers (EV2Ws), electric three-wheelers (EV3Ws), and used cars. They also provide small business loans and personal Loans. They have an AUM size of more than ₹90,000 lakhs as of March 31, 2024.
With that, let's take a look at the competitive strengths and risk factors for Manba Finance Limited:
Manba Finance Competitive Strengths
Established relationships with Dealers
Manba Finance has established strong relationships with over 1,100 dealers, including more than 190 EV dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
The company’s strong relationship with the dealers provides the immediate access to the customers’ funding requirements details and helps them respond to these requirements.
Ability to expand to new under-penetrated geographies
The company scaled up its operations in 2009 with vehicle financing and is now in 66 locations spread across six states in western, central and north India. They initially focused on Maharashtra and after gaining the necessary knowledge and experience, they expanded their operations to other states like Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
Along with quick expansion, their AUM has grown from ₹49,582.62 lakhs in FY22 to ₹93,685.54 lakhs in FY24, at a CAGR of 37.46%.
Access to diversified and cost-effective long-term borrowing
The company secures funding from diversified sources including term loans and cash credit facilities from public sector banks, private sector banks, small finance banks and other financial institutions. Financial instruments like NCDs and PTC help them achieve optimum levels of financial management and controls.
Risk Factors
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The company’s business and prospects can be hurt if they are not able to maintain relationships with their dealers, from whom they derive a significant portion of their new vehicle loan business.
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Any downgrade in their credit ratings could increase their borrowing costs, affect their ability to obtain financing and hurt their business.
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Their operations could be adversely affected by strikes, increased remuneration demands by their employees or any other kind of disputes with their employees.
Key Strategies
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Increase penetration in existing markets and diversify into new markets.
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Continue to focus on vehicle finance and the growing 2Ws/3Ws/EV2Ws/EV3Ws market.
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Diversify their portfolio into used car loans, small business loans and personal loans.
Manba Finance Limited Key Financials
Here are the key financials for Manba Finance Limited:
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How To Apply for Manba Finance Ltd IPO?
Here are the steps to apply for Manba Finance Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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