• Products
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Non Convertible Debentures
    Sovereign Gold Bond
    NRI Account
    Corporate/HUF Trading Account
    Private Client Group
    SipIt
    MTF
  • Platform
    Trading Platforms
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Trade From Charts
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Trading Platforms
    Features and Tools
    Calculators
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Trade From Charts
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Stock Research Recommendations
    MTF Stock Recommendations
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Stock Research Recommendations
    MTF Stock Recommendations
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
  • Market
    Market Movers
    Share Market Today
    Top Gainers
    Top Losers
    Stocks
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Tata Capital IPO
    Quarterly Results
    Handson Global Management (HGM)'s Q1 FY 2025-26 Quarterly Results
    Swan Corp's Q1 FY 2025-26 Quarterly Results
    Borosil Renewables' Q1 FY 2025-26 Quarterly Results
    Jindal Steel's Q1 FY 2025-26 Quarterly Results
    Market Movers
    Stocks
    Indices
    Mutual Funds
    IPO
    Quarterly Results
    Share Market Today
    Top Gainers
    Top Losers
    52 Week High
    52 Week Low
    Volume Shockers
    Large Cap
    Mid Cap
    Small Cap
    State Bank of India
    Reliance Industries Ltd
    HDFC Bank Ltd
    Infosys Ltd
    Tata Consultancy Services Ltd
    Hindustan Unilever Ltd
    ITC Ltd
    IRCTC
    NSE
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    BSE
    Sensex
    BSE Bankex
    BSE Small Cap
    BSE Mid Cap
    BSE 100
    Indian Indices
    Global Indices
    Gift Nifty
    S&P
    Nikkei Index
    Hong Kong Index
    KOSPI Index
    Global Indices
    AMC's
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    Schemes
    Parag Parikh Flexi Cap
    SBI Small Cap Fund
    SBI Contra Fund
    Nippon Small Cap Fund
    ICICI Pru Technology Fund
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Tata Capital IPO
    Austere Systems IPO
    Sharvaya Metals IPO
    Vigor Plast India IPO
    Vashishtha Luxury Fashion IPO
    Urban Company IPO
    Shringar House of Mangalsutra IPO
    Taurian MPS IPO
    Karbonsteel Engineering IPO
    Handson Global Management (HGM)'s Q1 FY 2025-26 Quarterly Results
    Swan Corp's Q1 FY 2025-26 Quarterly Results
    Borosil Renewables' Q1 FY 2025-26 Quarterly Results
    Jindal Steel's Q1 FY 2025-26 Quarterly Results
    SRI LOTUS DEVLPRS N RTY L's Q1 FY 2025-26 Quarterly Results
    Aeroflex Neu's Q1 FY 2025-26 Quarterly Results
    PVP Ventures' Q1 FY 2025-26 Quarterly Results
    NDR INVIT Trust's Q1 FY 2025-26 Quarterly Results
    Jaiprakash Associates' Q1 FY 2025-26 Quarterly Results
    Alps Industries' Q1 FY 2025-26 Quarterly Results
    Brightcom Group's Q1 FY 2025-26 Quarterly Results
    Visa Steel's Q1 FY 2025-26 Quarterly Results
  • Learn
    Stockshaala
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Events
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Stockshaala
    Resource
    Investing Guide
    Events
    Basics of Stock Market
    Introduction to Fundamental Analysis
    Introduction to Technical Analysis
    Derivatives, Risk management & Option Trading Strategies
    Personal Finance
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Budget 2025
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
  • Partner
    Business Associates
    Kotak Connect Plus
    Startup connect
    Business Associates
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
  • News
​

₹15,000 / 125 shares

Manba Finance IPO Details

RHP/DRHP

Issue Date

--

Investment/lot

₹15,000

Price Range

₹114 - ₹120

Lot Size

125

IPO Size

₹150.84 Cr

IPO Listing Details

Listing On

30 Sep'24

Issue Price

₹120

Listed Price

₹ 145

Retail Gain/Listing Gain

â–²20.83%

Schedule of Manba Finance IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

30/09/2024

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:

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

  • 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.

  • Any downgrade in their credit ratings could increase their borrowing costs, affect their ability to obtain financing and hurt their business.

  • Their operations could be adversely affected by strikes, increased remuneration demands by their employees or any other kind of disputes with their employees.

  • Increase penetration in existing markets and diversify into new markets.

  • Continue to focus on vehicle finance and the growing 2Ws/3Ws/EV2Ws/EV3Ws market.

  • Diversify their portfolio into used car loans, small business loans and personal loans.

Here are the key financials for Manba Finance Limited:

Loading chart...
Loading chart...
Loading chart...
WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Manba Finance Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

•

04m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any 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.

Company NameBidding Dates
04 Sep - 09 Sep'25
04 Sep - 09 Sep'25
03 Sep - 09 Sep'25
05 Sep - 10 Sep'25
08 Sep - 10 Sep'25
08 Sep - 10 Sep'25
08 Sep - 10 Sep'25
10 Sep - 12 Sep'25
10 Sep - 12 Sep'25

Manba Finance IPO FAQs

Manba Finance IPO will list on 2024-09-30.

150.84 is the issue size of Manba Finance IPO.

The minimum lot size is 125 shares and the investment required is ₹15000.

The price band of Manba Finance IPO is ₹114 to ₹120.

You can read more about Manba Finance and its IPO from the company’s red herring prospectus (RHP) here.

The Manba Finance Limited IPO has an issue size of ₹150.84 crores. The IPO opens for subscription on 23/09/2024 and closes on 25/09/2024.

Link Intime India Private Limited is the registrar for this IPO.

Company NameBidding Dates
04 Sep - 09 Sep'25
04 Sep - 09 Sep'25
03 Sep - 09 Sep'25
05 Sep - 10 Sep'25
08 Sep - 10 Sep'25
08 Sep - 10 Sep'25
08 Sep - 10 Sep'25
10 Sep - 12 Sep'25
10 Sep - 12 Sep'25
Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -