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Manba Finance Limited IPO Date, Price, Review and Details

 

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Manba Finance Limited IPO

September 23, 2024 - September 25, 2024 Closed

Manba Finance Limited IPO

Manba Finance Limited engaged in are a Non-Banking Financial Company-Base Level (NBFC-BL) fleet of new two-wheelers (2Ws,) three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used vehicles for, small business loans and personal loans with AUM size exceeding ₹ 90,000 lakhs with the March 31, 2024, AUM size. Their primary target customers are (i) salaried employees; and (ii) self-employment. They tailor their offerings to each of these customer groups and develop customized programs to entice them to borrow from them.

Company Promoters:         

·       Manish Kiritkumar Shah
·       Nikita Manish Shah
·       Monil Manish Shah
·       Manba Investments Securities Private Limited
·       Avalon Advisory and Consultant Services Private Limited
·       Manba Fincorp Private Limited
·       Manba Infotech Llp
·       Manish Kiritkumar Shah (Huf)

Objects of this Issue:

·       The Company proposes to use the proceeds to increase the capital used to meet the future capital needs of the Company.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2024

As on 31 Mar 2023

As on 31 Mar 2022

Total Assets

97,375.39

78,724.75

56,145.80

Total Liabilities

97,161.63

78,445.68

40,971.42

Net Profit

3,141.97

1,658.01

974.02

Manba Finance Limited IPO Schedule

1.     Bid or Offer Opens on: 23 September 2024
2.     Bid or Offer Closes on: 25 September 2024
3.     Finalization of BoA: 26 September 2024
4.     Initiation of Refunds: 26 September 2024
5.     Credit of share to Demat account: 27 September 2024
6.     Listing Date: 30 September 2024

Manba Finance Limited IPO Lot Size

The market lot size for the MANBA FINANCE LIMITED IPO is 1 share. You can place a minimum order of 1 share and a maximum order based on the applicable limits.

Application

Lots

Shares

Amount

Retail

Minimum

1

125

₹15,000

Maximum

13

1625

₹195,000

S-HNI

Minimum

14

1,750

₹210,000

S-HNI

Maximum

66

8,250

₹990,000

B-HNI

Minimum

67

8,375

₹1,005,000


Company Contact Details:

Manba Finance Limited IPO

324, Runwal Heights Commercial Complex, L.B.S

Marg, Opp. Nirmal Lifestyle, Mulund (West), Mumbai 4

00 080, Maharashtra, India

Phone: +91 22 6234 6598

Email:  investorrelation@manbafinance.com

Website: www.manbafinance.com 

 

Manba Finance Limited IPO Registrar Details:

Link Intime India Private Limited

C-101, 1st Floor, 247 Park,

L.B. S. Marg, Vikhroli (West)

Mumbai 400 083

Maharashtra, India

Phone:  +91 81081 14949

Email:  manbafinanceipo@linkintime.co.in

Website: www.linkintime.co.in


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