Manba Finance Limited IPO
Manba Finance Limited IPO
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Manba Finance Limited's successfully completed its Initial Public Offering and commenced trading on 30-09-2024 at the NSE, BSE exchange. The company raised 1,25,70,000 Shares through this public offering, comprising 1,25,70,000 Shares in fresh capital.
The IPO was priced within the band of ₹114 to ₹120, with minimum application lots of 125 shares. The offering attracted significant investor interest during its subscription period from 23-09-2024 to 25-09-2024.
Share allotment was finalized on 26-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Manba Finance IPO About Company
Established in 1998, Manba Finance Limited is an NBFC-BL that provides financing solutions for two-wheelers, three-wheelers, electric vehicles, used cars, small business loans, and personal loans. It serves both salaried and self-employed customers and finances up to 85% of a vehicle’s purchase value. The company has a strong presence across urban, semi-urban, and rural regions, and has partnered with more than 1,100 dealers, including around 190 EV dealers in several states. As of March 31, 2024, Manba Finance employed 1,344 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Manba Finance IPO Strength Factors
- Strong Dealer Network: Trusted relationships with 1,100+ dealers strengthen market presence.
- Scalable Expansion: Ability to grow into new regions, currently operating across 66 locations in six states.
- Experienced Leadership: Guided by seasoned promoters supported by a professional management team.
Manba Finance IPO Risk Factors
- Operational Control Risks: Internal system failures or weak controls could affect business performance.
- Credit Exposure: Customers failing to pay on time may cause financial losses.
- Technology Lag Risk: Inability to keep up with new tech could reduce competitiveness.
Manba Finance IPO Lead Manager(s)
- Hem Securities Limited
Manba Finance IPO Promoter(s)
- Manba Investments and Securities Private Limited,
- Avalon Advisory and Consultant Services Private Limited
- Manba Fincorp Private Limited
- Manba Infotech LLP and Manish Kiritkumar Shah (HUF).
Manba Finance IPO FAQs
Manba Finance Limited IPO subscribed 224.1 times. The public issue subscribed 144.03 times in the retail category,148.55times in QIB, and 546.56 times in the HNI (10+) category byNovember 19, 2025 12:18:24 PM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Manba Finance IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Manba Finance IPO FAQs
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