|
|
|
Issue Open Date
|
23-Sep-24
|
|
|
|
Issue Closing Date
|
25-Sep-24
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
114
-
120
|
|
|
|
Minimium Application No.
|
125
|
|
|
|
Issue Size (Shares)
|
8799000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
1885500
|
964714625
|
511.649230973217
|
|
Qualified Institutional Buyers
|
2514000
|
373448500
|
148.54753381066
|
|
Retail Individual Investors
|
4399500
|
633671750
|
144.032674167519
|
|
|
|
|
Business Description
We are a NBFC-BL providing financial solutions for New 2Ws, 3Ws, EV2Ws, EV3Ws, Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ? 80,000 lakhs as on December 31, 2023. About 99% of our loan portfolio comprises of New Vehicle Loans with an average ticket size (ATS) of around ? 0.80 lakhs. We provide financial solutions to our target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. We are based out of Mumbai, Maharashtra and operate out of 65 Locations connected to 28 branches across five (5) states in western, central and north India. We have established deep and long-term relationships with more than 850 Dealers, including more than 60 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh and Madhya Pradesh. We have recently expanded our loan portfolio to Used Car Loans, Small Business Loans and Personal Loans and we intend to leverage our existing network to further penetrate the market with our new products.
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
37669410
|
|
|
|
Offered to Public
|
12570000
|
|
|
|
Promoter's Holding (Pre-Issue)
|
100
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
Address |
324 Runwal Heights Commercial Complex
L. B. S Marg
Opp. Nirmal Lifestyle
Mulund (West)
Mumbai,
Maharashtra,
400080
Phone : 022-62346598 / 62346666
Email : info@manbafinance.com
Website : www.manbafinance.com
|
|
|
Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
|
|
|
Listed at |
|
BSE, NSE
|
|
|
Lead Manager |
|
Hem Securities Ltd.
|
|
|
Promoters |
Avalon Advisory and Consultant Services Pvt Ltd.
Manba Fincorp Pvt Ltd.
Manba Infotech LLP
Manba Investments and Securities Pvt Ltd.
Manish Kiritkumar Shah
Manish Kiritkumar Shah (HUF)
Monil Manish Shah
Nikita Manish Shah
|
|
