The worth band for the IPO has been mounted at Rs 114-120 a share.
The IPO is totally a recent situation of as much as 1,25,70,000 shares with no offer-for-sale element. The entire dimension of the Rs 151 crore situation has been calculated primarily based on the worth on the higher band.
The corporate intends to make use of the proceeds from the recent issuance to reinforce its capital base and meet future capital necessities.
The difficulty can be made by means of the book-building course of, whereby no more than 50% of the difficulty can be allotted to certified institutional patrons (QIBs), not lower than 15% to non-institutional buyers (NIIs), and never lower than 35% to retail buyers.
Based mostly in Mumbai, the corporate gives monetary options to each salaried and self-employed people, providing a fast turnaround time (TAT) for mortgage sanction and disbursement.In fiscal 2024, Manba Finance had one of many highest shares of two-wheeler loans, accounting for 92% of its belongings underneath administration (AUM). It additionally ranked third in AUM per department at Rs 14.41 crore, behind firms similar to Arman Monetary, Baid Finserv, Berar Finance, Hero Fincorp, MAS Monetary, Muthoot Fincorp, and TVS Credit score. Manba Finance additionally had the quickest department progress, with a CAGR of 40.3% from FY 2022 to FY 2024.Manba Finance’s AUM elevated from Rs 495.82 crore in FY 2022 to Rs 936.85 crore in FY 2024, reflecting a compound annual progress fee (CAGR) of 37.46%.
The corporate posted a revenue of Rs 31.41 crore in FY24, an 89.50% enhance from Rs 16.58 crore within the earlier yr. Income for FY24 grew considerably to Rs 191.58 crore from Rs 133.32 crore in FY23, an increase of 43.71%, pushed primarily by greater curiosity revenue.
Manba Finance will record its fairness shares on the BSE and NSE. Hem Securities is the only book-running lead supervisor, and Hyperlink Intime India is the registrar for the difficulty.
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