Manba Finance listing: Shares trade at ₹152.2 per share, up 5% after making a decent debut on NSE

• Between FY22 and FY24, Manba Finance saw a CAGR rise of 23.6% in its AUM and over 47% in its net profit. Moreover, NBFC credit in India is expected to grow 15% to 17% between FY24 and FY27, which could benefit the company.
• Manba Finance shares traded at ₹152.2 per share on the NSE as of 12:01 pm, up 5% after making a decent debut at ₹145 per share.

As the minimum bid quantity to apply for the Manba Finance IPO was 125 shares, successful bidders who were allotted shares in the primary issue would have been sitting on listing gains of ₹3,125 (₹25 x 125) as soon as trading began in the stock.

• Shares of Manba Finance Ltd. were listed on Monday at a 25% premium to the issue price of ₹120.

• The stock listed at ₹150 on the BSE and at ₹145 per share, up 20.8% over the issue price on NSE. Meanwhile, the company's market valuation stood at ₹791.02 crore on the BSE.

• Proceeds from the issues will be utilised to augment the capital base to meet the company's future capital requirements towards onward lending and for general corporate purposes.

• Manba Finance provides financial solutions for auto loans, used cars, small business loans and personal loans. It currently operates across 66 locations in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.

• Current price: ₹152.2 (+5.0%)
• Open: ₹145
• Issue price: ₹120
• High: ₹152.2
• Low: ₹144

• Traded volume (Lakhs): 38.17
• Traded value: ₹56.15 crore
• Total market capitalisation: ₹764.90 crore

Manba Finance stock hits a 5% upper circuit after making a decent debut on the NSE and BSE. As of 10:15 am, shares traded at ₹152.25 per share, up 5% compared to the opening price of ₹145 per share.

Manba Finance Limited shares listed at ₹145 per share, up 20.8% over the issue price on NSE on September 30. Meanwhile, on the BSE, shares listed at ₹150 per share.

Manba Finance made a decent debut on the exchanges. Stock listed at ₹145 per share, up 20.8% over the issue price on NSE. Meanwhile, on the BSE, shares listed at ₹150 per share, up 25% compared to the upper end of the IPO price band of ₹120 per share.

Investors can check the Manba Finance IPO share allotment status through the websites of the issue registrar, Link Intime India Private Ltd, and the NSE.

Manba Finance total IPO issue size is ₹150.84 crore, comprising entirely of fresh issue. The money raised from the fresh issue will be used to augment its capital base to meet future capital requirements. Its shares will be listed on the NSE and BSE.

• Established relationships with 1,100 dealers as its dealer network acts as a point of sale in its business model.
• The company had a gross and net NPA of 3.95% and 3.16%, respectively, in FY24.
• Ability to expand to new underpenetrated geographies as it is present in 66 locations across 6 states in India.
• Access to diversified and cost-effective long-term borrowing from PTC and issuance of privately 211 placed listed and unlisted NCDs along with banks.
• Technology-driven and scalable operating model with quick Turn Around Time (TAT) for loan processing.

Manba Finance IPO was booked over 511 times in the Non-Institutional Investors (NIIs) category, with demand for nearly 96.4 crore shares compared to 18.85 lakh shares reserved for the category. The retail portion of the IPO was booked 143.9 times, with applications for 63 crore shares compared to the allocation of 43.99 lakh shares.

Manba Finance Share Price: About the company

Incorporated in 1996, Manba Finance Limited is an NBFC that provides financial loans for the purchase of two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers and used cars. It also offers small business loans and personal loans.

As of FY24, nearly 98% of the total loan portfolio comprises new vehicle loans with an average ticket size (ATS) of around ₹80,000 for two-wheeler loans and an average ticket size (ATS) of around ₹1,40,000 for three-wheeler loans.

The company's target customers are mainly salaried and self-employed individuals. As of FY24, Manba Finance had an AUM (Assets Under Management) of ₹936 crore.