Last Updated on September 23, 2024 by Wenivesh Team
Manba Finance Limited is launching its Initial Public Offering (IPO) soon, with dates set for September 23 to September 25, 2024. Investors are eagerly awaiting updates on the Manba Finance Limited IPO GMP today, which will give an indication of the market’s sentiment towards the company’s listing.
In this blog, we will break down the key aspects of the IPO, including Manba Finance Limited IPO GMP today, subscription details, financial performance, and other important factors that investors should consider.
IPO Overview and Important Dates
The Manba Finance Limited IPO will have a price band of ₹114 to ₹120 per share, with a face value of ₹10. The total issue size stands at ₹150.84 crores, consisting of a fresh issue of 1,25,70,000 shares. The IPO will be listed on both the BSE and NSE.
| Event | Date |
|---|---|
| IPO Opening Date | September 23, 2024 |
| IPO Closing Date | September 25, 2024 |
| Allotment Date | September 28, 2024 |
| Listing Date | September 30, 2024 |
Manba Finance Limited IPO GMP Today
Manba Finance Limited IPO GMP Today is ₹60. This indicates a favorable sentiment in the grey market regarding the IPO’s potential performance upon listing. Investors are optimistic, expecting the stock to perform well once it hits the market.
However, as the IPO opening date approaches, the GMP may fluctuate based on overall market conditions and investor sentiment. Keeping an eye on the Grey Market Premium in the days leading up to the listing can provide a valuable early insight into potential listing gains.
Subscription Details
The Manba Finance Limited IPO is expected to generate interest from a wide range of investors. The IPO includes a fresh issue of 1,25,70,000 shares, aiming to raise approximately ₹150.84 crores.
The subscription details will be updated once the IPO opens. Here’s a brief overview of how the subscription process will work:
| Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIBs) | 33% |
| Non-Institutional Investors (NIIs) | 10.63 times |
| Retail Individual Investors (RIIs) | 10.78 times |
Investors can track the live subscription data during the IPO to gauge market demand.
Financial Performance of Manba Finance Limited
Manba Finance Limited has shown strong financial growth over the last few years. The company has experienced substantial increases in its revenue, net income, and Assets Under Management (AUM).
| Year | Revenue (₹ Crores) | Net Profit (₹ Crores) | AUM (₹ Crores) |
|---|---|---|---|
| FY 2022 | 106.59 | 9.74 | 495.82 |
| FY 2023 | 133.32 | 16.58 | 759.47 |
| FY 2024 (Proj) | 191.58 | 31.41 | 936.85 |
The company’s AUM has grown at a CAGR of 37.46% from FY2022 to FY2024, showing robust expansion in its core financing activities.
Manba Finance Limited IPO GMP Today and Market Sentiment
The Manba Finance Limited IPO GMP today is an important indicator of investor sentiment leading up to the listing. Although the GMP is currently ₹60, it is expected to rise or fall as the IPO progresses, and interest from institutional and retail investors grows.
Objectives of the IPO
The main objectives of the Manba Finance Limited IPO are:
- To augment the company’s capital base to meet future requirements.
- To strengthen its ability to provide loans for two-wheelers, three-wheelers, and electric vehicles, expanding its reach in the market.
Key Financial Ratios
Manba Finance has performed well in terms of profitability, showing strong returns for investors.
| Financial Metric | FY 2022 | FY 2023 | FY 2024 (Proj) |
|---|---|---|---|
| Earnings Per Share (EPS) | ₹2.59 | ₹4.40 | ₹4.46 (Ann.) |
| Net Profit Margin (%) | 9.14% | 12.44% | 19.03% |
| Return on Equity (RoE) | 11.65% | 15.66% | To be updated |
The company’s increasing EPS and strong profit margins highlight its solid performance in the competitive NBFC space.
Conclusion
The Manba Finance Limited IPO offers an excellent opportunity for investors interested in the financial sector. With a growing AUM and strong profitability, the company is poised for continued growth. Keep an eye on the Manba Finance Limited IPO GMP today as it provides a snapshot of the stock’s potential market value post-listing.
If you are considering investing, stay updated on the Manba Finance Limited IPO GMP today and monitor how the subscription progresses. This IPO, with its strong fundamentals and market positioning, could be a rewarding investment opportunity.
Hope this blog On Manba Finance Limited IPO has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.