Manba Finance IPO: A New Opportunity is About to Open
IPO Information
Hello everyone! A new IPO is set to open—Manba Finance. This IPO will open on September 23rd and close on September 25th. It’s important to determine whether you should invest in it or not.
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Company Introduction
Manba Finance was established in 1998. It is a well-established company categorized as an NBFC. The company provides various types of loans, including:
- New Two Wheelers
- Three Wheelers
- Electric Two Wheelers
- Electric Three Wheelers
- Used Cars
- Small Business Loans
- Personal Loans
The company now also offers loans to employees and self-employed individuals.
Network and Growth
Manba Finance has an extensive 1100 dealer network across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. The industry growth is promising, with a projected CAGR of 13% to 15% from 2024 to 2027.
IPO Details
- Price Band: ₹114 to ₹120
- Issue Size: ₹150 Crore (Fresh Issue)
Small IPOs often result in bumper listings, and similar expectations are in place for this IPO.
Financial Position
The company’s financial condition is improving. Over the last three years, there has been:
- An increase in revenue
- Improvement in profit after tax
- Growth in net worth
However, the 90% dependence on two-wheeler loans is a concern. Any decline in this sector could negatively impact the company.
Potential Challenges
- Decrease in credit rating
- Operations limited to a few states
- Ongoing legal issues
Conclusion
Before investing in the Manba Finance IPO, consider all aspects thoroughly. Your feedback is important to us; let us know your thoughts in the comments. And please share this information with your friends. Thank you!