September 23, 2024 - September 25, 2024

Manba Finance IPO Review & Recommendations

Arihant Capital Markets Ltd, BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, Indsec Securities, Marwadi Shares and Finance Ltd, Nirmal Bang, Stoxbox by BP Equities Pvt Ltd and Ventura Securities Limited have given "Apply" recommendation to Manba Finance IPO. Swastika Investmart Ltd has given "May Apply" recommendation to Manba Finance IPO. Capital Market has "Neutral" view about the IPO. Axis Capital and JM Financial Institutional Securities have "Not Rated" the IPO.

Manba Finance IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	9	1	1	0	2
%	69.23	7.69	7.69	0.00	15.38

Manba Finance IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Arihant Capital Markets Ltd	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	Neutral
Dilip Davda	Apply
Indsec Securities	Apply
JM Financial Institutional Securities	Not Rated
Marwadi Shares and Finance Ltd	Apply
Nirmal Bang	Apply
Stoxbox by BP Equities Pvt Ltd	Apply
Swastika Investmart Ltd	May Apply
Ventura Securities Limited	Apply

Manba Finance IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Manba Finance IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

Manba Finance IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is one of the leading financier for two and three wheeler and has expanded its services for used cars, personal loans, small business loans etc. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears fully priced. Investors may park funds for long term. Read detail review...

Manba Finance IPO Peer Comparison

Manba Finance Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Manba Finance Limited	8.34	53.26		15.66	2.26	Consolidated
Baid Finserv Limited	1.08	13.89	13.65	7.75		Consolidated
Arman Financial Services Ltd.	195	775.7	8.57	21.36		Consolidated
Mas Financial Services Ltd	15.31	108.71	18.13	14.25		Consolidated

Notes:

All the financial information for listed industry peer mentioned above is on a consolidated basis unless otherwise available only on standalone) and is sourced from the filings made with stock exchanges available on the BSE for the Financial Year ended March 31, 2024.
Source for Manba Finance Limited: Based on the Restated Financial Statements for the year ended March 31, 2024.
The P/E Ratio has been computed based on the closing market price of equity shares on August 22, 2024, divided by the Basic EPS.
Return on Net Worth (%) = Net profit after tax, as restated / Average Net worth as restated as at year-end.
Net worth has been computed as sum of paid-up share capital and other equity.
NAV is computed as the closing net worth divided by the closing outstanding weighted average number of equity shares.

Manba Finance IPO Review by Members

Manba Finance IPO Reviews, analysis and views by popular members. Read Manba Finance Limited IPO reviews by retail investors to find recommended ipo to buy.

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Manba Finance IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	2
%	33.33	0.00	0.00	66.67

Member	Review
Dhanvantri	Apply for Listing Gain at Cut-off Price Lead Manager Hem Securitie who have good track record .Only concern about Huge Borrowing against surplus. APPLY 2 September 18, 2024 4:16:13 AM
chIPOrgarh (300+ Posts)	Avoid Avoid on long term perspective. 1 September 17, 2024 10:47:36 AM
Baji	Avoid NPAs are concern September 20, 2024 4:00:50 PM

Member

Review

Dhanvantri

Apply for Listing Gain at Cut-off Price

Lead Manager Hem Securitie who have good track record .Only concern about Huge Borrowing against surplus. APPLY

September 18, 2024 4:16:13 AM

chIPOrgarh (300+ Posts)

Avoid

Avoid on long term perspective.

September 17, 2024 10:47:36 AM

Baji

Avoid

NPAs are concern

September 20, 2024 4:00:50 PM

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