{"id":45637,"date":"2024-09-23T13:06:00","date_gmt":"2024-09-23T07:36:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=45637"},"modified":"2025-11-10T13:33:34","modified_gmt":"2025-11-10T08:03:34","slug":"ipo-bonanza-this-week-rs900-crores-in-11-offerings-14-listings-key-details-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/ipo-bonanza-this-week-rs900-crores-in-11-offerings-14-listings-key-details-you-need-to-know\/","title":{"rendered":"Upcoming IPOs This Week: \u20b9900 Crores in 11 Offerings, 14 Listings \u2013 Key Details You Need to Know"},"content":{"rendered":"
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The IPO<\/a> frenzy continues as India’s primary market gears up for another action-packed week. A total of 11 new companies are set to debut, including two highly anticipated mainboard listings and nine SME IPOs. Collectively, these companies are aiming to raise a substantial \u20b9900.13 crore. <\/p>\n\n\n\n

Adding to the excitement, 14 listings are scheduled, featuring notable names like Arkade Developers, Northern Arc Capital, and Western Carriers, which have already garnered significant investor interest. Let’s dive into the details of these upcoming IPOs <\/a>and see what they offer.<\/p>\n\n\n\n

Manba Finance Ltd. <\/strong>IPO<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Offer Price<\/strong><\/td>\u20b9114 \u2013 \u20b9120 per share<\/td><\/tr>
Face Value<\/strong><\/td>\u20b910 per share<\/td><\/tr>
Opening Date<\/strong><\/td>23 September 2024<\/td><\/tr>
Closing Date<\/strong><\/td>25 September 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/strong><\/td>12,570,000  <\/td><\/tr>
Total Issue Size (in \u20b9)<\/strong><\/td>\u20b9150.84 Cr<\/td><\/tr>
Issue Type <\/strong><\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/strong><\/td>125 Shares<\/td><\/tr>
Listing at <\/strong><\/td>BSE<\/a>, NSE<\/a><\/td><\/tr><\/tbody><\/table>
Source: RHP<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

Manba Finance Limited is offering a book built issue of \u20b9150.84 crores. The IPO<\/a> is scheduled to be listed on both BSE and NSE, with the allotment expected on September 26th and the listing tentatively set for September 30th. The minimum lot size is 125 shares, requiring a minimum investment of \u20b915,000 for retail investors. For HNIs, the minimum lot size investment is \u20b9210,000 for sNII and \u20b91,005,000 for bNII.<\/p>\n\n\n\n

Objectives of Manba Finance IPO<\/strong><\/h3>\n\n\n\n

Manba Finance plans to use the IPO<\/a> proceeds to augment its capital base and meet future capital requirements.<\/p>\n\n\n\n

Manba Finance GMP<\/strong><\/h3>\n\n\n\n

The current grey market premium (GMP) for Manba Finance is \u20b960. This suggests that the company’s shares are trading at a premium of \u20b960 in the grey market, indicating positive investor sentiment. Based on the IPO<\/a> price band and the GMP, the estimated listing price is \u20b9180, which is 50% higher than the IPO price.<\/p>\n\n\n\n

Company Overview<\/strong><\/h3>\n\n\n\n

Manba Finance Limited is a non-banking finance company (NBFC-BL) that offers financial solutions for new and used two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, small business loans, and personal loans. They primarily target employees and the self-employed, tailoring their offerings to each customer category. The company finances up to 85% of the vehicle’s purchase price and has branches in urban, semi-urban, and metropolitan areas. They have established relationships with over 1,100 dealers, including 190 EV dealers.<\/p>\n\n\n\n

Financial Strength<\/strong><\/h3>\n\n\n\n

Manba Finance has shown strong financial growth, with revenue increasing by 44% and profit after tax<\/a> (PAT) rising by 90% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.<\/p>\n\n\n\n

SWOT Analysis<\/strong> of Manba Finance Ltd IPO. <\/strong><\/h3>\n\n\n\n
STRENGTHS<\/span><\/strong><\/td>WEAKNESSES<\/span><\/strong><\/td><\/tr>
Manba Finance has a seasoned management team with expertise in the NBFC sector.

The company offers a range of financial products catering to different customer segments. Their established relationships with over 1,100 dealers provide a solid customer base.

The company’s focus on electric vehicles and small business loans aligns with emerging market trends.<\/td>		While they have a presence in multiple regions, concentration in certain areas might limit their growth potential.

The NBFC sector is subject to various regulations, which can impact the company’s operations.

The NBFC industry is competitive, with numerous players offering similar financial services<\/a>.<\/td><\/tr>
OPPORTUNITIES<\/span><\/strong><\/td>THREATS<\/span><\/strong><\/td><\/tr>
The increasing demand for financial services, particularly in rural areas, can drive growth for Manba Finance.

The company can explore opportunities to expand its operations to new regions or segments.

Leveraging technology can improve efficiency and customer experience.<\/td>		A slowdown in the economy can impact demand for financial services.

Higher interest rates<\/a> can increase the cost of funds for NBFCs, affecting profitability.

Banks are also offering similar financial products, intensifying competition.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

KRN Heat Exchanger and Refrigeration Limited <\/strong>IPO<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Offer Price<\/strong><\/td>\u20b9209 – \u20b9220 per share<\/td><\/tr>
Face Value<\/strong><\/td>\u20b910 per share<\/td><\/tr>
Opening Date<\/strong><\/td>25 September 2024<\/td><\/tr>
Closing Date<\/strong><\/td>27 September 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/strong><\/td>15,543,000<\/td><\/tr>
Total Issue Size (in \u20b9)<\/strong><\/td>\u20b9341.95 Cr<\/td><\/tr>
Issue Type <\/strong><\/td>Book Built Issue IPO<\/td><\/tr>
Lot Size<\/strong><\/td>65 Shares<\/td><\/tr>
Listing at <\/strong><\/td>BSE, NSE<\/td><\/tr><\/tbody><\/table>
Source: RHP<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

KRN Heat Exchanger is offering a book built issue of \u20b9341.95 crores. The IPO is scheduled to be listed on both BSE and NSE, with the allotment expected on September 30th and the listing tentatively set for October 3rd. The minimum lot size is 65 shares, requiring a minimum investment of \u20b914,300 for retail investors. For HNIs, the minimum lot size investment is \u20b9200,200 for sNII and \u20b91,001,000 for bNII.<\/p>\n\n\n\n

Objectives of KRN Head Exchanger IPO<\/strong><\/h3>\n\n\n\n

KRN Heat Exchanger plans to use the IPO proceeds to:<\/p>\n\n\n\n