Manba Finance Ltd. IPO: Key Details

We are a NBFC-BL providing financial solutions for New 2Ws, 3Ws, EV2Ws, EV3Ws, Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ? 80,000 lakhs as on December 31, 2023. About 99% of our loan portfolio comprises of New Vehicle Loans with an average ticket size (ATS) of around ? 0.80 lakhs. We provide financial solutions to our target customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. We are based out of Mumbai, Maharashtra and operate out of 65 Locations connected to 28 branches across five (5) states in western, central and north India. We have established deep and long-term relationships with more than 850 Dealers, including more than 60 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh and Madhya Pradesh. We have recently expanded our loan portfolio to Used Car Loans, Small Business Loans and Personal Loans and we intend to leverage our existing network to further penetrate the market with our new products.

Manba Finance Ltd. IPO Details

IPO Date September 23, 2024 to September 25, 2024
Listing Date September 30 2024
Face Value ₹10 per share
Price Band ₹114 to ₹120 per share
Lot Size 125 Shares
Total Issue Size 8799000 Shares
Issue Type Book building
Listing At BSE  NSE 
Share holding pre issue 37669410
Share holding post issue -

Manba Finance Ltd. IPO Promoter Holding

The promoter of the company is Manish Kiritkumar Shah, Nikita Manish Shah, Monil Manish Shah, Manba Investments and Securities Pvt Ltd., Avalon Advisory and Consultant Services Pvt Ltd., Manba Fincorp Pvt Ltd., Manba Infotech LLP, Manish Kiritkumar Shah (HUF),

Share Holding Pre Issue 100%
Share Holding Post Issue

Manba Finance Ltd. IPO Objectives

The Company proposes to utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements.

Manba Finance Ltd. IPO Prospectus

Manba Finance Ltd. Lead Managers

  • Hem Securities Ltd.

Manba Finance Ltd. IPO Contact Information

  • Bhavisha Ashish Jain
  • Phone: +91 22 6234 6598
  • Email: investorrelation@manbafinance.com

Manba Finance Ltd. IPO Registrar

  • Name: MUFG Intime India Pvt Ltd.
  • Phone: +
  • Email: