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.