About Manba Finance

IPO date

23rd – 25th Sep 2024

Listing date

30 Sep 2024

Price range

₹114 – ₹120 Lot size 125 — ₹15000

Issue size

151cr

Incorporated in 1998, Manba Finance is a non-banking financial company (NBFC-BL) providing financial solutions for new two-wheeler (2Ws,) three-wheeler (3Ws), electric two-wheeler (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans. It is based out of Mumbai, Maharashtra, and operates out of 66 locations connected to 29 branches across six states in western, central, and north India.  The company’s AUM size is more than ₹ 900 crores as of March 31, 2024, with salaried and self-employed clients being their target customers.