{"id":4047,"date":"2024-09-21T12:44:50","date_gmt":"2024-09-21T07:14:50","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4047"},"modified":"2024-09-21T14:27:53","modified_gmt":"2024-09-21T08:57:53","slug":"review-of-manba-finance-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-manba-finance-ipo\/","title":{"rendered":"Review of Manba Finance Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n

Manba Finance IPO Price: <\/strong>\u20b9114 to \u20b9120 per share
IPO Dates:<\/strong> 23 September 2024 – 25 September 2024<\/p>\n\n\n\n

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\"Manba<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Company Overview<\/strong><\/h2>\n\n\n\n

Established in 1998, Manba Finance Limited is a Non-Banking Financial Company-Base Layer (NBFC-BL) that provides a diverse range of financial solutions. The company’s offerings cater to the purchase of new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), as well as used cars. In addition to vehicle financing, the company extends its services to small business loans and personal loans.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Target Customers and Customized Offerings<\/h2>\n\n\n\n

Manba Finance tailors its financial products to meet the specific needs of two main customer segments: salaried individuals and the self-employed. The company provides customized loan programs for these groups, typically financing up to 85% of the vehicle\u2019s on-road price, with the remaining balance contributed by the customer. This customer-centric approach allows Manba Finance to offer flexible, attractive loan options to a wide range of individuals.<\/p>\n\n\n\n

Operational Reach and Branch Network<\/h2>\n\n\n\n

Headquartered in Maharashtra, Manba Finance operates through 66 locations connected to 29 branches across six states in western, central, and northern India. The company has an extensive presence in urban, semi-urban, and metropolitan areas, as well as surrounding rural regions. Manba Finance has developed strong relationships with over 1,100 dealers, including more than 190 electric vehicle (EV) dealers, particularly in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh.<\/p>\n\n\n\n

Expansion into New Loan Sectors<\/h2>\n\n\n\n

In recent years, Manba Finance has expanded its portfolio to include used car loans, small business loans, and personal loans. The company’s growing loan book had an AUM (Assets Under Management) of more than \u20b990,000 lakhs as of March 31, 2024, making it one of the leading financial solutions providers in the country. Its ability to offer quick turnaround times (TAT) for loan sanctioning and disbursement further enhances its appeal to customers seeking prompt financial assistance.<\/p>\n\n\n\n

History and Regulatory Status<\/h2>\n\n\n\n

Originally incorporated as \u2018Manba Finance Pvt. Ltd\u2019 in May 1996, the company transitioned to a public limited entity in January 2005, adopting the name \u2018Manba Finance Ltd\u2019. In January 2022, Manba Finance received its registration certificate from the Reserve Bank of India (RBI), allowing it to operate as an NBFC without accepting public deposits.<\/p>\n\n\n\n

Competitive Strengths<\/h2>\n\n\n\n

Manba Finance’s competitive edge lies in several key areas:<\/p>\n\n\n\n