SEPTEMBER 18, 2024

Manba Finance IPO Detail: 5 things to know

Established in 1998, Manba Finance Limited is an NBFC offering auto loans, small business loans, and personal loans, to salaried and self-employed individuals through 1,100+ dealer partnerships across urban and rural areas.

The Manba Finance Limited IPO will open for subscription on September 23, 2024, and will close on September 25, 2024.

The total issue size of ₹150.84 crore consists of a fresh issue of 1.26 crore shares.

The price band is set at ₹114 to ₹120 per share, with a minimum investment of ₹15,000 for a lot of 125 shares.

The company proposes to utilise the funds raised towards augmenting the capital base to meet the company’s future capital requirements.

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