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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmenting the capital base
Deploying the net fresh issue proceeds to strengthen the company's capital base and support future lending and business growth.
(₹ in Crore)
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Manba Finance Limited is a non-deposit-taking, base-layer non-banking financial company that funds the purchase of new and used vehicles and offers related retail lending products. Its book covers financing for new two-wheelers, three-wheelers and their electric variants, along with used cars, small business loans and personal loans, serving mainly salaried and self-employed retail borrowers. Based in Mumbai and incorporated in the late 1990s, the company has built a presence across roughly 66 locations connected to about 28 to 29 branches spread over five to six states in western, central and northern India, including Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. It originates a large share of its loan book through a network of more than 1,100 vehicle dealers, and its managed assets stood at roughly Rs 900 crore as of March 2024. The company relies on a technology-enabled, dealer-led distribution model designed to keep loan turnaround times short, which has supported steady growth in its loan book, revenue and profitability over the preceding three fiscal years. Its stated strategy is to deepen penetration in existing markets while extending the same dealer-network approach into new, underserved geographies.
Ahead of the offer the company allocated shares to anchor investors, raising about Rs 45.25 crore through the anchor book at the issue's upper price band.
Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 10:15 PM
Wide dealer network
The company sources a large share of its loans through a network of more than 1,100 vehicle dealers, giving it broad, low-cost origination reach across its operating states.
Technology-enabled loan processing
A digital, technology-driven process lets the company assess and disburse loans quickly, supporting both customer experience and operating efficiency.
Experienced promoter group
The promoters bring a long history in vehicle and retail financing, which has shaped the company's underwriting practices and dealer relationships.
Concentration on dealer sourcing
A large majority of loans, roughly 89 percent, are originated through third-party dealers, so any disruption to those relationships could materially affect new business volumes.
Sensitivity to borrowing costs
As a leveraged NBFC, the company's margins are sensitive to its own credit rating and the rate at which it can raise borrowings; a rating downgrade could raise funding costs.
Manba Finance Limited
324, Runwal Heights, Opp Nirmal Lifestyle, LBS Marg, Mulund West, Mumbai - 400080
View on Maps →MUFG Intime India Private Limited
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