The Manba Finance IPO minimum market lot is 125 shares with ₹15,000 application amount. The Manba Finance IPO is a Mainline IPO, and it is to be listed on BSE & NSE.
Manba Finance Limited is the Non-Banking Financial Company-Base Layer (NBFC-BL) providing financial solutions for New two wheeler (2Ws,) three wheeler (3Ws), electric two wheeler (EV2Ws), electric three wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans. They provide loans fo the AUM size of more than ₹ 90,000 lakhs as of March 31, 2024. They are one of the best financial solutions providers in India especially targeting customers who are looking for a quick turnaround time (TAT) for loan sanction and disbursement. It is a Maharashtra-based company and operates around 66 Locations connected to 29 branches across six (6) states in western, central, and north India. They have a strong portfolio with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh, and Uttar Pradesh. The company has recently expanded its loan portfolio to the Used Car Loans, Small Business Loans, and Personal Loans sector. They are targeting salaried; and self-employed with customised offers as per each of these categories of customers and prepare tailor-made schemes to attract them to avail loans from them.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Manba Finance IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 2.36 | 4.15 | 148.55 |
| NII | 43.26 | 172.38 | 511.62 |
| bNII | 37.52 | 166.85 | 546.56 |
| sNII | 54.75 | 183.43 | 441.73 |
| RII | 28.05 | 70.67 | 143.95 |
| Total | 23.97 | 73.46 | 224.05 |
Manba Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Manba Finance IPO Review
- Avoid
Manba Finance IPO Form
How to apply for the Manba Finance IPO? You can apply for Manba Finance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Manba Finance IPO in the Invest section. The other option is you can apply for Manba Finance IPO via IPO forms downloaded online. Check out the Manba Finance forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
