Draft:Manba Finance
Submission declined on 30 September 2024 by Ca (talk).
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Comment: I don't think Business Upturn is very reliable. One of the cited articles read like it was written by ChatGPT and this article is just churnalism. Rest of the articles are just breif mentions of IPO.See also the essay WP:SOLUTION. Ca talk to me! 06:54, 30 September 2024 (UTC)
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| Founded | 1996 |
|---|---|
| Founder | Manish Shah |
| Headquarters | Mumbai, Maharashtra, India |
Area served | India |
| Services | Two Wheeler Loans, Small Business Loans, Personal Loans, EV – Loans(Two Wheeler & Three Wheeler), Three Wheeler Loans, Used Car Loans. |
| Website | www |
Manba Finance Limited is a non-banking financial company (NBFC) based in Mumbai, India. Founded in 1996, the company provides financial solutions including vehicle, used car, personal, and small business loans. Manba Finance operates across 66 locations in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh. It primarily serves salaried and self-employed individuals.[1][2]
History
[edit]Manba Finance was established in 1998 as a Non-Banking Financial Company (NBFC) in Mumbai, Maharashtra, by Manish Shah. Manba Finance began its business operations as a Non-Banking Financial Company (NBFC) in 1998 Mumbai, Maharashtra. Since 2009, it has expanded to include vehicle financing and now operates across 66 locations in six states.[3][4]
The company has more than 974 dealers, including over 60 EV dealers, in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Madhya Pradesh.[5]
In March 2024, Manba Finance filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to issue 12.57 million new shares to raise funds for raise funds through an Initial Public Offering (IPO).[6][7] On August 5, 2024, Manba Finance received approval from SEBI to raise funds through an initial public offering (IPO).[8][9][10]
References
[edit]- ^ Kunjumon, Oliviya (14 Mar 2024). "Manba Finance Files DRHP With SEBI To Raise Funds Through IPO". Free Press Journal. Retrieved 4 Aug 2024.
- ^ "Share Market Highlights 14 March 2024: Sensex, Nifty bounce back on buying in IT stocks; Smallcap index soars over 3%". BusinessLine. 14 Mar 2024. Retrieved 4 Aug 2024.
- ^ "Bhandup police left embarrassed as CP retracts promises". Mumbai Mirror. 4 Feb 2012. Retrieved 4 Aug 2024.
- ^ Desk, Markets (14 Mar 2024). "Thane-based Manba Finance files IPO papers with SEBI". Business Upturn. Retrieved 4 Aug 2024.
{{cite web}}:|last=has generic name (help) - ^ Podishetti, Akash (15 Mar 2024). "Manba Finance files DRHP with Sebi for an IPO". ETBFSI.com. Retrieved 4 Aug 2024.
- ^ Podishetti, Akash (14 Mar 2024). "Manba Finance files DRHP with Sebi for an IPO". The Economic Times. Retrieved 4 Aug 2024.
- ^ Kumar, Chitranjan (14 Mar 2024). "Transrail Lighting, Manba Finance file DRHP with SEBI to raise fund via IPO". FortuneIndia. Retrieved 4 Aug 2024.
- ^ "Five Companies Get Nod from Sebi for Upcoming IPOs". Devdiscourse. 5 Aug 2024. Retrieved 12 Aug 2024.
- ^ Bhattacharya, Shubhayan (5 Aug 2024). "SEBI Approves IPOs Of Bajaj Housing Finance, Four Other Firms". NDTV Profit. Retrieved 12 Aug 2024.
- ^ Matkar, Sunil Shankar (5 Aug 2024). "SEBI greenlights Bajaj Housing, Baazar Style, Diffusion, Deepak, Manba IPOs". Moneycontrol. Retrieved 12 Aug 2024.
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