Mumbai: Manba Finance Limited, a 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, has garnered Rs. 45.25 crores from anchor investors ahead of its initial public offering that opens for public subscription on Monday, September 23, 2024. The company informed the bourses that it allocated 37,71,000 equity shares at Rs. 120 per share on Friday, September 20, 2024, to anchor investors.
Institutions who participated in the anchor were Chartered Finance & Leasing Limited, Finavenue Capital Trustfinavenue Grwoth Fund, Anrara India Evergreen Fund, Belgrave Investment Fund, Meru Invest,ent Fund PCC-Cell 1, Nav Capital VCC - Nav Capital Emerging Star Fund, Rajasthan Global Securities Private Limited, and Vikasa India EIF I Fund - Incube Global Opportunities.
Hem Securities Limited is the sole book running lead manager, and Link Intime India Private Limited is the registrar of the issue.