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The company plans to raise up to INR 200 crore through the issuance of Secured Non-Convertible Debentures (NCDs), Perpetual Debt Instruments, Unsecured Subordinated NCDs, bonds, or other debt securities on a private placement basis.
The partnership includes competitive interest rates, low down payment options, and loan tenures of up to four years, benefiting both internal combustion engine (ICE) and electric vehicle (EV) customers.
Manba Finance Limited, a NBFC-BL providing financial solutions for Auto loans, Used Cars, Small Business Loans and Personal Loans with an AUM size of more than ₹ 800 crore as on December 31, 2023, has filed its draft red herring prospectus (DRHP) with SEBI.