Manba Finance rises on launching Battery Replacement Loans for electric three-wheelers
Manba Finance is currently trading at Rs. 140.70, up by 0.50 points or 0.36% from its previous closing of Rs. 140.20 on the BSE.
The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 144.90 and Rs. 138.95 respectively. So far 19917 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.00 on 03-Dec-2025 and a 52 week low of Rs. 99.05 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 146.00 and Rs. 134.80 respectively. The current market cap of the company is Rs. 706.87 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 0.92% and 24.10% respectively.
Manba Finance has launched its Battery Replacement Financing product--a dedicated loan offering to finance new lithium-ion batteries for electric three-wheelers (e-rickshaws and e-carts).
The lithium-ion battery is the heart of an electric three-wheeler and typically the single largest recurring expense for its owner-operator, with a working life materially shorter than that of the vehicle itself. For lakhs of e-3W drivers across India, a battery nearing end-of-life directly threatens daily earnings. Manba's new product is designed to bridge exactly this gap--enabling customers to replace their battery at the point of need through an affordable, small-ticket, short-tenure loan, and get back on the road without disruption to their livelihood. The product will be rolled out in a phased manner across select locations within Manba's existing footprint, with expansion linked to portfolio performance and market response.
