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MANBA FINANCE LIMITED
Sector Focus
Finance (NBFC)
Highest Credit Rating
BBB+ (Positive) by CARE RATINGS LIMITED
Jan 21, 2025
Yield
Request for Quote
Coupon
11.5000 % p.a
Rating
BBB+ (Positive)
ISIN
INE939X07168
Maturity Date
20 Jul, 2026
Key Strengths
Successful IPO
Manba Finance successfully raised ₹150.8 Cr by issuing 12,570,000 shares through its IPO and got listed on NSE and BSE on September 30, 2024
Experienced Promoter Leadership
Under the leadership of Mr. Manish Shah, a seasoned expert in two-wheeler financing, the promoter group holds a 75% stake and leverages a robust network of 1,100+ dealers
Consistent Profitability
Profitable since inception, PAT has grown at a CAGR of 80% from FY 2022 to FY 2024
Comfortable Capitalization
The capital-to-risk weighted assets ratio (CRAR) stood at 37.2% as of September 2024, significantly above the regulatory requirement ensuring ample capital cushion for growth
Enhanced Asset Quality
Gross NPA improved to 3.6% as of September 2024, down from 5.1% in March 2022
Improved Credit Rating
CARE upgraded its outlook to ‘Positive’ from ‘Stable’ on January 3, 2025, reflecting improved performance and growth prospects
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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