Fundraise Approval
Manba Finance Limited (NSE: MANBA | BSE: 544242) announced that its Board of Directors approved a preferential issue of securities to raise a total of ₹99.99 crore. The issue consists of equity shares amounting to ₹67.50 crore that will be allotted to non‑promoter investors, and convertible warrants worth ₹32.49 crore that will be subscribed by the promoter group. The issue is being undertaken under the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and remains subject to shareholder and other regulatory approvals.
Promoter Commitment
The promoter group, through Manba Investments and Securities Private Limited and Mr. Manish K. Shah, will subscribe to the warrants for ₹32.49 crore, representing the largest single commitment in this round and signalling strong confidence in the company’s prospects.
Investor Participation
The equity tranche has attracted a diverse set of marquee family offices, investment funds and high‑net‑worth individuals from well‑known Indian business groups, reflecting growing confidence in Manba’s business model and retail‑lending franchise.
Use of Proceeds
Proceeds will be used to strengthen the capital base, fund growth of the loan book across two‑ and three‑wheeler, electric‑vehicle, used‑car, personal‑loan, small‑business loan and Micro‑LAP products, support expansion into new geographies, and meet general corporate purposes. A stronger balance sheet is expected to enable diversification of the borrowing base, improvement of credit ratings and reduction of funding costs.
Management Commentary
Mr. Manish K. Shah, Managing Director of Manba Finance Limited, said the fundraise is a strong endorsement of the company’s underwriting discipline and franchise built over more than a decade, and that the participation of high‑calibre investors together with the promoter’s own commitment provides the capital and confidence to grow faster, deepen existing markets and serve more underserved customers.
Company Profile
Founded in 1996, Manba Finance Limited is an established vehicle‑financing NBFC listed on NSE and BSE. The company offers a suite of retail lending products, with a loan book that is over 90 % secured. It operates through a network of more than 130 locations across Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh and Chhattisgarh, and maintains partnerships with over 1,500 dealers. Assets under management stand at over ₹1,700 crore. The firm recently entered South India through a strategic partnership with Sreesastha (Nammaloan), commencing operations in Karnataka and Tamil Nadu. Its technology‑led platform delivers in‑principle approvals within one minute and provides a fully digital, paper‑less journey from application to disbursal.