Manba Finance Limited
Fundraise Details
- Total Amount: ₹99.99 crore through preferential issue of securities
- Legal Framework: Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Approval Status: Subject to shareholder approval and any other regulatory approvals required
Issue Structure
- Equity Shares: ₹67.50 crore to non-promoter investors
- Convertible Warrants: ₹32.49 crore to promoter group
Investor Participation
- Diverse set of marquee investors including family offices of well-known Indian business groups, investment funds, and high-net-worth individuals
- Promoter group participation through Manba Investments and Securities Private Limited and Mr. Manish K. Shah
- Promoter commitment of ₹32.49 crore in warrants represents the largest single commitment in the round
Use of Proceeds
- Strengthen company's capital base
- Fund growth in loan book across multiple products:
- Two-wheeler loans
- Three-wheeler loans
- Electric vehicle loans
- Used car loans
- Personal loans
- Small business loans
- Micro-LAP products
- Support expansion into new geographies
- General corporate purposes
Expected Benefits
- Stronger balance sheet to grow assets under management
- Diversification of borrowing base
- Work towards improved credit ratings
- Lower funding costs
Management Commentary
Mr. Manish K. Shah, Managing Director, stated: "This fundraise is a strong endorsement of Manba's business model, our underwriting discipline and the franchise we have built over more than a decade. Having investors of this calibre alongside us, together with the promoter group's own commitment, gives us the capital and the confidence to grow faster, go deeper into our existing markets and serve many more customer who are underserved by formal credit."
Company Background
Manba Finance Limited (NSE: MANBA | BSE: 544242) is an established vehicle-financing NBFC founded in 1996 and listed on NSE and BSE. The company offers retail lending products with over 90% secured loan book, operating through 130+ locations across six states (Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Uttar Pradesh, and Chhattisgarh) with partnerships with over 1,500 dealers. Assets under management exceed ₹1,700 crore. The company recently announced entry into South India through partnership with Sreesastha (Nammaloan), beginning with Karnataka and Tamil Nadu.
Safe Harbour Statement
The document includes forward-looking statements subject to risks and uncertainties, with the company not undertaking to update any forward-looking statements. Product features, eligibility, rollout timelines and coverage are indicative and subject to change, applicable approvals, and the company's credit policies.