Manba finance Limited has successfully completed a significant fundraising initiative through the allotment of non-convertible debentures worth ₹50 crores. The Finance Committee of the company approved this strategic move on January 28, 2026, marking an important milestone in the company's capital raising activities.

Debenture Allotment Details

The company has allotted 50,000 non-convertible debentures through private placement, with each debenture carrying a face value of ₹10,000. The total issue size amounts to ₹50,00,00,000, representing a substantial capital infusion for the finance company.

Interest and Tenure Structure

The debentures offer an attractive coupon rate of 10.65% per annum, with interest payments scheduled on a monthly basis. The instruments have a tenure of 26 months from the deemed date of allotment, providing investors with a medium-term investment opportunity.

Regulatory Compliance and Listing

The allotment has been conducted in accordance with Regulation 30 and other applicable provisions of SEBI LODR Regulations. The company has also complied with the Master Circular issued by SEBI and relevant circulars dated November 11, 2024, and July 13, 2023. The debentures are proposed to be listed on BSE Limited, providing liquidity options for investors.

Key Features and Redemption

The non-convertible debentures are characterized as listed, rated, senior, secured, transferable, and redeemable instruments. The NCDs will be redeemed in accordance with the Debenture Trust Deed executed between the issuer and the Debenture Trustee. Interest payments will be made monthly, while the principal amount will be repaid upon maturity as per the trust deed provisions.

This successful allotment demonstrates Manba Finance Limited's ability to access capital markets and secure funding through debt instruments, supporting its business operations and growth initiatives.

Manba Finance has delivered strong financial performance in Q3FY26, demonstrating robust growth across key metrics during its earnings conference call held on January 30, 2026. The non-banking financial company reported significant expansion in its asset under management and maintained healthy profitability while strengthening its market position.

Strong Asset Growth and Disbursement Performance

The company's asset under management reached ₹1,631 crores as of December 31, 2025, reflecting a robust year-on-year growth of 25%. Total balance sheet size stood at ₹1,771 crores, underlining the company's expanding scale of operations.

The company achieved record-high disbursements of ₹746 crores for the nine-month period compared to ₹672 crores in the same period last year. Q3 alone witnessed season's highest disbursements of ₹347 crores, marking a 48.90% increase quarter-on-quarter.

Financial Performance and Profitability

Manba Finance reported quarterly net interest income of ₹42 crores, reflecting 17% year-on-year growth. For the nine-month period, net interest income reached ₹110 crores, representing 19% year-on-year growth supported by steady loan growth and improved funding efficiencies.

The company maintained healthy profitability with net interest margin at 12.65% supported by gross yield of 22.80%. Profit after tax for the nine-month period stood at ₹34 crores, marking a 15% increase year-on-year.

Asset Quality and Risk Management

Asset quality remained well controlled with gross NPA at 3.38% and net NPA at 2.57%. The company's credit costs remained stable with losses consistently below 1%, reaffirming the strength of its collection processes and underwriting quality.

Business Expansion and Strategic Initiatives

The company added 37,500 new customers during the quarter, taking the total live customer base to over 2 lakhs. Manba Finance operates across 113 locations in 6 states with a distribution network of over 1,400 dealers and a team of approximately 1,700 employees.

During the quarter, the company entered into a strategic MoU with TVS Motor Company, enabling deeper collaboration across the dealer ecosystem and enhancing reach in the three-wheeler financing segment. The company expects this partnership to contribute ₹250-300 crores in disbursements over 18-24 months.

Funding and Capital Position

The company's average cost of borrowing stands at 10.12%, which has gradually declined benefiting from improved credit rating and favorable market conditions. Capital adequacy ratio remained healthy at 25.06%, well above regulatory requirements. The company maintains funding relationships with 3 public sector banks, 10 private sector banks, and 23 NBFCs.