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