Promoter group commits ₹32.49 crore through warrants, the largest single commitment in the round
Mumbai, 23rd September 2026 : Manba Finance Limited (NSE: MANBA | BSE: 544242), a
diversified,
multi-product NBFC, today announced that its Board of Directors has approved
raising ₹99.99 crore through a preferential issue of securities. The issue will
be made under the Companies Act, 2013 and the SEBI (Issue of Capital and
Disclosure Requirements) Regulations,2018. It is subject to shareholder
approval and any other regulatory approvals required.
The issue
comprises equity shares worth ₹67.50 crore to non-promoter investors and
convertible warrants worth ₹32.49 crore to the promoter group.
The round
has drawn strong participation from a diverse set of marquee investors and
family offices, including family offices of well-known Indian business
groups, investment funds and high-net-worth individuals. Their participation
reflects growing confidence in Manba’s business model, its execution track
record and the long-term opportunity in retail lending.
The
promoter group, through Manba Investments and Securities Private Limited and
Mr. Manish K. Shah, will subscribe to warrants worth ₹32.49 crore. This is the
largest single commitment in the round and reflects the promoters’ confidence
in Manba’s long-term prospects.
Use of
proceeds
The
proceeds will strengthen the company’s capital base and fund growth in its loan
book across two-wheeler, three-wheeler, electric vehicle, used car, personal
loan, small business loan and Micro-LAP products. They will also support
expansion into new geographies and general corporate purposes. A stronger
balance sheet gives Manba room to grow its assets under management diversify
its borrowing base, and work towards improved credit ratings and lower funding
costs.
Management
commentary:
Mr. Manish
K. Shah, Managing Director, Manba Finance Limited, said: “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.”
About Manba
Finance Limited
Manba
Finance Limited (NSE: MANBA | BSE: 544242) is one of India's established
vehicle-financing NBFCs, founded in 1996 and listed on the NSE and BSE. The
Company offers a suite of retail lending products including new and used
two-wheeler loans, three-wheeler and electric vehicle loans, used car loans,
small business loans and personal loans, with a loan book that is over 90%
secured.
Manba
serves customers across urban, semi-urban and rural markets through a network
of 130+ locations across six states — Maharashtra, Gujarat, Rajasthan, Madhya
Pradesh, Uttar Pradesh and Chhattisgarh — and partnerships with over 1,500
dealers, with assets under management of over ₹1,700 crore. The Company
recently announced its entry into South India through a strategic partnership
with Sreesastha (Nammaloan), beginning with Karnataka and Tamil Nadu.
Underpinning the business is a technology-led
customer experience — a lending platform designed to deliver in-principle
approvals in as little as one minute and a fully digital, paperless journey
from application to disbursal. Manba combines this platform with a
long-standing dealer network and prudent credit practices to expand access to
organised vehicle finance across India. For more information, visit
www.manbafinance.com.