Manba Finance Ltd has achieved highest ever AUM of 1200 Crores till date and growing. Company has recently raised 150 Crores from IPO in the Month of September, 2024 and is listed on both the Stock Exchanges.
The Company is a leader in Auto Finance (2 Wheeler) for last 15 years and has a 97% portfolio of secured assets. During the current festive season the company has disbursed 250 Crores of loan in its auto business which it's highest ever.
Company's credit loss is consistently below 1% which is lowest in this industry. This is mainly because of its robust collection infrastructure, ensuring maintenance of company's asset quality. Company is now focussing on leveraging its existing branch and location set up by adding new products.
Manba Finance Ltd is a Non-Banking Financial Company - Base Layer (NBFC-BL) providing financial solutions for New two-wheeler (2Ws), three-wheeler (3Ws), electric two-wheeler (EV2Ws), electric three-wheeler (EV3Ws), Used Cars, Small Business Loans and Personal Loans. It provides financial solutions to its target customers with a quick turnaround time (TAT) for loan sanction and disbursement. It is based out of Mumbai, Maharashtra and operates out of 71 Locations connected to 29 branches across six (6) states in western, central and north India. It has established relationships with more than 1,100 Dealers, including more than 190 EV Dealers, across Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.
Shares of Manba Finance Limited was last trading in BSE at Rs. 149.70 as compared to the previous close of Rs. 148.85. The total number of shares traded during the day was 43944 in over 653 trades.
The stock hit an intraday high of Rs. 157.70 and intraday low of 147.50. The net turnover during the day was Rs. 6663591.00. |
