Manba Finance Limited has informed the Exchange regarding allotment of 2000 securities pursuant to Non Convertible Securities at its meeting held on Jun 17, 2025
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Awaiting price reaction for this filing.
Manba Finance has allotted 2,000 unsecured, rated, listed, redeemable NCDs of face value ₹1,00,000 each, raising ₹20 crore in total. The debentures carry a coupon of 11.50% per annum, payable quarterly, with principal repayable at maturity. The tenor is 20 months, maturing on February 17, 2027. The NCDs were issued on a private placement basis and are listed on BSE. The funds will be used by the company in line with its regular borrowing programme.
For equity shareholders, this is a small debt raise of ₹20 crore at a relatively high borrowing cost of 11.50%, which is typical for an NBFC. It does not dilute equity, but the interest expense will weigh on profitability. Neutral to mildly negative on a per-deal basis, though routine for an NBFC's operations.