Manba Finance Limited has informed the Exchange regarding allotment of 50000 securities pursuant to Non Convertible Securities at its meeting held on Jun 27, 2025
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Manba Finance Limited has allotted 50,000 Listed, Rated, Senior, Secured, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, approved at a Finance Committee meeting on June 27, 2025. Each NCD has a face value of ₹10,000, aggregating the issue size to ₹50 crore. The NCDs carry a coupon of 11.25% per annum, payable monthly, with the principal repayable on maturity. The instrument has a tenure of 25 months, maturing on July 27, 2027, and is proposed to be listed on BSE.
The company is raising ₹50 crore of debt capital at a relatively high borrowing cost (11.25%), which will expand its lending capacity but also increase interest expenses. For existing shareholders, this is a debt raise (not equity dilution), though the high coupon may slightly pressure profitability margins going forward.