Manba Finance Limited

Nbfc · Financial Services

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Methodology v1.0 Download Report (PDF)
Latest Rating
BBB (CARE)
Total Debt Outstanding
₹425 Cr
Across 12 instruments
Listed Bonds
12
First Issue
2024-07-31
Latest Issue
2026-01-28
Maturity Range
2026 - 2028
Observation
12 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
Financial Services
Issuer Type
Nbfc
First Tracked Bond
2024-07-31
Start of this issuer's debt program timeline
  • 12 active bonds tracked from this issuer.
  • 11 of 12 tracked bonds with a stated security status are secured. (based on 12 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-08-19.

Manba Finance Limited is an NBFC in the financial services sector. Coupon rates on outstanding bonds range from 10.65% - 11.75%, paid monthly. Bonds mature between 2026 - 2028.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
12
Tracked by RetailBonds
Amount Tracked
₹425 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 11 of 12 bonds)
Avg Coupon
11.23%
Range 10.65% - 11.75%
Avg Remaining Tenure
0.8 Yrs
Nearest maturity 2026-08
Secured
91%
11 of 12 bonds with known status
Callable
0
Of 12 bonds
Avg Spread vs G-Sec
+555 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (7 bonds).

0 2026: 3 bonds, ₹80 Cr tracked, avg coupon 11.53% 3 bonds 2026 2027: 7 bonds, ₹195 Cr tracked, avg coupon 11.22% 7 bonds 2027 2028: 2 bonds, ₹150 Cr tracked, avg coupon 10.82% 2 bonds 2028

Security Type / Instrument Mix

  • NCD 12 bonds · 100% · ₹425 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2024: ₹30 Cr issued 2024 2025: ₹345 Cr issued 2025 2026: ₹50 Cr issued 2026 Cumulative: ₹30 Cr Cumulative: ₹375 Cr Cumulative: ₹425 Cr

Based on 11 of 12 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • BBB 11 bonds · 92%
  • Unrated 1 bonds · 8%
AgencyRatingOutlookBonds
CARE BBB 10
CARE BBB Positive 1

Recent Rating Actions

2026-08-19 · CRISIL
A
Initial
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE939X07150 MFL-11.75%-29-8-26-PVT 11.75% BBB (CARE) 2026-08-29
INE939X07176 MFL-11.5%-28-9-26-PVT 11.50% BBB (CARE) 2026-09-28 9.92% 2026-07-17
INE939X07184 MFL-11.35%-27-10-26-PVT 11.35% BBB (CARE) 2026-10-27 11.50% 2026-08-27
INE939X07192 MFL-11.25%-9-2-27-PVT 11.25% BBB (CARE) 2027-02-09
INE939X08059 MBFL-11.50%-17-2-27-PVT 11.50% BBB (CARE) 2027-02-17
INE939X07200 MBFL-11.30%-5-6-27-PVT 11.30% BBB (CARE) 2027-06-05 10.75% 2026-08-25
INE939X07226 MBFL-11.25%-27-7-27-PVT 11.25% BBB (CARE) 2027-07-27
INE939X07234 MBFL-10.95%-20-10-27-PVT 10.95% BBB (CARE) 2027-10-20 10.90% 2026-07-13
IN8939X07019 10.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 20/10/2027 10.95% 2027-10-20
INE939X07218 MBFL-11.35%-25-11-27-PVT 11.35% BBB (CARE) 2027-11-25
INE939X07242 MFL-11%-13-3-28-PVT 11.00% BBB (CARE) 2028-03-13 11.35% 2026-08-24
INE939X07259 MFL-10.65%-26-3-28-PVT 10.65% BBB (CARE) 2028-03-26 11.50% 2026-08-04
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
48
Avg. Yield (Last 30 Days)
11.28%
06 Regulatory Filings
BSE Corporate Announcements
Intimation of timely payment of Interest as per Regulation 57 of SEBI LODR 2026-08-08
Certificate of Final Principal and Interest Payment under Regulation 57(1) of SEBI LODR. 2026-08-01
Intimation of timely payment of Principal and Interest as per Regulation 57(1) of SEBI (LODR) Regulation 2026-07-30
Certificate of Interest Payment under Regulation 57(1) 2026-07-29
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 11 2026-02-28
Rating Actions History 1 2026-08-19
Secondary-Market Trades 80 2026-08-27
Reg52(4) Payment Disclosures 0

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Manba Finance Limited have?

Manba Finance Limited currently has 12 active bonds with coupons 10.65% - 11.75%, maturities spanning 2026 - 2028.

What is Manba Finance Limited's credit rating?

The most recent rating on Manba Finance Limited's bonds is BBB (CARE), published by CARE.

Are Manba Finance Limited's bonds secured?

Of the 12 bonds with a disclosed security status, 11 are secured (91%) and 1 are unsecured.

When do Manba Finance Limited's bonds mature?

Manba Finance Limited's active bonds mature between 2026 - 2028; the nearest matures in 2026-08; the average tenure is 0.8 Yrs.

What is the average coupon on Manba Finance Limited's bonds?

The average coupon across Manba Finance Limited's 12 active bonds is 11.23%.

Disclaimer: This page aggregates publicly available data about Manba Finance Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.