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Manba Finance Limited — Bonds & A- (CARE) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
A- (CARE)
Most common current rating on senior bonds
10 of 10 rated · CARE, 6 Oct 2026
Total Debt Outstanding
₹485 Cr
Across 12 instruments
Active Bonds
12
First Issue
31 Jul 2024
Latest Issue
12 Oct 2026
Maturity Range
2027 - 2029
Observation
12 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies

Latest events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
Issuer health card Nothing flagged on record
  • Current ratings CARE A-
  • Rating range All current ratings are A- (CARE 6 Oct 2026)
  • Rating direction, 12 months No rating actions on file
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 6 Oct 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 7 of 12 active bonds had an exchange trade
  • Exchange filings, 90 days 73 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Manba Finance Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
31 Jul 2024
Start of this issuer's debt program timeline
  • 12 active bonds tracked from this issuer.
  • 10 of 11 tracked bonds with a stated security status are secured. (based on 11 bonds with a disclosed security status)

Manba Finance Limited is an NBFC in the Financial Services sector. Coupon rates on outstanding bonds range from 10.50% - 11.50%, paid monthly. Bonds mature between 2027 - 2029.

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
₹485 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 10 of 12 bonds)
Avg Coupon
11.00%
Range 10.50% - 11.50%
Avg Remaining Tenure
1.1 Yrs
Nearest maturity Feb 2027
Secured
90%
10 of 11 bonds with known status
Callable
0
Of 12 bonds
Avg Spread vs G-Sec
+390 bps
Credit premium, from 3 bonds with a current market yield

Maturity Profile

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

0 2027: 7 bonds, ₹195 Cr tracked, avg coupon 11.22% 7 bonds 2027 2028: 4 bonds, ₹290 Cr tracked, avg coupon 10.72% 4 bonds 2028 2029: 1 bond, avg coupon 10.50% 1 bond 2029

Security Type / Instrument Mix

  • NCD 12 bonds · 100% · ₹485 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹295 Cr issued 2025 2026: ₹190 Cr issued 2026 Cumulative: ₹295 Cr Cumulative: ₹485 Cr

Based on 10 of 12 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • A 10 bonds · 83%
  • Unrated 2 bonds · 17%
AgencyRatingOutlookBonds
CARE A- Stable 10

Recent Rating Actions

No rating action history available.

04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE939X07192 Manba Finance 11.25% Feb 2027 NCD 11.25% A- (CARE) 2027-02-09 — 2026-10-16
INE939X08059 Manba Finance 11.50% Feb 2027 NCD 11.50% A- (CARE) 2027-02-17 — —
INE939X07200 Manba Finance 11.30% Jun 2027 NCD 11.30% A- (CARE) 2027-06-05 — 2026-11-06
INE939X07226 Manba Finance 11.25% Jul 2027 NCD 11.25% A- (CARE) 2027-07-27 — —
INE939X07234 Manba Finance 10.95% Oct 2027 NCD 10.95% A- (CARE) 2027-10-20 — 2026-11-02
IN8939X07019 Manba Finance 10.95% Oct 2027 NCD 10.95% — 2027-10-20 — —
INE939X07218 Manba Finance 11.35% Nov 2027 NCD 11.35% A- (CARE) 2027-11-25 — —
INE939X07242 Manba Finance 11.00% Mar 2028 NCD 11.00% A- (CARE) 2028-03-13 — 2026-11-05
INE939X07259 Manba Finance 10.65% Mar 2028 NCD 10.65% A- (CARE) 2028-03-26 10.98% 2026-11-02
INE939X07275 Manba Finance 10.65% Nov 2028 NCD 10.65% A- (CARE) 2028-11-24 10.91% 2026-11-06
INE939X07267 Manba Finance 10.60% Nov 2028 NCD 10.60% A- (CARE) 2028-11-28 — —
INE939X07283 Manba Finance 10.50% Jan 2029 NCD 10.50% — 2029-01-12 10.61% 2026-11-05
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

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

BSE Traded Value (Last 30 Days)
₹22.17 L
Number of Trades (Last 30 Days)
46
Avg. Yield (Last 30 Days)
10.89%
06 Regulatory Filings
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 10 2026-10-06
Rating Actions History 0 —
Secondary-Market Trades 101 2026-11-06
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 of 10.50% - 11.50%, maturities spanning 2027 - 2029.

What is Manba Finance Limited's credit rating?

The most common current rating on Manba Finance Limited's senior bonds is A- (CARE). Ratings on file come from CARE.

Are Manba Finance Limited's bonds secured?

Of the 11 bonds with a disclosed security status, 10 are secured (90%) and 1 is unsecured.

When do Manba Finance Limited's bonds mature?

Manba Finance Limited's active bonds mature between 2027 - 2029; the nearest matures in Feb 2027; the average tenure is 1.1 Yrs.

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

The average coupon across Manba Finance Limited's 12 active bonds is 11.00%.

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.