Manba Finance Limited — Important, 29-11-2024: Updates

Manba Finance Ltd has achieved its highest ever assets under management (AUM) of 1,200 Cr, marking a significant milestone for the company. Following a successful IPO, which raised 150 Cr in September 2024, the company continues to lead in the two-wheeler auto finance sector with a portfolio that is 97% secured assets. During the recent festive season, loan disbursements reached an all-time high of 250 Cr in the auto segment. The company maintains a credit loss ratio consistently below 1%, attributed to its robust collection infrastructure that preserves asset quality. Moving forward, Manba Finance is focused on leveraging its branch network to introduce new financial products, enhancing its service offerings and market penetration. Investors should watch closely, as this growth trajectory and product expansion present strong potential for future returns.