Manba Finance Limited — Others, 15-05-2025: Monitoring Agency Report

Manba Finance Limited has shared a Monitoring Agency Report from CARE Ratings confirming full utilization of its IPO proceeds totaling Rs. 150.84 Cr. The funds were primarily used to strengthen the capital base and cover issue expenses, with actual costs slightly below estimates—saving Rs. 0.43 Cr, which was added to capital augmentation. There were no delays or deviations in deploying the funds, reflecting disciplined financial management that supports the company’s future growth plans and reassures shareholders.