
Security Name: 10.95% Manba Finance Limited 20 Oct 2027
ISIN: INE939X07234
Taxable
Tax Category
20 Oct, 2027
Maturity Date
(2 Yr 1 Mo 21 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
20 Aug, 2025
Allotment Date
NA
Put Date
20 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10.95%
Coupon
Fixed Interest
Coupon Basis
10.8955%
Current Yield
05 Sep, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER

Manba Finance Limited
Founded in 1996 by Manish K Shah, Mumbai-based Manba Finance Ltd (MFL) is an RBI-registered ND-NBFC specializing in two-wheeler, used vehicle financing, personal loans, and inventory funding. As of March 2025, MFL partners with 1,200+ dealers, including 60+ EV dealers, across 73 locations in six states.
The ratio in FY25 is 6.61x and it was 6.02x in FY24, indicating increase in the debt level due to significant increase in borrowings in FY25.
Debt/EBITDA
The ratio in FY25 is 1.46x and it was 1.47x in FY24, indicating almost no changes in the debt servicing ability of the issuer in FY25.
Interest coverage ratio
Recent News

Muthoot Capital ties up with Manba Finance Limited for a Co-lending Business of Rupees 150 Crores in Two-Wheeler Financing
Mar 14, 2024 | Manba Finance Limited

Manba Finance raises over Rs 45 crore from anchor investors, IPO opens on September 23
Sep 19, 2024 | Manba Finance Limited

Manba Finance board to mull fund raising proposal via debt route on June 20
Jun 20, 2025 | Manba Finance Limited
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?

To know more about the Bond and the issuer, download the Information Memorandum.

To read about the reasons for the ratings assigned to the Bond, send a request for the Rating Rationale. You will receive an email shortly.
Clean Price
Yield (YTM)

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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
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Total Investment
Cashflow for INE939X07234 |
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Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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Security Name |
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10.95% Manba Finance Limited 20 Oct 2027 |
Credit Rating |
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BBB + by CARE |
Coupon Frequency |
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Monthly |
Face Value |
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₹1,00,000 |
Coupon |
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10.950000% |
YTM or YTC |
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YTM |
Maturity Date |
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20/10/2027 |
Security |
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Senior Secured |
No. of Bonds |
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1 |
Settlement Date |
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Aug 29,2025 |
Principal Amount |
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₹1,00,500 |
Accrued Interest |
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₹0 |
Stamp Duty |
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₹0 |
Total Amount Payable |
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₹1,00,500 |
Price |
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₹100.5 |
Yield |
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0% |
Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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