STOCKWATCH
·
Non Banking Financial Company (NBFC)
Business Update29 Nov 2024, 02:28 pm

Manba Finance Ltd Achieves Highest Ever AUM of 1200 Crores and Disburses 250 Crores in Auto Business

AI Summary

Manba Finance Ltd, a leading NBFC in auto finance, has announced its highest ever AUM of 1200 Crores. The company recently raised 150 Crores from IPO and is listed on both stock exchanges. It has disbursed 250 Crores of loan in its auto business during the festive season, which is its highest ever. The company's credit loss is consistently below 1%, thanks to its robust collection infrastructure. Manba Finance is now focusing on leveraging its existing branch and location setup by adding new products.

Key Highlights

  • Achieved highest ever AUM of 1200 Crores
  • Raised 150 Crores from IPO in September 2024
  • Disbursed 250 Crores of loan in auto business during festive season
  • Credit loss consistently below 1%
  • Focusing on leveraging existing branch and location setup by adding new products
MANBA
Non Banking Financial Company (NBFC)
Manba Finance Ltd

Price Impact