Manba Finance moves up on achieving highest ever AUM of Rs 1200 crore
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Manba Finance is currently trading at Rs. 149.50, up by 0.65 points or 0.44% from its previous closing of Rs. 148.85 on the BSE.
The scrip opened at Rs. 150.65 and has touched a high and low of Rs. 157.70 and Rs. 148.25 respectively. So far 35545 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.65 on 17-Oct-2024 and a 52 week low of Rs. 125.40 on 08-Oct-2024.
Last one week high and low of the scrip stood at Rs. 157.70 and Rs. 143.50 respectively. The current market cap of the company is Rs. 755.85 crore.
The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 7.22% and 17.80% respectively.
Manba Finance has achieved highest ever AUM of Rs 1200 crore till date and growing. The company has recently raised Rs 150 crore from IPO in the Month of September, 2024 and is listed on both the Stock Exchanges.
The Company is a leader in Auto Finance (2 Wheeler) for last 15 years and has a 97% portfolio of secured assets. During the current festive season the company has disbursed Rs 250 crore of loan in its auto business which its highest ever.
The company’s credit loss is consistently below 1% which is lowest in this industry. This is mainly because of its robust collection infrastructure, ensuring maintenance of company’s asset quality. The company is now focussing on leveraging its existing branch and location set up by adding new products.
Manba Finance is a registered as a non-banking finance company engaged in the business of providing finance. The company primarily deals in the financing of new 2Ws, 3Ws, EV2Ws, EV3Ws and personal loans.
