Fixed Alpha
BBB+

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Manba Finance Limited

INE939X07234· Listed on BSE

12.50%

Yield

Tenure

1Y 1M 4D

Maturity Date

20 Oct 2027

Coupon Frequency

Monthly

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

10.95%

About the Issuer

Founded in 1996 and based in Mumbai, MFL is an NBFC focused on providing financing solutions for two-wheelers, and has over the years expanded its services to multiple locations across India, helping many people in underserved areas access loans. MFL primarily offers loans for two-wheelers but also provides financing for three-wheelers, small businesses, and personal loans, and has started financing electric vehicles (EVs), partnering with several dealers to make these services available to customers. The company is managed by experienced promoters with a long-standing presence in the finance sector, whose market knowledge and strong network help MFL offer services across a wide range of regions and customer segments. MFL has strong expertise in the two-wheeler financing segment and is expanding into new markets and loan products, continuing to grow and diversify with the aim of making financial solutions more accessible to more people.

Coupon ladder

Payment schedule of interest and principal

Sep '25Coupon

₹930

Oct '25Coupon

₹900

Nov '25Coupon

₹930

Dec '25Coupon

₹900

Jan '26Coupon

₹930

Feb '26Coupon

₹930

Mar '26Coupon

₹840

Apr '26Coupon

₹930

May '26Coupon

₹900

Jun '26Coupon

₹930

Jul '26Coupon

₹900

Aug '26Coupon

₹930

Sep '26Coupon

₹930

Oct '26Coupon

₹900

Nov '26Coupon

₹930

Dec '26Coupon

₹900

Jan '27Coupon

₹930

Feb '27Coupon

₹930

Mar '27Coupon

₹840

Apr '27Coupon

₹930

May '27Coupon

₹900

Jun '27Coupon

₹930

Jul '27Coupon

₹900

Aug '27Coupon+Principal

₹34,263

Sep '27Coupon+Principal

₹33,953

Oct '27Coupon+Principal

₹33,634

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 17-Sep-2026

How to invest in this bond

Manba Finance Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE939X07234If that does not work, try its BSE scrip code:BSE977040
  2. Enter the quantity required.
  3. Enter following Price:₹99,073.00This is the Price at which you will earn Fixed Returns (Yield) of 12.50% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.