Manba Finance Limited (NSE: MANBA) has announced that its Board of Directors has approved raising ₹99.99 crore through a preferential issue of securities. The fundraise, comprising ₹67.50 crore in equity shares and ₹32.49 crore in convertible warrants, aims to bolster the company’s capital base and fund growth in its loan book across various segments. The issue, subject to shareholder and regulatory approvals, has attracted marquee family offices and investors, reflecting confidence in Manba’s business model and long-term prospects.

Strong Participation from Marquee Investors

The round has seen significant commitments from marquee investors, including family offices of well-known Indian business groups, investment funds, and high-net-worth individuals. Notably, the promoter group has committed ₹32.49 crore through warrants, marking the largest single commitment in the round. This reflects the promoters’ confidence in Manba’s future growth trajectory.

Strategic Use of Proceeds

Proceeds from the fundraise will be utilized to strengthen the company’s capital base, fund growth in its loan book, and support expansion into new geographies. The capital infusion will enable Manba to diversify its borrowing base, work towards improved credit ratings, and lower funding costs. Mr. Manish K. Shah, Managing Director of Manba Finance Limited, emphasized the importance of this capital raise in accelerating growth and expanding access to underserved customers.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Manba Finance Limited

Manba Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Manba holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.35 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Industry-leading margins of 33.8% reflect exceptional pricing power and operational efficiency. The stock holds at 69% of its 52-week range with RSI at 60. In other words, neither side has a clear edge right now. Both the business and the stock move in the right direction. Revenue grows at 35.9%, profits at 39.9%, and the PEG sits at 0.35 — below its growth rate. That combination is rare. Check Fundamentals of Manba Finance Limited.

OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht, has announced its Board of Directors’ approval for raising approximately ₹832 crore through a preferential issue of securities. This move aims to strengthen the company’s capital position and support its next phase of growth.

Strategic Capital Infusion

The majority, 75% of the additional capital raised will be infused into Si Creva Capital Services Private Limited, Kissht’s wholly-owned subsidiary. This infusion will provide Kissht with greater financial flexibility to scale its lending business, enhance its technology and digital capabilities, expand product offerings, and deepen its reach across target customer segments.

Supporting General Corporate Purposes

The remaining 25% of the fundraise will be used for general corporate purposes, expected to support Kissht’s broader growth strategy. This strategic capital raise is anticipated to position Kissht as a more resilient, well-capitalized platform capable of sustaining growth through varying credit cycles.

Marquee investors, including Axis Mutual Fund, HDFC Mutual Fund, Massachusetts Institute of Technology, White Oak, 360 One, Groww Mutual Fund, Bandhan Mutual Fund, have participated in this preferential issue. The company’s focus on strengthening its capital adequacy ahead of potential credit rating upgrades aims to lower the cost of borrowing, expand access to a broader pool of capital, and increase funding capacity.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of OnEMI Technology Solutions Limited

OnEMI Technology Solutions Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

OnEMI gains 21.7% over three months and trades near its 52-week highs. The PEG of 0.27 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. The business compounds revenue at 16.6% and profits at 140.9% CAGR. That is strong double-digit growth on both counts. RSI hits 71, a level that signals the stock runs hot. Notably, buyers drove volume on 17 recent sessions — though at these levels, some profit-taking is normal. Both the business and the stock move in the right direction. Revenue grows at 16.6%, profits at 140.9%, and the PEG sits at 0.27 — below its growth rate. That combination is rare. Check Fundamentals of OnEMI Technology Solutions Limited.

UGRO Capital Limited (NSE: UGROCAP) announced today that it has raised INR 380 crore through the issuance of senior, secured, rated, listed, redeemable and transferable Non-Convertible Debentures (NCDs), fully subscribed by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), the Dutch entrepreneurial development bank. This marks FMO’s third investment in UGRO Capital in under three years, following NCD investments of INR 250 crore in December 2023 and INR 260 crore in February 2025. The five-year tenor of the new instrument matches the long-duration secured lending that UGRO extends to small businesses in Tier-3 towns and beyond.

Strategic Investment

The investment continues UGRO Capital’s strategy of building a diversified, long-tenor institutional funding base that is less dependent on the domestic banking system. The Company has now raised over INR 1,300 crore of debt from development finance institutions and impact-focused investors in India and globally, including FMO, IFU, the Danish sovereign development fund, the Asian Development Bank (ADB), Triple Jump, BlueOrchard, responsAbility, Calvert Impact Capital, Enabling Qapital, GMO, WaterEquity and MicroVest, among others.

Impactful Financing

In line with FMO’s mandate, the proceeds will be deployed towards financing for women-owned and women-led SMEs, youth-owned and youth-led SMEs and rural SMEs, and will also contribute towards the financing or refinancing of eligible green projects aligned with FMO’s sustainability approach. UGRO Capital serves the segment of Indian enterprise that the formal credit system has historically been unable to reach: businesses with turnover below INR 3 crore that lack the tax and audited records conventional lenders require.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Ugro Capital Limited

Ugro Capital Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.

Ugro falls 14.1% over three months and has not found a floor yet. The PEG of 0.09 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Premium net margins of 24.0% demonstrate strong cost discipline and a wide competitive moat. RSI stands at 29, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 42.4% and profits at 63.8% CAGR, with D/E of 0.00. Meanwhile, the stock dips 14.1% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Ugro Capital Limited.