Hence, generally, they provide a low dividend payout. Given the high growth outlook, they are in high demand and trade at a high valuation, like Price/Earnings Per Share (P/E), which may be substantially higher than the market and peers’ range.
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September
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