Manba Finance IPO Review | Apply or Not | GMP of Manba finance IPO | Anchor List of Manba finance #Finance

Hello friends, how are you all, hope you are well, so the IPO that I am going to talk about today is the upcoming IPO, Manaba Finance Limited, this is a company and now we will talk

further in this CashNews.co, first of all we will see its GMP and anchor list . Later we will see the details of the company like the fundamentals of the company, after that we will talk about what are the opening dates and closing dates of the company for IPO, after that we will talk about the IPO

details and after that apply or If not, then we will talk about it in full details, so now let us talk about the company, so this company was incorporated in 1998 and has been working in its own sector for almost 26 years. This company basically provides Loans to small businesses

and the two wheeler zone is on sector 97. It provides Loans to two wheelers and three wheelers, meaning suppose you purchase a bike or a three wheeler e rickshaw. Or if you purchase anything , then suppose that if the price of the bike is ₹ lakh, on road price, then this company

will provide you this Loan for down payment like ₹ 15, it means ₹ 85 out of ₹ 1 lakh. 85000 is provided to you as a Loan by the company, so the sector is very good and the company is also performing well in its sector, rest further we will talk about its

fundamentals in details, so now let us talk about GMP and Anchor List, what is it actually? Right now many three IPOs have been closed today like Western and Northern and these Arkad developers, so due to which most of the people’s money is currently invested, so right now the anchor list and

this GMP which is not opened, soon we will get this. Things will be seen, maybe it will open after a day or two, I will update you as soon as it happens, now we will talk about the IPO and other details, like when is the opening and when will it be closing, so the opening of this IPO. It will be on

Monday, 23rd September and the closing date is on Wednesday, 25th September, meaning you will get two days time to apply and now the allotment date will be on Thursday, 26th September and the refund initiation will come to you on 26th. So further demat transfer will be done on 27th i.e. its listing

date will be on Monday i.e. its listing date will be on 30th September. Now let us talk about the details of its IPO, so now the current face value of this share is at ₹ 1. And the issue price is going to be between 114 to 120 and the size, the aggregation is up to 150, which is one lot, the

total number of Shares is going to be 125, so in a way, the Valuation is a little expensive. It seems that way, we will talk about it in details later on, so now let us talk about the financial information of the company, like how the company is growing, so now we

look at the reports of 22 to 24 within the company’s sector. According to its financial report, its total Assets in 2022 were Rs 561 crore, which will increase to Rs 973 crore in 2024, which means it is growing well. Now if we talk about the Revenue, it was

Rs 106 crore in 2022, which will increase to Rs 191 crore in 2024, i.e. 121. Now if we talk about Profit after tax, the Profit in 2022 was Rs 974 i.e. around Rs 10 crore. What has increased now? What has increased in 2023 is Rs 16.5 i.e Rs 165 crore and after that

it directly jumped. Double means 31.4 i.e. 3.42 crores so it is also working very well in its sector and earning good Profit but the company it is is a highly competitive business because there are already many competitors in this sector like Bajaj, now you have seen the money. It

has doubled, mostly the people’s double has gone beyond double, that is, the company is very competitive like it is very competitive in the market, but as per its performance, its performance is decent and the Valuation which is on its S. is looking at its financial report.

Looking at the past and present performance, the financial Valuation is a bit expensive, like the IPO details and the price of the Shares, now we will talk about the performance indicators, so the RE which is going on is fine, that is, if it is above 15%. Meaning,

it has a child, so its current Debt Equity ratio is 21.3 and it is 3.75 and RO Edel, which means rate on Net Worth, is 15.6, nothing special but yes, it is fine, we will call it fine, so now about this company. We have basically discussed most of

the details, so finally whether we should apply or not, so for this we will tell you the final decision, so as of now neither its anchor list has come nor GMP opening has happened, I have basically given you a review. The CashNews.co was made so that you can know the basic details, so I have given

the review in it, rest later we will give you the CashNews.co with the final decision whether to apply or not. Let the score list come. After the score list comes, I will update you. How is GMP? You will apply on the basis of what is the demand in the market, there is no need to make a decision so

quickly now and whatever decision you have to make, you have to make your own risk and analysis because the Profit is fine now, whatever will happen in the future. Fundamentally, how is the company and how will it perform in the future, the rest of the decisions that you have to

make are your own risk and your own analysis, so now we are here and so you join there so that I can keep giving all kinds of updates, so that’s all for this. IPO Thank You If You Liked The CashNews.co So Do Like Share And Subscribe With Your Friend Also So All I Hope You Like This

CashNews.co Thank You