My Mudra Fincorp IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 104 – 110
Lot Size
1200
Issue Size
₹33.26 Cr
Minimum Investment
₹264000 (2400 Shares)
Listing Date
12 September 2024
Subscription
-
About the Company
My Mudra Fincorp Limited, established in 2013, works as a Channel Partner (DSA) for major banks and NBFCs in India. The company helps distribute and sell various financial products, including secured loans like home and property loans, unsecured loans such as business and personal loans, professional loans, and credit cards. They've also started offering insurance products.
Their customers include individuals, businesses, and professionals like chartered accountants (CAs) and company secretaries (CSs). By 31 May 2024, the company had 143 employees, with 10 of them focused on IT and CRM development.
Peers
Akiko Global Services Limited
Promoters
The promoters of the company are
- Vaibhav Kulshrestha
- Nisha Kulshrestha
Promoters Holding
Holding Pre Issue
78.74%
Holding Post Issue
57.84%
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Repayment of a portion of certain borrowing availed by the Company
- Investment in technology development and digital infrastructure
- To meet Working Capital requirements
- General Corporate Purpose
Address / Contact Info
My Mudra Fincorp Limited
17A/45, 2nd Floor,
w.e.a. Karol Bagh, Central Delhi,
New Delhi, Delhi - 110005
Phone: 011-47010500
Email: info@mymudra.com
Website: https://www.mymudra.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 05 September 2024
IPO Close Date
Monday, 09 September 2024
Basis of Allotment
Tuesday, 10 September 2024
Initiation of Refunds
Wednesday, 11 September 2024
Credit of Shares to Demat
Wednesday, 11 September 2024
Listing Date
Thursday, 12 September 2024 — NSE & BSE
Important Dates
Open Date
05 September 2024
Close Date
09 September 2024
Basis Of Allotment
10 September 2024
Listing Date
12 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3027.82 | 1485.01 | 939.6 |
| Revenue | 7114.36 | 5355.8 | 2846.18 |
| Profit After Tax | 835.52 | 346.75 | 46.86 |
| Net Worth | 1679.79 | 844.27 | 437.88 |
| Reserve & Surplus | 1678.61 | 843.08 | 436.81 |
| Total Borrowings | 964.41 | 371.1 | 341.2 |
EPS Pre
9.98%
EPS Post
7.33%
P/E Pre
11.02
P/E (Post Issue)
15.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 66.2 |
| ROCE % | 45.98 |
| Debt / Equity | 0 |
| RoNW % | 49.74 |
| PbW | 0 |
| Pat Margin % | 11.76 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 859200 | 28.41 | 0 |
| Market Maker | 153600 | 5.08 | 0 |
| Qualified Institutions | 574800 | 19.01 | 0 |
| Non-Institutional | 430800 | 14.25 | 0 |
| Retail Investors | 1005600 | 33.25 | 0 |
| Total | 3024000 | 100 | 0 |
Subscription Status ( Fri, 30 Aug 24 11:44 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 4934400 | 0x |
| Non-Institutional | 0 | 5004000 | 0x |
| Retail Investors | 0 | 17400000 | 0x |
| Total | 0 | 27338400 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 132,000.00 |
| Retail (Max) | 1 | 1,200 | 132,000.00 |
| S-HNI (Min) | 2 | 2,400 | 264,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
My Mudra Fincorp IPO is a Book-building IPO worth ₹33.26 crores. The price band is ₹104 to 110 per share. The IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The My Mudra Fincorp IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024
My Mudra Fincorp IPO Price Band is ₹104 to 110.
My Mudra Fincorp IPO lot size is 1200, and the minimum amount required for application is ₹264000.
The minimum investment for My Mudra Fincorp IPO is approximately ₹264000 based on the upper price band.
To apply for the My Mudra Fincorp IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 9, 2024. After submission, funds are blocked until the basis of allotment of My Mudra Fincorp IPO is finalised.
My Mudra Fincorp IPO issue size is ₹33.26 crores.
My Mudra Fincorp IPO allotment date is Sat, Jun 27, 2026.
The registrar for My Mudra Fincorp IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to My Mudra Fincorp IPO through their official website or helpline.
The My Mudra Fincorp IPO GMP (Grey Market Premium) is ₹0 as of Thu, Sep 12, 2024. Based on the upper price band of ₹110 per share, the estimated My Mudra Fincorp IPO listing price is ₹110, indicating a potential listing gain of approximately 31% over the issue price.