My Mudra Fincorp IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Thu, 05 Sep 2024
Close Date
Mon, 09 Sep 2024
Price Band
₹ 104 – 110
Lot Size
1200
Issue Size
₹ 33.26 Cr
Minimum Investment
₹ 264,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
My Mudra Fincorp IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹33.26 Crore, comprising a fresh issue of 30.24 Lakh equity shares aggregating to ₹33.26 Crore.
The My Mudra Fincorp IPO remained open for subscription from September 05, 2024, to September 09, 2024. The basis of allotment was finalized on September 10, 2024, and the company's shares were listed on NSE SME Platform on September 12, 2024.
The company had fixed the price band at ₹104 to ₹110 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹264,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, My Mudra Fincorp Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
My Mudra Fincorp IPO Timeline (Tentative)
- IPO Open Date
- Thu, 05 Sep 24
- IPO Close Date
- Mon, 09 Sep 24
- Basis of Allotment
- Tue, 10 Sep 24
- Initiation of Refunds
- Wed, 11 Sep 24
- Credit of Shares to Demat
- Wed, 11 Sep 24
- Listing Date
- Thu, 12 Sep 24 — NSE & BSE
Open Date
05 September 2024
Close Date
09 September 2024
Basis Of Allotment
10 September 2024
Listing Date
12 September 2024
IPO Subscription
Check Live Subscription →The My Mudra Fincorp IPO has received bids for 2,73,38,400 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,05,600 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,74,800 shares (19.01%), while Non-Institutional Investors (NIIs) receive 4,30,800 shares (14.25%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 859,200 | 28.41% |
| Market Maker | 153,600 | 5.08% |
| Qualified Institutions | 574,800 | 19.01% |
| Non-Institutional | 430,800 | 14.25% |
| Retail Investors | 1,005,600 | 33.25% |
| Total | 3,024,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
My Mudra Fincorp Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 66.2 |
| ROCE % | 45.98 |
| RoNW % | 49.74 |
| Pat Margin % | 11.76 |
Peers Comparison
No Peer Comparision Available
About My Mudra Fincorp Limited
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
My Mudra Fincorp IPO Promoters
The promoters of the company are
- Vaibhav Kulshrestha
- Nisha Kulshrestha
Promoters Holding
Holding Pre Issue
78.74%
Holding Post Issue
57.84%
My Mudra Fincorp IPO Objective
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
My Mudra Fincorp Limited Address / Contact Details
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
My Mudra Fincorp IPO Lot Size
The My Mudra Fincorp IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,32,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,32,000.
| 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 |
Issue Reservation
- Anchor Investors — 28.41%
- Market Maker — 5.08%
- QIB — 19.01%
- NII — 14.25%
- RII — 33.25%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the My Mudra Fincorp IPO?
My Mudra Fincorp IPO is a Book-building IPO with a total issue size of ₹33.26 crore. The My Mudra Fincorp IPO price band is ₹104 to 110 per share. The My Mudra Fincorp IPO subscription opens on Thu, Sep 5, 2024, and closes on Mon, Sep 9, 2024. The My Mudra Fincorp IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the My Mudra Fincorp IPO.
When will the My Mudra Fincorp IPO open for subscription?
The My Mudra Fincorp IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024
What is My Mudra Fincorp IPO Price Band?
My Mudra Fincorp IPO Price Band is ₹104 to 110 per share.
What is My Mudra Fincorp IPO Lot Size?
My Mudra Fincorp IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
What is the minimum investment for My Mudra Fincorp IPO?
The minimum investment for My Mudra Fincorp IPO is ₹264000, based on one lot of 1200 shares at the upper price band of ₹110 per share.
How to apply for My Mudra Fincorp IPO?
Investors can apply for the My Mudra Fincorp IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 9, 2024. The application amount remains blocked until the My Mudra Fincorp IPO allotment is finalized.
What is My Mudra Fincorp IPO Issue Size?
My Mudra Fincorp IPO issue size is ₹33.26 crores.
What is the My Mudra Fincorp IPO Allotment Date?
My Mudra Fincorp IPO allotment date is Tue, Sep 10, 2024.
Who is the My Mudra Fincorp IPO Registrar?
The registrar for My Mudra Fincorp IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check My Mudra Fincorp IPO allotment status, refund processing, and other IPO-related information.
What is the My Mudra Fincorp IPO GMP?
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 0.00% over the issue price.
Who is the My Mudra Fincorp IPO Lead Manager?
The book-running lead managers (BRLMs) for the My Mudra Fincorp IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the My Mudra Fincorp IPO Red Herring Prospectus (RHP).