My Mudra Fincorp IPO Details
The My Mudra Fincorp IPO is a book build issue with a total issue size of ₹33.26 cr, comprising of fresh issue of 3024000 equity shares. My Mudra Fincorp IPO opened for subscription on Sep 05, 2024 and closed on Sep 09, 2024. My Mudra Fincorp IPO is set price band at ₹104 to ₹110 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹264,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 10, 2024, and listed on the NSE on Sep 12, 2024.
Skyline Financial Services Private Ltd has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the My Mudra Fincorp IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 104 – 110
- Lot Size
- 1200
- Issue Size
- ₹33.26 Cr
- Minimum Investment
- ₹264000 (2400 Shares)
- Listing Date
- 12 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Hem Securities Limited
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 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.
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 per share.
My Mudra Fincorp IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
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.
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.
My Mudra Fincorp IPO issue size is ₹33.26 crores.
My Mudra Fincorp IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.