My Mudra Fincorp IPO Details
SME
My Mudra Fincorp IPO opens for subscription on 05 Sep 2024 and closes on 09 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 12 Sep 2024.
My Mudra Fincorp IPO price band has been fixed at ₹104 – ₹110 per share.The face value is ₹10 per share with a lot size of 1200.
My Mudra Fincorp IPO total issue size comprises 30,24,000 shares (aggregating up to ₹33.26 Cr). This includes a fresh issue of 30,24,000 shares (aggregating up to ₹33.26 Cr). Pre-issue shareholding stands at 83,67,800, which will increase to 1,13,91,883 post-issue.
My Mudra Fincorp IPO carries a ₹36 (32.73%) GMP, reflecting investor sentiment.
My Mudra Fincorp IPO Lot Size : Retail Minimum is 1 lot (1,200 shares) amounting to ₹132,000. Retail Maximum is 1 lot (1,200 shares) amounting to ₹132,000. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹264,000.
The Lead Managers for My Mudra Fincorp IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Hem Finlease. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the My Mudra Fincorp Limited RHP.
My Mudra Fincorp IPO Details
My Mudra Fincorp IPO Subscription
My Mudra Fincorp IPO Application Wise Breakup
My Mudra Fincorp IPO Dates
- 05 Sep 2024Opening dateOpen
- 09 Sep 2024Closing dateClose
- 10 Sep 2024Allotment Date Allotment
- 11 Sep 2024Initiation of RefundsRefund
- 11 Sep 2024Credit of SharesCredit
- 12 Sep 2024Listing dateListing
My Mudra Fincorp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹132,000 |
| Retail Maximum | 1 | 1200 | ₹132,000 |
| SHNI Minimum | 2 | 2400 | ₹264,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
My Mudra Fincorp IPO Reservation
Promoter Holding
My Mudra Fincorp IPO Valuations
My Mudra Fincorp Financial Information
My Mudra Fincorp Limited's revenue increased by 33% and profit after tax (PAT) rose by 141% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,027.82 | 1,485.01 | 939.6 | |||||||||||||||||||||||||||
| Revenue | 7,114.36 | 5,355.8 | 2,846.18 | |||||||||||||||||||||||||||
| Profit After Tax | 835.52 | 346.75 | 46.86 | |||||||||||||||||||||||||||
| Net Worth | 1,679.79 | 844.27 | 437.88 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,678.61 | 843.08 | 436.81 | |||||||||||||||||||||||||||
| Total Borrowing | 964.41 | 371.1 | 341.2 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About My Mudra Fincorp IPO
My Mudra Fincorp Limited was incorporated in 2013 and acts as a Channel Partner (DSA) for major banks and NBFCs in India.
The company specializes in the distribution and sale of a wide range of financial products. As a channel partner, the company offers secured loans such as home and property loans, unsecured loans such as business and personal loans, professional loans as well as credit cards to the referred customers. The company has also expanded its services to include the sale of insurance products.
The company's customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).
As of May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
Strength Of My Mudra Fincorp IPO
Risk Of My Mudra Fincorp IPO
Objectives My Mudra Fincorp IPO
- 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
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
My Mudra Fincorp IPO - FAQs
The My Mudra Fincorp IPO is a SME public issue comprising 3024000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹33.26 Cr. The issue price has been fixed at ₹110 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 05 Sep 2024, and closes on 09 Sep 2024.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹36 (32.73%).