My Mudra Fincorp IPO will be open for subscription from September 5, 2024, to September 9, 2024. Subsequently, the allotment is expected to be finalized on Tuesday, September 10, 2024. Following this, the company is tentatively scheduled to list on the NSE SME on Thursday, September 12, 2024.
Table of contents
- My Mudra Fincorp IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- Objective of the Issue
- Company Promoters
- My Mudra Fincorp IPO GMP (Grey Market Premium)
- My Mudra Fincorp IPO Application Form PDF
- My Mudra Fincorp IPO Subscription Status
- My Mudra Fincorp IPO Allotment Status
- IPO Review
- My Mudra Fincorp IPO Registrar
- My Mudra Fincorp IPO Lead Manager
- My Mudra Fincorp Limited Contact
- FAQs
My Mudra Fincorp IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | My Mudra Fincorp Limited |
| Industry | Finance |
| IPO Issue Type | Book Built Issue |
| Open Date | September 5, 2024 |
| Close Date | September 9, 2024 |
| Total Issue Size | ₹33.26 Crores(3,024,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹33.26 Crores(3,024,000 Equity Shares) |
| Price Band | ₹104 to ₹110 per share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Incorporated in 2013, My Mudra Fincorp Limited serves as a Channel Partner (DSA) for leading banks and NBFCs in India, specializing in the distribution of diverse financial products. The company provides secured loans, including home and property loans, as well as unsecured options like business, personal, and professional loans, alongside credit cards.
Additionally, My Mudra Fincorp has expanded into offering insurance products and their customer base includes individuals, businesses, and professionals such as chartered accountants (CAs) and company secretaries (CSs). Furthermore, As of May 31, 2024, the company employed 143 people, including 10 dedicated to IT and CRM development. In India, My Mudra Fincorp serves as a channel partner (DSA) for major banks and non-banking financial corporations (NBFCs). Specifically, the company offers a range of financial products, including unsecured loans, secured loans, professional loans, credit cards, and insurance products. Additionally, it specializes in the distribution and sale of these financial offerings.
Furthermore, My Mudra Fincorp provides customers with the ability to research and compare a broad spectrum of lending and insurance options, thereby enhancing choice and transparency. As a result, the company generates revenue through commissions from its various business segments, which include loan-related activities, credit card services, and insurance offerings. Moreover, with a presence in eight states across India, My Mudra Fincorp operates nine branches and collaborates with over 140 franchise/channel partners and Sub DSAs.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 5, 2024 |
| IPO Close Date | September 9, 2024 |
| Basis of Allotment | September 10, 2024 |
| Refunds | September 11, 2024 |
| Credit to Demat Account | September 11, 2024 |
| IPO Listing Date | September 12, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹30.27 | ₹14.85 | ₹9.39 |
| Revenue | ₹71.14 | ₹53.55 | ₹28.46 |
| Profit After Tax | ₹8.35 | ₹3.46 | ₹0.46 |
| Net Worth | ₹16.79 | ₹8.44 | ₹4.37 |
| Reserves and Surplus | ₹16.78 | ₹8.43 | ₹4.36 |
| Total Borrowing | ₹9.64 | ₹3.71 | ₹3.41 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2400 | ₹264,000 |
Objective of the Issue
- Repayment of a portion of the company’s existing borrowings
- Investment in the advancement of technology and digital infrastructure
- To address working capital needs
- For general corporate purposes
Company Promoters
- Mr. Ganesh Kumar Mishra
- Mr. Vaibhav Kulshrestha
- Mr. Abhishek Dhal
My Mudra Fincorp IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the My Mudra Fincorp IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including My Mudra Fincorp Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
My Mudra Fincorp IPO Application Form PDF
To download the My Mudra Fincorp IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
My Mudra Fincorp IPO Subscription Status
This IPO subscription kicks off on September 5, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
My Mudra Fincorp IPO Allotment Status
To check the My Mudra Fincorp IPO allotment status go to the IPO registrar website SKYLINE FINANCIAL SERVICES or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Over the past three years, the company has consistently maintained a robust ROE of 43.67%.
- Furthermore, it has sustained an impressive ROCE of 44.07% during this period.
- In addition, the company boasts an exceptionally efficient cash conversion cycle of 0 days.
Risks:
- Over the past three years, the company has exhibited stagnant profit growth of 0%.
- Similarly, its revenue growth has also remained flat at 0% during this period.
- Moreover, the company has a low-interest coverage ratio of 0.
- Furthermore, it has maintained a low EBITDA margin of 0% over the past five years.
My Mudra Fincorp IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
My Mudra Fincorp IPO Lead Manager
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
My Mudra Fincorp Limited Contact
MY MUDRA FINCORP LIMITED
17A/45, 3rd Floor, w.e.a. Karol Bagh,
Central Delhi, New Delhi, Delhi- 110005
Phone: +91-011-47010500
E-mail: info@mymudra.com
Website: www.mymudra.com
FAQs
The offer size for My Mudra Fincorp is INR 31.45 – 33.26 crores.
In addition, the public offer price for My Mudra Fincorp ranges from INR 104 to 110 per share.
Moreover, the lot size for the My Mudra Fincorp’s IPO is 1,200 shares.
Additionally, the GMP for the My Mudra Fincorp IPO stands at INR NA per share.
Furthermore, the kostak rate for the My Mudra Fincorp’s IPO is INR NA per application.
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