My Mudra Fincorp IPO vs Travels & Rentals IPO

Comparision between My Mudra Fincorp IPO and Travels & Rentals IPO.

IPO Details

My Mudra Fincorp IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Travels & Rentals IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	My Mudra Fincorp IPO	Travels & Rentals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Finshore Management Services Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of My Mudra Fincorp IPO is up to ₹33.26 Cr whereas the issue size of the Travels & Rentals IPO is up to ₹12.24 Cr. The final issue price of My Mudra Fincorp IPO is ₹110.00 per share and of Travels & Rentals IPO is ₹40.00 per share.

	My Mudra Fincorp IPO	Travels & Rentals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹104.00 per share
Issue Price (Upper)	₹110.00 per share
Issue Price (Final)	₹110.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	30,24,000 shares	30,60,000 shares
Fresh Issue Size (Amount)	up to ₹33.26 Cr	up to ₹12.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,24,000 shares	30,60,000 shares
Issue Size Total (Amount)	up to ₹33.26 Cr	up to ₹12.24 Cr

IPO Timetable

My Mudra Fincorp IPO opens on Sep 05, 2024, while Travels & Rentals IPO opens on Aug 29, 2024. The closing date of My Mudra Fincorp IPO and Travels & Rentals IPO is Sep 09, 2024, and Sep 02, 2024, respectively.

	My Mudra Fincorp IPO	Travels & Rentals IPO
Anchor Bid Date
Issue Open	Sep 05, 2024	Aug 29, 2024
Issue Close	Sep 09, 2024	Sep 02, 2024
Basis Of Allotment (Tentative)	Sep 10, 2024	Sep 03, 2024
Initiation of Refunds (Tentative)	Sep 11, 2024	Sep 04, 2024
Credit of Share (Tentative)	Sep 11, 2024	Sep 04, 2024
Listing date (Tentative)	Sep 12, 2024	Sep 05, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

My Mudra Fincorp IPO P/E ratio is 11.02, as compared to Travels & Rentals IPO P/E ratio of 10.98.

My Mudra Fincorp IPO

Travels & Rentals IPO

Financial

My Mudra Fincorp Limited Financial Information (Restated)

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

Travels & Rentals Limited Financial Information (Restated)

Travels & Rentals Limited's revenue increased by 39% and profit after tax (PAT) rose by 97% 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	2,469.85	1,647.11	1,334.29
Revenue	803.54	579.06	290.59
Profit After Tax	296.55	150.64	69.01
Net Worth	1,478.48	741.52	490.88
Reserves and Surplus	664.21	540.33	314.69
Total Borrowing	470.94	560.97	755.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.74%

86.48%

Promoter Shareholding (Post-Issue)

57.84%

62.86%

P/E Ratio

11.02

10.98

Market Cap

₹125.31 Cr.

₹44.81 Cr.

ROE

66.20%%

26.72%%

ROCE

45.98%%

27.54%%

Debt/Equity

0.32

EPS

₹9.98

₹3.64

RoNW

49.74%%

20.06%%

Shares Offered

In the My Mudra Fincorp IPO retail investors (RII) are offered 10,05,600 shares while in Travels & Rentals IPO retail investors are offered 10,05,600 shares. Qualified institutional buyers (QIB) are offered 5,74,800 shares in My Mudra Fincorp IPO and 0 shares in Travels & Rentals IPO.

	My Mudra Fincorp IPO	Travels & Rentals IPO
Anchor Investor Reserveration	8,59,200 shares
Market Maker Reserveration	1,53,600 shares	1,53,000 shares
QIB	5,74,800 shares	0 shares
NII	4,30,800 shares	14,53,500 shares
RII	10,05,600 shares	14,53,500 shares
Employee	0 shares	0 shares
Others
Total	20,11,200 shares	29,07,000 shares

Bids Received (Subscription)

My Mudra Fincorp IPO subscribed 102.48x in total, whereas Travels & Rentals IPO subscribed 608.46x.

	My Mudra Fincorp IPO	Travels & Rentals IPO
QIB (times)	48.83x
NII (times)	159.37x	754.64x
Big NII (times)
Small NII (times)
RII (times)	108.77x	429.90x
Employee (times)
Other (times)
Total (times)	102.48x	608.46x

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