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My Mudra Fincorp IPO is a book built issue of Rs 33.26 crores. The issue is entirely a fresh issue of 30.24 lakh shares.
My Mudra Fincorp IPO opens for subscription on September 5, 2024 and closes on September 9, 2024. The allotment for the My Mudra Fincorp IPO is expected to be finalized on Tuesday, September 10, 2024. My Mudra Fincorp IPO will list on NSE SME with tentative listing date fixed as Thursday, September 12, 2024.
My Mudra Fincorp IPO price band is set at ₹104 to ₹110 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹264,000.
Hem Securities Limited is the book running lead manager of the My Mudra Fincorp IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for My Mudra Fincorp IPO is Hem Finlease.
Refer to My Mudra Fincorp IPO RHP for detailed information.
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹110 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,024,000 shares (aggregating up to ₹33.26 Cr) |
| Fresh Issue | 3,024,000 shares (aggregating up to ₹33.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,367,800 |
| Share holding post issue | 11,391,883 |
| Market Maker portion | 153,600 shares Hem Finlease |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
My Mudra Fincorp IPO opens on September 5, 2024, and closes on September 9, 2024.
| IPO Open Date | Thursday, September 5, 2024 |
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| Credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
| Lot Size Calculator | |||
Vaibhav Kulshrestha And Nisha Kulshrestha are the promoters of the company.
| Share Holding Pre Issue | 78.74% |
| Share Holding Post Issue | 57.84% |
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.
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 | ||||||||||||||||||||||||||||||
The market capitalization of My Mudra Fincorp IPO is Rs 125.31 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 66.20% |
| ROCE | 45.98% |
| RoNW | 49.74% |
| PAT Margin (%) | 11.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.98 | 7.33 |
| P/E (x) | 11.02 | 15 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is engaged in providing finance related services under one roof. It is operating in a highly competitive and fragmented segment. It posted steady growth in its top and bottom lines. Based on FY24 super earnings, the issue relatively appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
My Mudra Fincorp IPO is a SME IPO of 3,024,000 equity shares of the face value of ₹10 aggregating up to ₹33.26 Crores. The issue is priced at ₹104 to ₹110 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 5, 2024, and closes on September 9, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in My Mudra Fincorp IPO using UPI as a payment gateway. Zerodha customers can apply in My Mudra Fincorp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in My Mudra Fincorp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The My Mudra Fincorp IPO opens on September 5, 2024 and closes on September 9, 2024.
My Mudra Fincorp IPO lot size is 1200 Shares, and the minimum amount required is ₹132,000.
You can apply in My Mudra Fincorp IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for My Mudra Fincorp IPO will be done on Tuesday, September 10, 2024, and the allotted shares will be credited to your demat account by Wednesday, September 11, 2024. Check the My Mudra Fincorp IPO allotment status.
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