My Mudra Fincorp IPO will open for subscription from 05 September 2024. The company aims for an issue size of ₹33.26 Cr through this IPO.
Company Overview
| Full name | My Mudra Fincorp Limited |
| Sector | Finance |
| Industry | Finance – Housing |
| Company Website | https://www.mymudra.com/ |
About Company
Established in 2013, the company functions as a Channel Partner (DSA) for major banks and NBFCs operating in India. The company’s business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital marketing approach to acquire customers for the banks and NBFCs. The company specializes in the distribution and sales of a diverse range of financial products such as home loans, loans against property, business loans, personal loans, professional loan as well as credit cards. Recently, it has expanded its services to include the distribution of insurance products.
My Mudra Fincorp generates revenues from the fees and commissions it receives through various business segments. It serves a diverse clientele, including individuals, corporates, and professionals like Chartered Accountants (CAs) and Company Secretaries (CSs). The company also works through franchisees and sub-DSAs. During FY 2024, the company added 10 more franchisees and sub-DSAs to take the count to 149.
The Objectives of the Issue
- 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
My Mudra Fincorp IPO Timetable
| IPO Opening date | 05 September 2024 |
| IPO Closing | 09 September 2024 |
| Basis of Allotment | 10 September 2024 |
| Initiation Refund | 11 September 2024 |
| Credit to Demat Account | 11 September 2024 |
| Listing Date | 12 September 2024 |
My Mudra Fincorp IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹33.26 Cr – 3,024,000 shares |
| Fresh Issue | ₹33.26 Cr – 3,024,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹104 to ₹110 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 153,600 shares |
| Shareholding pre-issue | 8,367,800 |
| Shareholding post-issue | 11,391,883 |
| Listing Exchange | NSE SME |
My Mudra Fincorp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
My Mudra Fincorp Offer Documents
My Mudra Fincorp IPO Reservation Details
| QIB Shares Offered | Not more than 50.00% of the offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the offer |
| Retail Shares Offered | Not more than 35.00% of the offer |
My Mudra Fincorp Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 28.38 | 53.46 | 71.07 |
| Expenses | 27.76 | 48.70 | 59.95 |
| Net income | 0.47 | 3.47 | 8.36 |
My Mudra Fincorp Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.63 | 4.19 | 10.09 |
| PE ratio | – | – | 10.31 – 10.90 |
| RONW (%) | 10.70 | 41.07 | 49.74 |
| NAV | 5.85 | 10.20 | 20.29 |
| ROCE (%) | 13.86 | 44.12 | 45.98 |
| EBITDA (%) | 4.09 | 10.63 | 17.82 |
| Debt/Equity | 0.78 | 0.44 | 0.57 |
Company Promoters
- Vaibhav Kulshrestha
- Nisha Kulshrestha
Promoter Holding
| Pre Issue Share Holding | 78.74% |
| Post Issue Share Holding | 57.84% |
My Mudra Fincorp Offer GMP Update
Coming Soon
My Mudra Fincorp IPO Subscription Update
Coming Soon
My Mudra Fincorp IPO Allotment Status
My Mudra Fincorp IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
My Mudra Fincorp IPO Listing Details
| Listing Date | 12 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
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My Mudra Fincorp IPO Lead Manager(s)
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 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 Contact Details
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
My Mudra Fincorp IPO FAQs
What is My Mudra Fincorp offer size?
My Mudra Fincorp offer size is ₹ 31.45 – 33.26 crores.
What is My Mudra Fincorp offer price band?
My Mudra Fincorp public offer price is ₹ 104 – 110 per share.
What is the lot size of My Mudra Fincorp Offer?
My Mudra Fincorp offer lot size is 1,200 shares.
What is My Mudra Fincorp Offer GMP today?
My Mudra Fincorp IPO GMP today is ₹ 30 per share.
What is My Mudra Fincorp kostak rate today?
My Mudra Fincorp kostak rate today is ₹ NA per application.
What is My Mudra Fincorp IPO Subject to Sauda rate today?
My Mudra Fincorp’s Subject to Sauda rate today is ₹ 41,000 per application.
Final thoughts
My Mudra Fincorp IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
