My Mudra Fincorp Limited IPO
My Mudra Fincorp Limited IPO opens on September 5, 2024, and closes on September 9, 2024. The allotment for the My Mudra Fincorp Limited IPO is anticipated to be completed on Tuesday, September 10, 2024. The IPO will be tentatively listed on the NSE and SME on Thursday, September 12, 2024.
My Mudra Fincorp Limited IPO’s price band is Rs 104 to Rs 110 per share. The 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 Details
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
| Shareholding pre-issue | 8,367,800 |
| Shareholding post-issue | 11,391,883 |
| Market Maker portion | 153,600 shares |
My Mudra Fincorp IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| S-HNI (Min) | 2 | 2400 | ₹264,000 |
My Mudra Fincorp IPO Objectives
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- To Meet Working Capital Requirement.
- Repayment of a portion of certain borrowing availed by the Company
- General Corporate Purpose.
- Investment in technology development and digital infrastructure
About My Mudra Fincorp Limited
Incorporated in 2013, My Mudra Fincorp Limited operates as a Channel Partner (DSA) for major banks and NBFCs in India, specializing in distributing a wide range of financial products. The company offers both secured loans (home and property), unsecured loans (business and personal), professional loans, and credit cards, and has expanded into selling insurance products. Serving private individuals, businesses, and professionals like chartered accountants and company secretaries, My Mudra Fincorp had 143 employees as of May 31, 2024, including 10 in IT and CRM development.
My Mudra Fincorp Limited 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 |
My Mudra Fincorp IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
My Mudra Fincorp IPO Timeline
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 |
| A 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 |
