My Mudra Fincorp Limited IPO

NiftyTrader • September 4, 2024

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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