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My Mudra Fincorp Ltd

Finance

Offer Period :

5th to 9th Sep 2024

Incorporated in 2013, My Mudra Fincorp Limited is a Channel Partner (DSA) for major Indian banks and NBFCs, specializing in distributing secured and unsecured loans, professional loans, Read more...credit cards, and insurance products. Serving private individuals, businesses, and professionals like CAs and CSs, the company taps into diverse market segments. As of May 31, 2024, it employs 143 people, including 10 focused on IT and CRM development. Read less

My Mudra Fincorp Ltd IPO Details

IPO Date 5th to 9th Sep 2024 Minimum Investment ₹132000 / 1 Lots
Listing Date 2024-09-12 Maximum Investment ₹132000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹33.26 Crores
Price ₹110 to ₹110 per share Fresh Issue ₹33.26 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 5th to 9th Sep 2024
Listing Date 2024-09-12
Face Value ₹10 per share
Price ₹110 to ₹110 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹132000 / 1 Lots
Maximum Investment ₹132000 / 1 Lots
Total Issue Size ₹33.26 Crores
Fresh Issue ₹33.26 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

5th Sep

IPO Starts

9th Sep

IPO Ends

10th Sep

Allotment Date

11th Sep

Initiation of Refund

11th Sep

Credit of Shares to Demat Account

12th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 78.74 57.84
Public Group 21.26 42.16

My Mudra Fincorp Ltd IPO Reservation

QIB Shares Offered 574800(19.01%)
NII (HNI) Shares Offered 430800(14.25%)
Retail Shares Offered 1005600(33.25%)
Anchor Investor Shares Offered 859200(28.41%)
Total Shares Offered 3024000
Total Shares With Anchor Investor 3024000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

My Mudra Fincorp Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number 011- 40450193-97
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

My Mudra Fincorp Ltd IPO Lead Manager

1. Hem Securities Ltd

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My Mudra Fincorp Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,74,800 49,34,400 22,325.0
Non Institutional Investors 5,84,400 98,47,200 22,325.0
Retail Individual Investors (RIIs) 10,05,600 2,67,90,000 22,325.0
Total 21,64,800 4,15,71,600 22,325.0

Strength of My Mudra Fincorp Ltd

1. Strong portfolio and diverse range of Loan products across consumer preferences.

2. Diversified revenue from multiple locations and geographies of India.

3. Capital efficient model with low operating costs.

4. Strategic Partnerships with Banks and NBFCs.

5. Experienced Leadership and Management.

Risks Involved

1. The company's business is depended on its relationship with Banks & NBFCs. The company has entered into agreements with major Banks and NBFCs, any termination of these existing relationship would adversely affect its business, results of operations, financial condition and prospects.

2. A substantial portion of the revenue is generated from its banking partners and financial institutions. The company banking partners and financial institutions are regulated by the Reserve Bank of India ("RBI") and any change in the RBI's policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

3. The proper functioning of its online platform and technology infrastructure is essential to the company's business. Any disruption to its IT systems and infrastructure could materially affect the company's ability to maintain the satisfactory performance of its platform and deliver consistent services to the company's users.

4. Its top ten and top five customers contribute approximately 63.56% and 42.54% respectively of the company's revenues for the financial year ended March 31, 2024. Any loss of business from one or more of them may adversely affect its revenues and profitability.

5. Significant disruptions in its information technology systems or breaches of data security could affect the company's business and reputation.

6. The company is bound by specific obligations and restrictive covenants outlined in the business agreements the company has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial condition.

7. The company relies on end consumers using one or more of its services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect its profitability and financial condition.

8. The company does not own the registered office, corporate office including branches from which the company carry out its business activities. If there are issues such as non-renewal of rent agreements, disputes regarding the use of these premises, or disruptions in business operations due to actions by its business associates, the company's business and operational results could be adversely affected.

9. If there are delays in the development or implementation of technology or digital infrastructure and the possible time or cost overruns related to the Proposed implementation or development are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

10. Increase in Consumer Complaints May Damage its Reputation, Cause Operational Disruptions, and Affect Financial Performance.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

My Mudra Fincorp Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-12 93289 MYMUDRA
INE0RVQ01016
₹110 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹110 ₹110
Open ₹0 ₹130
Low ₹0 ₹123.5
High ₹0 ₹130.05
Low ₹0 ₹123.5

Frequently Asked Questions

What is My Mudra Fincorp Ltd IPO?

Answer Field

My Mudra Fincorp Ltd IPO is a SME IPO of 30,24,000 equity shares of a face value of ₹10 aggregating up to ₹33.26 Crores. The issue is priced at ₹110 to ₹110 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 05, 2024, and closes on September 09, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When My Mudra Fincorp Ltd IPO will open?

Answer Field

The My Mudra Fincorp Ltd IPO opens on September 05, 2024 and closes on September 09, 2024.

What is the lot size of My Mudra Fincorp Ltd?

Answer Field

My Mudra Fincorp Ltd lot size is 1200 shares, and the minimum amount required is ₹1,32,000.

How to apply for My Mudra Fincorp Ltd IPO?

Answer Field

You can apply in My Mudra Fincorp Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is My Mudra Fincorp Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for My Mudra Fincorp Ltd IPO will be done on September 10, 2024, and the allotted shares will be credited to your demat account by September 11, 2024.

When is My Mudra Fincorp Ltd IPO listing date?

Answer Field

The My Mudra Fincorp Ltd listing date is September 12, 2024.

Who is the registrar of My Mudra Fincorp Ltd IPO?

Answer Field

The registrar of My Mudra Fincorp Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of My Mudra Fincorp Ltd IPO?

Answer Field

The fresh issue size is ₹33.26 Crores equity shares.

What minimum lot size can retail subscribers subscribe to My Mudra Fincorp Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,32,000 amount.

How can I approve the UPI mandate request for My Mudra Fincorp Ltd IPO?

Answer Field

To apply for My Mudra Fincorp Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of My Mudra Fincorp Ltd?

Answer Field

The price of each My Mudra Fincorp Ltd share will be ranging in between ₹110 to ₹110 per share.

What is the cut-off time for the UPI mandate for My Mudra Fincorp Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 09, 2024.

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