My Mudra Fincorp Limited
Corporate Identity Numbers: U65191DL2013PLC257611
My Mudra Fincorp Limited IPO is a book-built issue of Rs 33.26 crores. The issue is a fresh issue of 30.24 Lakh Shares in exchange for Rs 33.26 crore.
My Mudra Fincorp Limited IPO will be open to apply on September 5, 2024, and it will be closed on September 9, 2024, at 5:00 PM. The allotment of the My Mudra Fincorp Limited IPO (Initial public offering) is expected to be finalized on Tuesday, September 10, 2024. My Mudra Fincorp Limited IPO will be listed on the NSE SME Segment with the subject (to) listing date fixed as Thursday, September 12, 2024. Refund for not-allotment is on Wednesday, September 11, 2024.
My Mudra Fincorp Limited’s price is set between ₹104 to ₹110 per share. The minimum lot size for retail investors is 1200 Shares and the minimum amount is ₹132,000. The minimum lot size in HNI is 2 lots(2400 Shares) and the amount is about ₹264,000.
For more detailed information about My Mudra Fincorp Limited IPO, Read RHP.
My Mudra Fincorp IPO Details
| 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 |
My Mudra Fincorp IPO Time Table (Tentative Schedule)
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 |
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 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
My Mudra Fincorp IPO Reservation
My Mudra Fincorp IPO offers 30,24,000 shares. 5,74,800 (19.01%) to QIB, 4,30,800 (14.25%) to NII, 10,05,600 (33.25%) to RII, and 8,59,200 (28.41%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,59,200 (28.41%) |
| Market Maker Shares Offered | 1,53,600 (5.08%) |
| QIB Shares Offered | 5,74,800 (19.01%) |
| NII (HNI) Shares Offered | 4,30,800 (14.25%) |
| Retail Shares Offered | 10,05,600 (33.25%) |
| Total Shares Offered | 30,24,000 (100%) |
My Mudra Fincorp IPO Promoter Holding
Vaibhav Kulshrestha And Nisha Kulshrestha are the promoters of the company.
| Share Holding Pre-Issue | 78.74% |
| Share Holding Post Issue | 57.84% |
About My Mudra Fincorp Limited
My Mudra Fincorp Limited was established in 2013 and works as a Channel Partner (DSA) for major banks and NBFCs in India.
My Mundra Fincorp Limited distributes and sells a wide range of financial products like loans. The company offers secured loans such as home and property loans, and unsecured loans such as personal loan, business loans, professional loans as well as credit cards to the referred customers. The company is also selling insurance plans to customers.
The company’s customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).
On May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
My Mudra Fincorp Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
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 |
Objects of the Issue (My Mudra Fincorp IPO Objectives)
The issued money is used in the following:
- 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 Subscription Status (Bidding Detail)
The My Mudra Fincorp IPO is subscribed 4.45 times on September 5, 2024, at 4:02:00 PM (Day 1). The public issue subscribed 3.91 times in the retail category, 7.00 times in the QIB category, and 2.32 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.00 | 5,74,800 | 40,22,400 |
| NII* | 2.32 | 4,30,800 | 10,00,800 |
| Retail | 3.91 | 10,05,600 | 39,28,800 |
| Total | 4.45 | 20,11,200 | 89,52,000 |
My Mudra Fincorp IPO Prospectus
My Mudra Fincorp Limited Contact Details
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/
My Mudra Fincorp IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
My Mudra Fincorp IPO – Buy or Not
My Mudra Fincorp IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
My Mudra Fincorp Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 05-09-2024 Open | 110.00 | ₹40  |
36500 | ₹150 (36.36%) | 5-Sep-2024 14:02 |
| 04-09-2024 | 110.00 | ₹40  |
36500 | ₹150 (36.36%) | 4-Sep-2024 23:27 |
| 03-09-2024 | 110.00 | ₹0 |
— | ₹110 (0%) | 3-Sep-2024 23:30 |
| 02-09-2024 | 110.00 | ₹0 |
— | ₹110 (0%) | 2-Sep-2024 23:28 |
| 01-09-2024 | 110.00 | ₹0 |
— | ₹110 (0%) | 1-Sep-2024 23:31 |
| 31-08-2024 | 110.00 | ₹0 |
— | ₹110 (0%) | 31-Aug-2024 23:25 |
| 30-08-2024 | 110.00 | ₹0 |
— | ₹110 (0%) | 30-Aug-2024 23:29 |
IPO grey market premium (GMP)
| SME IPO Activity | Date |
|---|---|
| SME IPO Open Date | 05-09-2024 |
| SME IPO Close Date | 09-09-2024 |
| Basis of Allotment Finalization Date* |
10-09-2024 |
| Refunds Initiation* | 11-09-2024 |
| Credit of Shares to Demat Account* |
11-09-2024 |
| SME IPO Listing Date* | 12-09-2024 |
