My Mudra Fincorp Limited acts as a Channel Partner (DSA) for major banks and NBFCs in India.
The company specializes in the distribution and sale of a wide range of financial products. As a channel partner, the company offers secured loans such as home and property loans, unsecured loans such as business and personal loans, professional loans as well as credit cards to the referred customers. The company has also expanded its services to include the sale of insurance products.
The company’s customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).
As of May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
My Mudra Fincorp IPO – Details
| IPO Opening Date | 05 September 2024 |
| IPO Closing Date | 09 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 30,24,000 Shares Worth ₹33.26 Crore Fresh Issue: 30,24,000 Shares Worth ₹33.26 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹104 – ₹110 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
My Mudra Fincorp IPO – Date Schedule
| IPO Open Date | 05 September 2024 |
| IPO Close Date | 09 September 2024 |
| Basis of Allotment | 10 September 2024 |
| Initiation of Refund | 11 September 2024 |
| Credit of Shares to Demat Account | 11 September 2024 |
| IPO Listing Date | 12 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 09, 2024 |
My Mudra Fincorp IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,32,000 |
| Retail (Max) | 1 | 1200 | ₹1,32,000 |
| HNI (Min) | 2 | 2400 | ₹2,64,000 |
Competitive Strengths
- Strong portfolio and diverse range of Loan products across consumer preferences.
- Diversified revenue from multiple locations and geographies of India.
- Capital efficient model with low operating costs.
- Strategic Partnerships with Banks and NBFCs.
- Experienced Leadership and Management.
Company Promoters
- Vaibhav Kulshrestha
- Nisha Kulshrestha
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 28.46 | 27.76 | 0.46 | 3.41 |
| 31 March 2022 | 53.55 | 48.70 | 3.46 | 3.71 |
| 31 March 2023 | 71.14 | 59.94 | 8.35 | 9.64 |
Key Performance Indicator
| 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 | 15.00 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 78.74% |
| Post Issue Share Holding | 57.84% |
My Mudra Fincorp IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Hem Securities Limited |
My Mudra Fincorp IPO FAQs
| What is My Mudra Fincorp IPO? My Mudra Fincorp IPO is a SME IPO. The issue is priced at ₹104 and ₹110 per equity share. The IPO is to be listed on NSE SME. |
| When My Mudra Fincorp IPO will open? The IPO is to open on 05 September 2024 for QIB, NII, and Retail Investors. |
| What is My Mudra Fincorp IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the My Mudra Fincorp IPO? You can apply My Mudra Fincorp IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the My Mudra Fincorp IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “My Mudra Fincorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the My Mudra Fincorp IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “My Mudra Fincorp IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the My Mudra Fincorp IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “My Mudra Fincorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the My Mudra Fincorp IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “My Mudra Fincorp IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is My Mudra Fincorp IPO Size? My Mudra Fincorp IPO size is ₹33.26 Crore. |
| What is My Mudra Fincorp IPO Price Band? My Mudra Fincorp IPO Price Band is ₹104 – ₹110. |
| What is My Mudra Fincorp IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,32,000 amount while the maximum bid is 1200 Shares with ₹1,32,000. |
| What is the My Mudra Fincorp IPO Allotment Date? My Mudra Fincorp IPO allotment date is 10 September 2024. |
| What is the My Mudra Fincorp IPO Listing Date? My Mudra Fincorp IPO listing date is 12 September 2024. The IPO is to be listed on NSE SME. |
