My Mudra Fincorp IPO Details
| IPO Size | 33.26 |
| Price Range | ₹104 - ₹110 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹132,000 |
| Pre IPO Promotor Holding | 78.74% |
| Post IPO Promotor Holding | 57.84% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
My Mudra Fincorp IPO Timelines
05/09/2024
Start Date09/09/2024
End Date11/09/2024
Refund Initiation11/09/2024
Credit of Shares to Demat Ac12/09/2024
Listing DateMy Mudra Fincorp IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹132,000 |
| Retail Maximum | 1 | 1200 | ₹132,000 |
| HNI Minimum | 2 | 2400 | ₹264,000 |
My Mudra Fincorp IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 48.83 x | 159.37 x | 108.77 x | -- | 102.48 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹130 | ₹123.50 | ₹130.05 | ₹123.5 |
My Mudra Fincorp IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹28.46 | ₹27.76 | ₹0.47 |
| FY 2023 | ₹53.56 | ₹48.70 | ₹3.47 |
| FY 2024 | ₹71.14 | ₹59.95 | ₹8.36 |
About Company
My Mudra Fincorp Limited, established in 2013, works as a Channel Partner (DSA) for major banks and NBFCs in India. The company helps distribute and sell various financial products, including secured loans like home and property loans, unsecured loans such as business and personal loans, professional loans, and credit cards. They’ve also started offering insurance products.
Their customers include individuals, businesses, and professionals like chartered accountants (CAs) and company secretaries (CSs). By 31 May 2024, the company had 143 employees, with 10 of them focused on IT and CRM development.
Peers
Akiko Global Services Limited
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Finance | Vaibhav Kulshrestha |
Know Before Investing
My Mudra Fincorp IPO Strengths
- Robust portfolio offering a wide variety of loan products tailored to different consumer needs.
- Revenue is well-spread across various regions and locations in India.
- Capital-efficient approach with minimal operating expenses.
- Key alliances with banks and NBFCs.
- Led by a skilled and experienced management team.
My Mudra Fincorp IPO Risks
- Heavy reliance on partnerships with banks and NBFCs may impact business if these relationships weaken or end.
- Any changes in banking or financial regulations could affect the company’s operations and profitability.
- Intense competition from other DSAs and financial institutions could pressure margins and market share.
- Economic downturns or slowdowns may lead to lower demand for loans and financial products, affecting revenue.
Swot Analysis for My Mudra Fincorp IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
My Mudra Fincorp Limited
17A/45, 2nd Floor,
w.e.a. Karol Bagh, Central Delhi,
New Delhi, Delhi – 110005
Phone: 011-47010500
Email: [email protected]
Website: https://www.mymudra.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of My Mudra Fincorp IPO are:
- Repayment of a portion of certain borrowing availed by their Company
- Investment in technology development and digital infrastructure
- To meet Working Capital requirements
- General Corporate Purpose.
- Hem Securities Ltd.
is the book-running lead managers for the My Mudra Fincorp IPO.