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My Mudra Fincorp IPO

  • Status: Closed
  • RHP:
  • ₹ 124,800 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    12 Sep 2024

  • Listing Price

    ₹ 130.00

  • Listing Change

    18.18%

  • Last Traded Price

    ₹ 86.60

IPO Details

  • Open Date

    05 Sep 2024

  • Close Date

    09 Sep 2024

  • IPO Price Range

    ₹ 104 to ₹ 110

  • IPO Size

    ₹ 33.26 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    12 Sep 2024

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IPO Timeline

My Mudra Fincorp IPO Subscription Status

Last Updated: 09 September 2024 6:26 PM by 5Paisa

Last Updated: 9th September 2024, 06:26 PM by 5paisa

My Mudra Fincorp IPO is set to open on 05 September 2024 and will close on 09 September 2024. The company focuses on distributing and selling a diverse array of financial products.

The IPO includes a fresh issue of  30.24 lakh shares aggregating up to ₹33.26 Cr and it does not include an offer for sale. The price band is ₹104 to ₹110 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalised on 10 September 2024. It will go public on NSE SME, with a tentative listing date of 12 September 2024.

Hem Securities Limited is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar. 

My Mudra IPO Size

Types Size (₹Cr)
Total IPO Size 33.26
Offer for Sale -
Fresh Issue 33.26

 

My Mudra IPO Lot Size

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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 48.83 5,74,800 2,80,68,000 308.75
NII (HNI) 159.37 4,30,800 6,86,55,600 755.21
Retail 108.77 10,05,600 10,93,76,400 1,203.14
Total 102.48 20,11,200 20,61,00,000 2,267.10

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Repayment of part of the company's existing borrowings
4. Investment in technology advancements and digital infrastructure
 

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
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 71.14 53.56 28.46
EBITDA 12.66 5.68 1.16
PAT 8.36 3.47 46.86
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 30.28 14.85 9.30
Share Capital 0.01  0.01  0.01
Total Borrowings 9.64 3.71 3.41
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 1.76 1.36 -0.04
Net Cash Generated From / (used in) investing activities -5.54 -1.45 -0.03
Net Cash Generated From / (used in) financing activities 4.97 0.39 0.21 
Net Increase (Decrease) In Cash And Cash Equivalents 1.10 0.20 0.14


Strengths

1. Robust portfolio offering a wide variety of loan products tailored to different consumer needs.
2. Revenue is well-spread across various regions and locations in India.
3. Capital-efficient approach with minimal operating expenses.
4. Key alliances with banks and NBFCs.
5. Led by a skilled and experienced management team.
 

Risks

1. Heavy reliance on partnerships with banks and NBFCs may impact business if these relationships weaken or end.
2. Any changes in banking or financial regulations could affect the company's operations and profitability.
3. Intense competition from other DSAs and financial institutions could pressure margins and market share.
4. Economic downturns or slowdowns may lead to lower demand for loans and financial products, affecting revenue.
 

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FAQs

My Mudra Fincorp IPO opens from 05th September to 09th September 2024.

The size of the My Mudra Fincorp IPO is ₹33.26 Cr.

The price band of My Mudra Fincorp IPO is fixed between ₹104 to ₹110 per share. 

To apply for My Mudra Fincorp IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the My Mudra Fincorp IPO.    
●    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.

The minimum lot size of My Mudra Fincorp IPO is 1200 shares and the investment required is ₹1,32,000.
 

The share allotment date of My Mudra Fincorp IPO is 10 th September 2024

The My Mudra Fincorp IPO will be listed on 12th September 2024.

Hem Securities Limited is the book-running lead manager for My Mudra Fincorp IPO.

My Mudra Fincorp plans to utilize the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Repayment of part of the company's existing borrowings
4. Investment in technology advancements and digital infrastructure