My Mudra Fincorp IPO Details: The My Mudra Fincorp IPO is set to open on September 5, 2024, and will close on September 9, 2024. This issue, being a Book Built Issue, aims to raise approximately ₹33.26 crores. This includes a fresh issue of ₹33.26 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the My Mudra Fincorp IPO is ₹104 to ₹110 per share. The allocation will be divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on the NSE on September 12, 2024, with the allotment date scheduled for September 10, 2024.
Financial Performance
In the fiscal year 2024, My Mudra Fincorp reported a revenue of ₹71.14 crores, up from ₹53.56 crores in 2023. The company also saw an increase in profit, reaching ₹8.36 crores compared to ₹3.47 crores the previous year. Based on these financials, the IPO presents a promising long-term investment opportunity.
Promoters
The company is led by promoters Vaibhav Kulshrestha and Nisha Kulshrestha.
About My Mudra Fincorp
My Mudra Fincorp serves as a Channel Partner (DSA) for leading banks and non-banking financial companies (NBFCs) in India. They offer a range of products including unsecured and secured loans, professional loans, credit cards, and insurance. The firm also engages in the distribution and sale of various financial products.
By enabling customers to research and compare different lending and insurance options, My Mudra Fincorp enhances choice and transparency. They generate revenue through commissions from loan, credit card, and insurance activities. The company operates in eight states with nine branches and over 140 franchise/channel partners and Sub DSAs.
My Mudra Fincorp IPO Objectives:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- 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 Review (Apply or Not)
- Update soon
My Mudra Fincorp IPO Date & Price Band Details:
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹104 to ₹110 Per Share |
| Issue Size: | Approx ₹33.26 Crores |
| Fresh Issue: | Approx ₹33.26 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
My Mudra Fincorp IPO Lot Size:
The minimum market lot for the My Mudra Fincorp IPO is 1,200 shares, which requires an application amount of ₹132,000.
| 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 Timeline:
The My Mudra Fincorp IPO is scheduled to open on September 5 and close on September 9. Allotments for the IPO will be finalized on September 10, with shares expected to be listed on the NSE on September 12.
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Basis of Allotment: | September 10, 2024 |
| Refunds: | September 11, 2024 |
| Credit to Demat Account: | September 11, 2024 |
| IPO Listing Date: | September 12, 2024 |
My Mudra Fincorp IPO GMP Today:
GMP for My Mudra Fincorp SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
My Mudra Fincorp Company Financial Report
The company reported revenue of ₹71.14 crores in 2024 against ₹53.56 crores in 2023. The company reported a profit of ₹8.36 crores in 2024 against a loss of ₹3.47 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹28.46 | ₹27.76 | ₹0.47 | ₹9.40 |
| 2023 | ₹53.56 | ₹48.70 | ₹3.47 | ₹14.85 |
| 2024 | ₹71.14 | ₹59.95 | ₹8.36 | ₹30.28 |
My Mudra Fincorp IPO Valuation – FY2024
Check My Mudra Fincorp IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 66.20% |
| ROCE: | 45.98% |
| EBITDA Margin: | 17.82% |
| PAT Margin: | 11.76% |
| Debt to equity ratio: | 0.57 |
| Earning Per Share (EPS): | ₹10.09 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.74% |
| Net Asset Value (NAV): | ₹20.29 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| My Mudra Fincorp | 10.09 | NA | 49.74 | 20.29 | 71.07 Cr. |
| Akiko Global Services Limited | 4.21 | 16.15 | 78.36 | 16.10 | 39.58 Cr. |
My Mudra Fincorp IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
E-mail: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
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 FAQs
1. What are the dates for the My Mudra Fincorp IPO?
The My Mudra Fincorp IPO will open on September 5, 2024, and close on September 9, 2024. The allotment of shares will be finalized on September 10, 2024, and the shares are expected to list on the NSE on September 12, 2024.
2. What is the price band for the My Mudra Fincorp IPO?
The price band for the My Mudra Fincorp IPO is set between ₹104 and ₹110 per share.
3. How many shares are required for a minimum application?
The minimum market lot for the My Mudra Fincorp IPO is 1,200 shares, which requires an application amount of ₹132,000.
4. What is the allocation of shares in the IPO?
The share allocation for the My Mudra Fincorp IPO is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
5. Who are the promoters of My Mudra Fincorp?
The company is promoted by Vaibhav Kulshrestha and Nisha Kulshrestha.
6. What is the financial performance of My Mudra Fincorp?
In the fiscal year 2024, My Mudra Fincorp reported a revenue of ₹71.14 crores, up from ₹53.56 crores in 2023. The company’s profit increased to ₹8.36 crores from ₹3.47 crores the previous year.
7. What type of company is My Mudra Fincorp?
My Mudra Fincorp operates as a Channel Partner (DSA) for leading banks and non-banking financial companies (NBFCs) in India. They provide a range of financial products including unsecured and secured loans, professional loans, credit cards, and insurance.
8. How does My Mudra Fincorp generate revenue?
The company generates revenue through commissions from loan, credit card, and insurance activities. They also operate in eight states with nine branches and have over 140 franchise and channel partners.
9. Where can I find more information about the IPO?
For more details about the My Mudra Fincorp IPO, including application procedures and updates, please visit the official website or consult your financial advisor.
