IPO

My Mudra Fincorp Limited IPO

NSE SME

Listed On: Sep 12, 2024 at ₹ 130.0

₹ 264000 /2400 Shares
*Min Investment

Check Allotment

05 Sep, 2024

Open Date

09 Sep, 2024

Close Date

10 Sep, 2024

Allotment Date

12 Sep, 2024

Listing Date
My Mudra Fincorp IPO Issue Details
  • Issue Price ₹104-110 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 30,24,000 shares(aggregating up to ₹33.26 crore)
  • Fresh Share 30,24,000 shares(aggregating up to ₹33.26 crore)
  • Listing at NSE SME
  • List Price 130.0
  • Listing Date 2024-09-12
  • Lead Manager Hem Securities Limited
  • Registrar Skyline Financial Services Private Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,32,000
Retail(max)11200₹1,32,000
NII (min) 22400₹2,64,000
My Mudra Fincorp IPO Reservation

My Mudra Fincorp IPO offers total 30,24,000 shares. Out of which 5,74,800 (19.01%) allocated to QIB, 4,30,800 (14.25%) allocated to NII,10,05,600 (33.25%) allocated to RII, NA (NA%) allocated to employees and 8,59,200 (28.41%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered8,59,200 (28.41%)
Market Maker Shares Offered1,53,600 (5.08%)
QIB Shares Offered5,74,800 (19.01%)
NII (HNI) Shares Offered4,30,800 (14.25%)
Retail Shares Offered10,05,600 (33.25%)
Total Shares Offered30,24,000 (100%)
My Mudra Fincorp IPO Documents
DRHP
RHP
My Mudra Fincorp IPO Details


My Mudra Fincorp Limited IPO is an SME IPO, priced at ₹104-110 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 30,24,000 equity shares, aggregating up to ₹33.26 crores..

The IPO bidding window is open from Sep 5, 2024 to Sep 9, 2024. The allotment is expected to be finalized on Sep 10, 2024, and the tentative listing date is Sep 12, 2024.

The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.

Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.

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My Mudra Fincorp IPO Subscription Analysis And Details
Retail
108.77x
Total
102.55x
As onQIB / NIIRetailTotal
Shares Offered / Reserved574,800 / 430,8001,005,6002,011,200
Day 1 05-09-24 06:00 PM
7.00 / 3.60 x6.04 x5.79 x
Day 2 06-09-24 06:00 PM
8.58 / 11.30 x17.55 x13.65 x
Day 3 09-09-24 06:00 PM
48.83 / 159.72 x108.77 x102.55 x
Total No of Applications
91,147
My Mudra Fincorp Valuations
EPS Pre IPO ₹9.98/-
EPS Post IPO ₹7.33/-
P/E Pre IPO 11.02
P/E Post IPO 15
ROE 66.20%
ROCE 45.98%
RoNW 49.74%
PAT Margin 11.76
My Mudra Fincorp Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets3,027.821,485.01939.6
Revenue7,114.365,355.82,846.18
Profit After Tax835.52346.7546.86
Net Worth1,679.79844.27437.88
Reserves & Surplus1,678.61843.08436.81
Total Borrowing964.41371.1341.2
About My Mudra Fincorp Company

My Mudra Fincorp Limited was incorporated in the year 2013 and is acting as a Channel Partner (DSA) for all major banks and NBFCs in India.

A full-service financial-products distributor and sale company. Because the company was a channel partner, it delivered various secured loans-for example, to the home market and property to the referred clients-and unsecured loans-for instance, business to the referred customer and personal-to the referred clients. The credit card and professional loan were also a part of those services. For the insurance aspect, the services have been made available for a possible sale.

These range from private customers to businesses and professionals like the CAs, CSs.

As of 31 May, 2024 My Mudra Fincorp had an employee strength of 143 workers. Of those, 10 were part of the IT/CRM development team.

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My Mudra Fincorp - Promoter(s)

Vaibhav Kulshrestha

Nisha Kulshrestha

Pre Issue Share Holding : 78.74%

Post Issue Share Holding : 57.84%

My Mudra Fincorp IPO - Issue Objectives
1

Repayment of a portion of certain borrowing availed by the Company

2

Investment in technology development and digital infrastructure

3

To meet Working Capital requirements

4

General Corporate Purpose

My Mudra Fincorp IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
My Mudra Fincorp Limited10.0910.09N/AN/A49.74N/ARestated Financial Statement FY 2023-24
Akiko Global Services Limited4.214.21N/A16.1578.36N/AStandalone (March 31, 2023)

Notes:

  1. Akiko Global Services Limited was listed on July 02, 2024. The provided details are from March 31, 2023.
  2. For My Mudra Fincorp Limited, the issue price of equity shares is taken as the current market price.
  3. P/E Ratio is based on the current market price of the respective script.
  4. The EPS and RoNW of My Mudra Fincorp Limited are taken as per the Restated Financial Statement for the Financial Year 2023-24.
  5. NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on March 31, 2024 (March 31, 2023 for industry peer).
  6. RoNW is computed as net profit after tax divided by closing net worth. Net worth has been computed as specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details

My Mudra Fincorp

17A/45, 2nd Floor, w.e.a. Karol Bagh, Central Delhi, New Delhi, Delhi - 110005

011-47010500

info@mymudra.com

https://www.mymudra.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php