IPO

My Mudra Fincorp Ltd. IPO

My Mudra Fincorp Ltd., established in 2013, operates in the Finance & Investments sector. The company's IPO opened on September 5, 2024 and closed on September 9, 2024, with an issue price of ₹110. ... Read more

Min Investment
₹ 1,32,000 / 1200 shares
Price Range
₹104 - ₹ 110
Bidding Dates
5 Sep '24 - 9 Sep '24
Total Issue Value
33.26 Cr
Lot Size
1,200
Total Issue Size
33.26 Cr
Listing At
NSE SME
Subscription
101.29 times
NSE Price
80.00 (-27.27%)

IPO Timeline

  • 5 Sep 2024
    Bidding Starts
  • 9 Sep 2024
    Bidding Ends
  • 10 Sep 2024
    Allotment Finalization
  • 12 Sep 2024
    Listing

About My Mudra Fincorp Ltd.

our company operates as a Channel Partner (DSA) for major Banks and NBFCs in India. We integrate tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) approach to acquire customers. We specialize in distributing secured loans (home ... Read more

Parent organisation
Founded
My Mudra Fincorp Ltd.
2013

My Mudra Fincorp Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 8,59,200 (28.41%)
Market Makers 1,53,600 (5.08%)
Non Institutional Investors 4,30,800 (14.25%)
Qualified Institutional Buyers (QIBs) 5,74,800 (19.01%)
Retail Individual Investors (RIIs) 10,05,600 (33.25%)

My Mudra Fincorp Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 71.14 Cr 8.36 Cr 16.79 Cr
31 Mar 2023 53.56 Cr 3.47 Cr 8.43 Cr
31 Mar 2022 28.46 Cr 46.86 Lakh 4.37 Cr

My Mudra Fincorp Ltd. Background

Major Events And Milestones
  • 2013
    Incorporation of the Company.
  • 2017
    Established first branch at Indore locations
  • 2022
    Award Given by Kotak Mahindra Bank for exemplary performance and contribution to the business.
  • 2023
    Conversion of the Company from Private Limited to Public Limited Company.
  • 2024
    Crossed a revenue of Rs. 7000 lakhs
My Mudra Fincorp Ltd. Object of Issues

1. Repayment of a portion of certain borrowing availed by our Company
2. Investment in technology development and digital infrastructure
3. To meet Working Capital requirements
4. General Corporate Purpose

My Mudra Fincorp Ltd. IPO Listing Details
Listing Date
12 Sep 2024
NSE Symbol
MYMUDRA
ISIN
INE0RVQ01016
Final Issue Price
₹ 110
My Mudra Fincorp Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 110.00
Open - ₹ 130.00
Low - ₹ 123.50
High - ₹ 130.05
Last Trade - ₹ 123.50
My Mudra Fincorp Ltd. Company Promoters

1. Vaibhav Kulshrestha
2. Nisha Kulshrestha

Industry Overview

The Indian financial services sector is thriving, driven by rising incomes and financial inclusion, with the insurance market projected to reach US$ 1 trillion by 2025. The fintech space is expanding rapidly, with over 2,100 companies, and the mobile wallet industry is expected to grow at a CAGR ... Read more

My Mudra Fincorp Ltd. IPO Registrar
Skyline Financial Services Pvt. Ltd.
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi Delhi - 110020
40450193, 40450197
My Mudra Fincorp Ltd. IPO Lead Manager(s)
Hem Securities Ltd
No.904, Naman Midtown-Wing A, 9th Floor, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai Maharashtra - 400013
49060000

FAQs

When does My Mudra Fincorp Ltd. IPO opens and closes?

My Mudra Fincorp Ltd. IPO opens from 5th September to 9th September 2024.

What is the size of My Mudra Fincorp Ltd. IPO?

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

What is the price range of My Mudra Fincorp Ltd. IPO?

The price range of My Mudra Fincorp Ltd. IPO is at ₹104 to ₹110 per share.

What is the minimum investment and lot size required for the My Mudra Fincorp Ltd. IPO?

The minimum investment required is ₹1,32,000 and minimum lot size is 1200 shares.

When is My Mudra Fincorp Ltd. IPO listing date?

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

What is the objective of My Mudra Fincorp Ltd. IPO?

1. Repayment of a portion of certain borrowing availed by our Company
2. Investment in technology development and digital infrastructure
3. To meet Working Capital requirements
4. General Corporate Purpose

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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