My Mudra Fincorp Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 104 to ₹ 110 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 30,24,000 shares (aggregating up to ₹ 33.26 Cr) |
| Fresh Issue | 30,24,000 shares (aggregating up to ₹ 33.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 83,67,800 |
| Share holding post issue | 1,13,91,883 |
| Market Maker portion | 1,53,600 shares Hem Finlease |
About My Mudra Fincorp Limited IPO And Its GMP
My Mudra Fincorp Limited functions as a Channel Partner (DSA) for major Banks and NBFCs operating in India. Their business model integrates tele-calling, advertising, direct marketing, referrals, networking and a combined physical and digital (physical) marketing approach to acquire customers for the banks and NBFCs.
Specializing in the distribution and sales of a diverse range of financial products as channel partners, they offer secured loans such as home loans and loans against property, unsecured loans like business loans and personal loans, professional loans as well as credit cards to the procured customers. Recently, they have expanded their services to include the distribution of insurance products.
- •Book Running Lead Manager: Hem Securities Limited
- •Registrar: Skyline Financial Services Private Ltd
- •Market Maker: Hem Finlease
My Mudra Fincorp Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Company & Financials
My Mudra Fincorp Limited was incorporated in 2013 and acts as a Channel Partner (DSA) for major banks and NBFCs in India. The company specializes in the distribution and sale of a wide range of financial products. As a channel partner, the company offers secured loans such as home and property loans, unsecured loans such as business and personal loans, professional loans as well as credit cards to the referred customers. The company has also expanded its services to include the sale of insurance products. The company's customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).
Objectives of My Mudra Fincorp IPO
The company intends to utilize the proceeds of the Issue to meet the following 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 Review
The company is engaged in providing finance-related services under one roof. It is operating in a highly competitive and fragmented segment. It posted steady growth in its top and bottom lines. Based on FY24 super earnings, the issue relatively appears fully priced. Well-informed investors may park moderate funds for the medium term.
My Mudra Fincorp Limited IPO And Its GMP Financial Information
Latest Revenue
7,114.36
₹ Crore
Profit After Tax
835.52
₹ Crore
Net Worth
1,679.79
₹ Crore
Total Borrowing
964.41
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 3,027.82 | 7,114.36 | 835.52 | 1,679.79 | 964.41 | ||||
| 31 Mar 2023 | 1,485.01 | 5,355.8 | 346.75 | 844.27 | 371.1 | ||||
| 31 Mar 2022 | 939.6 | 2,846.18 | 46.86 | 437.88 | 341.2 | ||||
| Amount in ₹ Crore | |||||||||
My Mudra Fincorp Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-11 | ₹110 | ₹36.0 (33%) | 2024-09-11 |
My Mudra Fincorp Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 66.20% |
| ROCE | 45.98% |
| RoNW | 49.74% |
| PAT Margin (%) | 11.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.98 | 7.33 |
| P/E (x) | 11.02 | 15 |
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My Mudra Fincorp Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Thursday, September 5, 2024 |
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| Credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |