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My Mudra Fincorp Limited IPO

My Mudra Fincorp Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 130.00 (+18.18%)

Having completed its public offering, My Mudra Fincorp Limited's is now listed and trading on the NSE exchange as of 12-09-2024. The IPO raised cumulative capital of 30,24,000 Shares, including 30,24,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹104 to ₹110 and minimum investment requirement of 1200 shares. subscription activity between 05-09-2024 and 09-09-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 10-09-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

My Mudra IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
My Mudra IPO Key Performance Indicator
Company Financials ( In Lakhs )

My Mudra IPO About Company

My Mudra Fincorp Limited, established in 2013, operates as a Channel Partner (DSA) for leading banks and NBFCs across India, offering a wide range of financial products including secured loans such as home and property loans, unsecured loans like business and personal loans, professional loans, and credit cards, along with insurance services. The company serves a diverse customer base comprising individuals, businesses, and professionals including chartered accountants and company secretaries. Supported by a team of 143 employees as of May 31, 2024—including 10 dedicated to IT and CRM development—My Mudra Fincorp continues to strengthen its distribution network and digital capabilities to deliver efficient and accessible financial solutions.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


My Mudra IPO Strength Factors

  1. Strong Portfolio: My Mudra Fincorp offers a wide variety of loans to suit different customer needs, including secured and unsecured loans, professional loans, credit cards, and insurance products.
  2. Wide Reach: The company serves customers across multiple cities in India, reducing reliance on one region and strengthening its presence nationwide.
  3. Capital Efficient Model: My Mudra Fincorp runs its business with low operating costs, helping it achieve steady growth and profits.

My Mudra IPO Risk Factors

  1. Dependence on Banks and NBFCs: My Mudra Fincorp works closely with major banks and NBFCs to run its business. If these partnerships end, it could badly affect the company’s services and profits.
  2. Regulatory Risks: The company earns most of its revenue through banking and financial partners, which follow RBI rules. If RBI changes its policies, it could hurt the company’s business and cash flow.
  3. Technology Dependence: The company depends on its online platform and IT systems. Any technical issues or system failures could slow down services and harm its reputation and operations.

My Mudra IPO Lead Manager(s)

  • Hem Securities Limited

My Mudra IPO Promoter(s)

  1. Vaibhav Kulshrestha
  2. Nisha Kulshrestha

My Mudra IPO Company Details

My Mudra Fincorp Limited
Phone:
address:

My Mudra IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

My Mudra IPO FAQs