My Mudra Fincorp Limited
Bookbuilding IPO · NSE
- Price band
- ₹104 - ₹110
- Lot size
- 1,200 shares
- Issue amount
- ₹33.26 cr
- Total subscription
- 102.55×
- Opens
- 5 Sept 2024
- Closes
- 9 Sept 2024
- Allotment
- 10 Sept 2024
- Listing
- 12 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 30,24,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,800
- Fresh issue
- ₹33.26 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 83,67,800
- Shares after issue
- 1,13,91,883
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,32,000 |
| HNI | 2 | 2,400 | ₹2,64,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.32 | 308.75 |
| RETAIL | 11.06 | 1,203.14 |
| NIB | 4.74 | 756.9 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.09 | 4.19 | 0.63 |
| ROE | 66.2 | 54.09 | 11.32 |
| ROCE | 45.98 | 44.12 | 13.86 |
| RONW | 49.74 | 41.07 | 10.7 |
| PRE IPO(PE) | 11.02 | 0 | 0 |
| POST IPO(PE) | 15 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- Wide Reach: The company serves customers across multiple cities in India, reducing reliance on one region and strengthening its presence nationwide.
- Capital Efficient Model: My Mudra Fincorp runs its business with low operating costs, helping it achieve steady growth and profits.
Risk factors
- 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.
- 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.
- 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.
Promoters
Vaibhav Kulshrestha
Nisha Kulshrestha
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
17A/45, 2nd Floor, w.e.a. Karol Bagh, Central Delhi, New Delhi, Delhi - 110005
011-47010500
[email protected]Company website ↗Understanding MYMUDRA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.