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My Mudra IPO is a book build issue of ₹33.26 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹33.26 crore.
My Mudra IPO bidding started from Sep 5, 2024 and ended on Sep 9, 2024. The allotment for My Mudra IPO was finalized on Sep 10, 2024. The shares got listed on NSE SME on Sep 12, 2024.
My Mudra IPO price band is set at ₹110.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,24,800 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,64,000.
Hem Securities Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to My Mudra IPO RHP for detailed Information.
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | September 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹104 to ₹110 per share |
| Issue Price Final | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,24,000 shares (aggregating up to ₹33.26 Cr) |
| Reserved for Market Maker | 1,53,600 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.69 Cr) |
| Net Offered to Public | 28,70,400 shares (aggregating up to ₹31.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 83,67,800 shares |
| Share Holding Post Issue | 1,13,91,883 shares |
My Mudra Fincorp IPO offers total 30,24,000 shares. Out of which 14,34,000 (47.42%) allocated to QIB, 5,74,800 (19.01%) allocated to QIB, 4,30,800 (14.25%) allocated to NII, 10,05,600 (33.25%) allocated to RII and 8,59,200 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,53,600 (5.08%) |
| QIB Shares Offered | 14,34,000 (47.42%) |
| − Anchor Investor Shares Offered | 8,59,200 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 5,74,800 (19.01%) |
| NII (HNI) Shares Offered | 4,30,800 (14.25%) |
| Retail Shares Offered | 10,05,600 (33.25%) |
| Total Shares Offered | 30,24,000 (100.00%) |
My Mudra IPO raises ₹9.45 crore from anchor investors. My Mudra IPO Anchor bid date is September 4, 2024. My Mudra IPO Anchor Investors list
| Bid Date | September 4, 2024 |
| Shares Offered | 8,59,200 |
| Anchor Portion Size (In Cr.) | 9.45 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 9, 2024 |
My Mudra IPO opens on September 5, 2024, and closes on September 9, 2024.
| IPO Open Date | Thu, Sep 5, 2024 |
| IPO Close Date | Mon, Sep 9, 2024 |
| Tentative Allotment | Tue, Sep 10, 2024 |
| Initiation of Refunds | Wed, Sep 11, 2024 |
| Credit of Shares to Demat | Wed, Sep 11, 2024 |
| Tentative Listing Date | Thu, Sep 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 9, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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).
As of May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
My Mudra Fincorp Limited's revenue increased by 33% and profit after tax (PAT) rose by 141% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,027.82 | 1,485.01 | 939.6 |
| Total Income | 7,114.36 | 5,355.8 | 2,846.18 |
| Profit After Tax | 835.52 | 346.75 | 46.86 |
| Net Worth | 1,679.79 | 844.27 | 437.88 |
| Reserves and Surplus | 1,678.61 | 843.08 | 436.81 |
| Total Borrowing | 964.41 | 371.1 | 341.2 |
| Amount in ₹ Lakhs | |||
The market capitalization of My Mudra IPO is ₹125.31 Cr.
KPI as of Sun, Mar 31, 2024.
| 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 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] 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 medium term. Read detail review...
| Listing Date | September 12, 2024 |
| BSE Script Code | |
| NSE Symbol | MYMUDRA |
| ISIN | INE0RVQ01016 |
| Final Issue Price | ₹110 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹130.05 |
| Last Trade | ₹123.50 |
My Mudra Fincorp Ltd.
17A/45, 2nd Floor,
w.e.a. Karol Bagh, Central Delhi,
New Delhi, Delhi - 110005
New Delhi, New Delhi
Phone: 011-47010500
Email: info@mymudra.com
Website: https://www.mymudra.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
My Mudra IPO is a SME IPO of 30,24,000 equity shares of the face value of ₹10 aggregating up to ₹33.26 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on September 5, 2024, and closes on September 9, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in My Mudra IPO using UPI as a payment gateway. Zerodha customers can apply in My Mudra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in My Mudra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The My Mudra IPO opens on September 5, 2024 and closes on September 9, 2024.
My Mudra IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in My Mudra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for My Mudra IPO will be done on Tuesday, September 10, 2024, and the allotted shares will be credited to your demat account by Wednesday, September 11, 2024. Check the My Mudra IPO allotment status.
The My Mudra IPO listing date is on Thursday, September 12, 2024.
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