Bookbuilding IPO | ₹33 Cr | Listed at NSE SME | Thu, Sep 5, 2024 - Mon, Sep 9, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,32,000 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 5, 2024
IPO Close
Mon, Sep 9, 2024
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹125.31 Cr
| IPO Date | 5 to 9 Sep, 2024 |
| Listed on | Thu, Sep 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,24,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 1,53,600 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 28,70,400 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 28,70,400 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 83,67,800 shares |
| Share Holding Post Issue | 1,13,91,883 shares |
| NSE Symbol | MYMUDRA |
| ISIN | INE0RVQ01016 |
My Mudra IPO comprises a total issue size of 30,24,000 shares. The net offer to the public is 28,70,400 shares, after excluding 1,53,600 shares allotted on a firm basis. Of the Net offer 14,34,000 (49.96%) are allocated to QIB, 4,30,800 (15.01%) allocated to NII 10,05,600 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,34,000 | 49.96% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 10,05,600 | 35.03% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,53,600 | 5.08% | |
| Total Shares Offered | 30,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
My Mudra IPO raises ₹9.45 crore from anchor investors. My Mudra IPO Anchor bid date is September 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 4, 2024 |
| Shares Offered | 8,59,200 |
| Anchor Portion (₹ Cr.) | 9.45 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 9, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 30.28 | 14.85 | 9.40 |
| Total Income | 71.14 | 53.56 | 28.46 |
| Profit After Tax | 8.36 | 3.47 | 0.47 |
| NET Worth | 16.80 | 8.44 | 4.38 |
| Reserves and Surplus | 16.79 | 8.43 | 4.37 |
| Total Borrowing | 9.64 | 3.71 | 3.41 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of a portion of certain borrowing availed by the Company | 6.25 |
| 2 | Investment in technology development and digital infrastructure | 6.00 |
| 3 | To meet Working Capital requirements | 7.00 |
| 4 | General Corporate Purpose | 8.12 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 66.20% |
| ROCE | 45.98% |
| RoNW | 49.74% |
| PAT Margin | 11.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.98 | 7.33 |
| P/E (x) | 11.02 | 15 |
| Promoter Holding | 78.74% | 57.84% |
| Market Cap | ₹125.31 Cr. |
The My Mudra Fincorp IPO is subscribed 102.48 times on September 9, 2024 6:19:06 PM (Day 3). The public issue subscribed 108.77 times in the retail category, 48.83 times in the QIB category, and 159.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.83 | 5,74,800 | 2,80,68,000 |
| NII* | 159.37 | 4,30,800 | 6,86,55,600 |
| Retail | 108.77 | 10,05,600 | 10,93,76,400 |
| Total | 102.48 | 20,11,200 | 20,61,00,000 |
Total Application : 91,147
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.10 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.02 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, peer review auditors, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 4.78 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹130.05 |
| Last Trade | ₹123.50 |
Lead Manager Reports
My Mudra IPO is a SME IPO of 30,24,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 5, 2024, and closes on Mon, Sep 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 Thu, Sep 5, 2024 and closes on Mon, Sep 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 Wed, Sep 11, 2024. Check the My Mudra IPO allotment status.
The My Mudra IPO listing date is on Thu, Sep 12, 2024.
