My Mudra Fincorp Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,434,000 (47%) | — | ₹1,577 Cr |
| NII (HNI) | — | 430,800 (14%) | — | ₹474 Cr |
| Retail | — | 1,005,600 (33%) | — | ₹1,106 Cr |
| Market Maker | — | 153,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 3,024,000 (100%) | — | ₹33,264 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹132,000 |
| Retail (Max) | 13 | 15,600 | ₹1,716,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,848,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,844,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 7,114 | 5,355 | 2,846 |
| Profit After Tax | 836 | 347 | 47 |
| Net Worth | 1,680 | 844 | 438 |
| Total Assets | 302,782 | 1,485 | 940 |
| Reserves & Surplus | 1,679 | 843 | 437 |
| Total Borrowing | 964 | 371 | 341 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of a portion of certain borrowing availed by the Company –
- Investment in technology development and digital infrastructure –
- To meet Working Capital requirements –
- General Corporate Purpose –
Company Overview
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.