My Mudra Fincrop IPO
#1. Quick Intro to My Mudra Fincrop IPO
The initial public offering (IPO) of My Mudra Fincrop will open for subscription on September 05 and close on September 09, comprising issues of Rs.33.26 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on September 12, 2024.
My Mudra Fincrop Limited (2013) operates as a Channel Partner (DSA) for major Banks and NBFCs in India. The company integrate tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) approach to acquire customers. We specialize in distributing secured loans (home loans, loans against property), unsecured loans (business loans, personal loans, professional loans), and credit cards. Recently, The company expanded to include insurance products. The company platform allows customers to research and compare a wide range of financial products, enhancing choice and transparency.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of My Mudra Fincrop
The company intends to use the IPO Funds for the following purposes:
- Repayment of a portion of certain borrowing availed by the company
- Investment in tech & Development
- Funding the working capital requirement of the company.
- General corporate purposes and issue expenses.
#3. My Mudra Fincrop Core Strengths
- Strong portfolio and diverse range of products
- Capital efficient model with low operating cost
- Strategic partnership with Banks and NBFCs
- Experienced promoter director with extensive knowledge.
#4. My Mudra Fincrop IPO Review & Rating
| Issue Size | Rs.33.26 crore |
| Issue Price | Rs.104-115 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (Latest) | Rs.2618.29 Lakhs |
| ROE (%) | 66.20 |
| RONW (%) | 45.98 |
| Listing on | NSE (SME) |
| IPO Deliver Rating | Two |
#5. My Mudra Fincrop IPO Dates, Price Band & Details
My Mudra Fincrop IPO will open on September 05, 2024, and close on September 09, 2024. The IPO is to be listed on September 12, 2024.
| Type of issue | Book Built issue IPO |
| Issue Size | Rs.33.26 crore |
| Price Brand | Rs.104-115 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | September 05, 2024 |
| IPO Close Date | September 09, 2024 |
| IPO Allotment Date | September 09, 2024 |
| Refund Date | September 11, 2024 |
| Share Credit Date | September 11, 2024 |
| Listing Date | September 12, 2024 |
#6. My Mudra Fincrop IPO Offer Details
My Mudra Fincrop IPO’s total issue size is 30,24,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 30,24,000 | Rs.33.26 |
| Offer for Sale (OFS) | – | – |
Click here for the previous SME IPO
#7. My Mudra Fincrop Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 7114.36 | 5355.80 | 2846.18 |
| Net Worth | 1679.79 | 844.27 | 437.88 |
| Profit | 835.52 | 346.75 | 46.86 |
| Total Borrowings | 964.41 | 371.10 | 341.20 |
#8. My Mudra Fincrop Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 10.09 | 4.19 | 0.63 |
| RoNW (%) | 49.74 | 41.07 | 10.70 |
| NAV (Rs.) | 20.29 | 10.20 | 5.85 |
#9. My Mudra Fincrop Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | EPS |
| Akiko Global Serv. | 3958.11 | 78.36 | 4.21 |
#10. My Mudra Fincrop Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Vaibhav Kulshrestha |
| 02. | Nisha Kulshrestha |
#11. My Mudra Fincrop Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 78.74 |
| Post-issue | 57.84 |
#12. My Mudra Fincrop IPO Reservation Details
My Mudra Fincrop IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13. My Mudra Fincrop IPO – Lot Size
An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1200 | 1,32,000 |
| Retail (Max.) | 1 | 1200 | 1,32,000 |
| HNI (Min.) | 2 | 2400 | 2,64,000 |
#14. My Mudra Fincrop IPO – Prospectus Copy
An investor can download/view the My Mudra Fincrop prospectus copy, which the company filed to exchange, details are as follows.
| My Mudra Fincrop IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. My Mudra Fincrop IPO Registrar
Skyline Financial Services Private Limited
Website: www.skylinerta.com
#16. My Mudra Fincrop IPO Lead Managers
HEM Securities Limited
Website: www.hemsecurities.com
#17. My Mudra Fincrop IPO Application (How to Apply for an IPO)
There are three primary options for applying for a My Mudra Fincrop IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “My Mudra Fincrop Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “My Mudra Fincrop Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. My Mudra Fincrop Company Details
My Mudra Fincrop Limited
Registered Office: 17A/45, 2nd Floor, w.e.a. Karol Bagh, Central Delhi, New Delhi, Delhi- 110005, India
Email: info@mymudra.com
Website: www.mymudra.com
#19. My Mudra Fincrop Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. My Mudra Fincrop Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Vaibhav Kulshrestha |
| 02. | Nisha Kulshrestha |
My Mudra Fincrop IPO – Frequently Asked Questions (FAQs)
| #1. What is a My Mudra Fincrop IPO?
My Mudra Fincrop brings its IPO of Rs.33.26 crore, on September 05, 2024, with a price band of Rs.104-110 per share. |
| #2. What is the My Mudra Fincrop IPO Open date?
My Mudra Fincrop IPO’s opening date is September 05, 2024. |
| #3. What is the My Mudra Fincrop IPO Close Date?
My Mudra Fincrop IPO’s closing date is September 09, 2024. |
| #4. What is the My Mudra Fincrop IPO Listing date?
My Mudra Fincrop IPO listing date is September 12, 2024. |
| #5. What is the My Mudra Fincrop IPO Minimum investment amount?
My Mudra Fincrop IPO’s minimum investment amount is Rs.1,32,000. |
| #6. What is the My Mudra Fincrop IPO offer issue Size?
My Mudra Fincrop offers an issue size of Rs.33.26 crore. |
| #7. What is the My Mudra Fincrop IPO Price Band?
My Mudra Fincrop’s IPO price band is Rs.104-110 per share. |
| #8. Is My Mudra Fincrop IPO mainboard IPO or SME IPO?
My Mudra Fincrop IPO is an SME IPO. |
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