IPO Deliver

IPO Deliver

My Mudra Fincrop LOGO

My Mudra Fincrop IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

by

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: 

  1. Repayment of a portion of certain borrowing availed by the company 
  2. Investment in tech & Development
  3. Funding the working capital requirement of the company.
  4. General corporate purposes and issue expenses. 

#3. My Mudra Fincrop Core Strengths 

  1. Strong portfolio and diverse range of products
  2. Capital efficient model with low operating cost
  3. Strategic partnership with Banks and NBFCs
  4. 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.

 

113 thoughts on “My Mudra Fincrop IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024”

  2. Pingback: Vision Infra Equipment Solutions IPO Dates, Price Band, Rating, Analysis, And Allotment Details 2024 » IPO Deliver

  3. An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

    Reply

  5. Hiya, I’m really glad I’ve found this information. Nowadays bloggers publish just about gossips and net and this is actually frustrating. A good web site with exciting content, that is what I need. Thank you for keeping this website, I will be visiting it. Do you do newsletters? Can not find it.

    Reply

  6. Keep up the fantastic work! Kalorifer Sobası odun, kömür, pelet gibi yakıtlarla çalışan ve ısıtma işlevi gören bir soba türüdür. Kalorifer Sobası içindeki yakıtın yanmasıyla oluşan ısıyı doğrudan çevresine yayar ve aynı zamanda suyun ısınmasını sağlar.

    Reply

  9. I do not even understand how I finished up here, however I believed this submit was once great. I do not understand who you are however definitely you are going to a well-known blogger if you happen to are not already 😉 Cheers!

    Reply

  10. Have you ever thought about adding a little bit more than just your articles? I mean, what you say is valuable and everything. Nevertheless just imagine if you added some great images or video clips to give your posts more, “pop”! Your content is excellent but with pics and video clips, this site could definitely be one of the greatest in its field. Superb blog!

    Reply

  14. Awesome blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog shine. Please let me know where you got your theme. Thank you

    Reply

  15. Hi, I think your website might be having browser compatibility issues. When I look at your blog site in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, superb blog!

    Reply

  17. Hey would you mind stating which blog platform you’re working with? I’m planning to start my own blog soon but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S My apologies for being off-topic but I had to ask!

    Reply

  18. Howdy would you mind stating which blog platform you’re working with? I’m looking to start my own blog in the near future but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S My apologies for being off-topic but I had to ask!

    Reply

  19. Thanks for another excellent article. Where else could anyone get that type of information in such a perfect way of writing? I have a presentation next week, and I’m on the look for such info.

    Reply

  100. Этот информационный материал привлекает внимание множеством интересных деталей и необычных ракурсов. Мы предлагаем уникальные взгляды на привычные вещи и рассматриваем вопросы, которые волнуют общество. Будьте в курсе актуальных тем и расширяйте свои знания!
    Ознакомиться с деталями – https://medalkoblog.ru/

    Reply

Leave a Comment

IPO Deliver is a platform to deliver the detailed information to the investors about the upcoming and current Initial Public Offering (IPO) and related things.

"If you don't find a way to make money while you sleep, you will work until you die."

Warren Buffett

Useful Links

BSE

NSE

Globe Capital Maket Ltd.

Business Registration

Privacy Policy                                  

Terms & Condition                          

About Us                                                

Contact Us                                       

Disclaimer: Stock Market investments are subject to market risks, read all scheme related documents carefully before investing. All the information provided on our website is for education/knowledge purpose only. We do not claim any facts, and figure mentioned here. We advise investors to check with certified experts before making any investment decisions.