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SME IPO Status: Listed [5th Sep 2024 to 9th Sep 2024]
My Mudra Fincorp IPO, a SME IPO of ₹33.26 Cr was launced on 05-09-2024 to 09-09-2024 and the shares got listed on NSE SME on 12-09-2024.
The public issue of My Mudra Fincorp IPO (MYMUDRA) was offered at ₹110.00 per share and the ipo was listed at ₹130.00. It has delivered listing gain of 18.18%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 24000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 5th Sep 2024 |
| SME IPO Issue Closing Date: | 9th Sep 2024 |
| SME IPO Issue Price: | ₹104.00-110.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹33.26 Cr |
| Fresh Issue: | ₹33.26 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 78.74% |
| Promoter Holding Post IPO: | 57.84% |
| Allotment Status: | Allotment Status |
| NSE Code: | MYMUDRA |
Get important updates regarding My Mudra Fincorp SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Sep 2024 |
| Refunds Initiation* | 11th Sep 2024 |
| Credit of Shares to Demat* | 11th Sep 2024 |
| SME IPO Listing Date* | 12th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹104.00-110.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹132000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹264000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-09-2024 | 110.00 | 36 | 32800 | ₹146 (32.73%) | 12-Sep-2024 10:24 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
My Mudra Fincrop Limited was founded in September 2013. The company acts as a distributor (DSA) for major banks and NBFCs operating in India. Its business model includes phone calls, advertising, direct marketing, referrals, networking and a combined physical and digital (physical) marketing approach to attract customers for the banks and NBFCs. The company specializes in the distribution and sale of a wide range of financial products and offers secured loans such as home and real estate loans, unsecured loans such as business and personal loans, loans for freelancers and credit cards to the referred customers.
The company acts as a distributor (DSA) for major banks and NBFCs operating in India. Their business model includes phone calls, advertising, direct marketing, referrals, networking and a combined physical and digital (physical) marketing approach to acquire customers for the banks and NBFCs. As distributors, they specialize in the distribution and sale of a wide range of financial products and offer secured loans such as home and property loans, unsecured loans such as business and personal loans, loans for freelancers and credit cards to the referred customers.
The company also operates through its franchisees and sub-DSAs. The franchise model uses a unique code provided by banks and NBFCs that allows franchisees to process loan applications and earn commissions based on the volume of business, with payments made after the loan is disbursed. Franchisees can operate nationwide without geographic restrictions and benefit from higher commissions compared to direct business due to the volume-based payout structure. The company provides comprehensive support and training to ensure smooth operations. This model ensures better returns and faster payouts for franchisees while expanding the company’s national reach.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Other Financial Services | ₹33.26 Cr | https://www.mymudra.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 574,800 (28.58%) | 430,800 (21.42%) | 1,005,600 (50%) | 2,011,200 | |
| 1 | 5th Sep 2024 19:32 | 7.00x | 3.60x | 6.04x | 5.79x |
| 2 | 6th Sep 2024 19:32 | 8.58x | 11.30x | 17.55x | 13.65x |
| 3 | 9th Sep 2024 18:21 | 48.83x | 159.37x | 108.77x | 102.48x |
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 | |||||||||||||||||||||||||||
| Revenue | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| My Mudra Fincorp Limited | 10.09 | 10.09 | 49.74 | |||
| Akiko Global Services Limited | 4.21 | 4.21 | 16.15 | 78.36 |
Last Updated on 16-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase My Mudra Fincorp SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply My Mudra Fincorp SME IPO with Zerodha.
Alternate approch to apply in My Mudra Fincorp SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
My Mudra Fincorp SME IPO Review and Important Updates
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To subscribe or apply in My Mudra Fincorp SME IPO, you can use the following methods:
| My Mudra Fincorp SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in My Mudra Fincorp SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in My Mudra Fincorp SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in My Mudra Fincorp SME IPO. Most of the Syndicate Banks provide access to apply in My Mudra Fincorp IPO via ASBA process. You must have your net banking access, DP ID information to apply in My Mudra Fincorp SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in My Mudra Fincorp SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
My Mudra Fincorp SME IPO Review and Important Updates
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My Mudra Fincorp SME IPO is going to be list on 12-09-2024. NSE Code for My Mudra Fincorp is MYMUDRA.
Other relevant questions:
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My Mudra Fincorp SME IPO Allotment Date is 10-09-2024.
Other relevant questions:
My Mudra Fincorp SME IPO share allotment date?My Mudra Fincorp SME IPO allotment date?
