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My Mudra Fincorp Limited IPO: issue size, dates, and lots

Stocks IPO
3 min Read Sep 2, 2024
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The My Mudra Fincorp Limited IPO has garnered considerable attention in the market. My Mudra Fincorp Limited IPO subscription status is that it will open for subscription from September 5, 2024, to September 9, 2024. This IPO presents an intriguing opportunity for investors. With a total issue size of ₹33.26 crores, it’s entirely a fresh issue of 30.24 lakh shares. 

With a focus on providing affordable financial solutions, My Mudra Fincorp Limited's SME IPO aims to make a significant impact in the market. If you are looking to invest in an IPO, let’s explore the My Mudra Fincorp Limited IPO in detail, including its GMP, subscription status, and financial performance.

About My Mudra Fincorp Limited

Incorporated in 2013, My Mudra Fincorp Limited operates as a Channel Partner (DSA) for major banks and NBFCs across India. The company primarily focuses on distributing and selling various financial products, including secured loans (home and property loans), unsecured loans (business and personal loans), professional loans, and credit cards. 

My Mudra Fincorp IPO timeline 

My Mudra Fincorp IPO opens on September 5, 2024, and closes on September 9, 2024.

My Mudra Fincorp Limited IPO date of openingThursday, September 5, 2024
My Mudra Fincorp Limited IPO date of closingMonday, September 9, 2024
Basis of allotmentTuesday, September 10, 2024
Initiation of refundsWednesday, September 11, 2024
The credit of shares to DematWednesday, September 11, 2024
Listing dateThursday, September 12, 2024
Cut-off time for UPI mandate confirmation5 PM on September 9, 2024

My Mudra Fincorp Limited details: Financials

The financial performance of My Mudra Fincorp has been impressive, with notable growth in assets, revenue, and profit after tax (PAT). Below are the financial highlights:

Metric31 Mar 202431 Mar 202331 Mar 2022
Assets₹3,027.82 Lakhs₹1,485.01 Lakhs₹939.6 Lakhs
Revenue₹7,114.36 Lakhs₹5,355.8 Lakhs₹2,846.18 Lakhs
Profit after tax₹835.52 Lakhs₹346.75 Lakhs₹46.86 Lakhs
Net worth₹1,679.79 Lakhs₹844.27 Lakhs₹437.88 Lakhs
Reserves and surplus₹1,678.61 Lakhs₹843.08 Lakhs₹436.81 Lakhs
Total borrowing₹964.41 Lakhs₹371.1 Lakhs₹341.2 Lakhs

The company has shown strong growth, with a 33% increase in revenue and a 141% rise in PAT between FY 2023 and FY 2024. The most recent My Mudra Fincorp Limited IPO GMP is ₹0, as of September 2nd, 2024, at 02:25 PM. With a price band of ₹110.00, the estimated listing price for My Mudra Fincorp SME IPO is ₹110 (cap price + today's GMP). The anticipated gain or loss per share is 0.00%.

My Mudra Fincorp IPO lot size

Investors are required to bid for a minimum of 1,200 shares, with additional bids to be made in multiples of this amount. The following table outlines the minimum and maximum investment amounts for retail investors and high net-worth individuals (HNIs) based on the number of shares:

ApplicationLotsSharesAmount
Retail (min)11,200₹132,000
Retail (max)11,200₹132,000
HNI (min)22,400₹264,000

My Mudra Fincorp Limited IPO: Strengths

Here are a few strengths of My Mudra Fincorp Limited IPO:

  • Strong financial growth: My Mudra Fincorp has demonstrated consistent growth in its revenue, assets, and profit margins, which positions it well in the financial services sector.

  • Diverse product portfolio: The company offers a wide range of financial products, catering to various customer segments, which helps in mitigating risks and increasing revenue streams.

  • Experienced management team: Led by experienced professionals, the management team’s expertise in the financial domain adds significant value to the company’s operations.

My Mudra Fincorp Limited IPO: Challenges

The upcoming ipos to invest in are not without their challenges. Here are a few:

  • Competitive market: The financial services market in India is highly competitive, with numerous established players. My Mudra Fincorp will need to innovate and expand to maintain its market share continually.

  • Regulatory risks: Being in the financial sector, the company is subject to stringent regulatory compliances, which could impact its operations.

  • Dependence on external borrowings: A significant portion of the company’s operations is funded through external borrowings, which could affect profitability in the long term.

Should you invest in the My Mudra Fincorp Limited IPO?

Investing in the My Mudra Fincorp Limited IPO could be an attractive proposition, given the company’s robust financial growth, diverse product offerings, and experienced management. However, potential investors should consider the competitive landscape and regulatory risks before making a decision. 

The IPO’s pricing at ₹104 to ₹110 per share seems reasonable, especially given the company’s growth trajectory. It could be a valuable addition to your portfolio if you are looking for exposure in the SME sector.

Invest responsibly 

The My Mudra Fincorp Limited IPO offers an interesting opportunity for investors, particularly those looking to diversify into the SME space. With strong financials and a broad product portfolio, the company is well-positioned for future growth. However, as with any investment, it’s crucial to assess the risks and rewards carefully. If you’re looking at upcoming IPOs to invest in, My Mudra Fincorp is certainly one to consider.

Frequently Asked Questions

  1. What is the My Mudra Fincorp Limited IPO date?
    The IPO will open on September 5, 2024, and close on September 9, 2024.

  2. What is the price band for the My Mudra Fincorp Limited IPO?
    The price band for My Mudra Fincorp Limited IPO is set at ₹104 to ₹110 per share.

  3. What are the financial strengths of My Mudra Fincorp Limited?
    The company has shown a significant increase in revenue and profit margins, with a strong asset base.