My Mudra Fincorp Limited (NSE SME)
Sep 5, 2024 - Sep 9, 2024
| Price | ₹104 - ₹110 |
| Premium | ₹36 |
|---|---|
| Lot size | 1200 |
| Allotment | Sep 10, 2024 |
| Listing | Sep 12, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 132000 | 838 |
| HNI | 2 | 2400 | 264000 | 359 |
Last updated on 09-Sep-2024 17:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 574800 | 28068000 | 48.83 |
| NIB | 430800 | 68809200 | 159.72 |
| RETAIL | 1005600 | 109376400 | 108.77 |
| Total | 2011200 | 206253600 | 102.55 |
| Retail Apps | 91147 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹23.59 | @8% ₹26.96 | @9% ₹30.32 | @10% ₹33.69 | @11% ₹37.06 | @12% ₹40.43 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.25% | 1005600 |
| NII (HNI) | 14.25% | 430800 |
| Anchor | 28.41% | 859200 |
| QIB | 19.01% | 574800 |
| Market Maker | 5.08% | 153600 |
| Total | 100.00% | 3024000 |
My Mudra Fincorp IPO Details
| Issue Size | 3,024,000 shares (aggregating up to ₹33.26 Cr) |
| Fresh Issue | 3,024,000 shares (aggregating up to ₹33.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,367,800 |
| Share holding post issue | 11,391,883 |
| Market Maker portion | 153,600 shares Hem Finlease |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 66.20% | 54.09% | 11.32% |
| ROCE | 45.98% | 44.12% | 13.86% |
| RONW | 49.74% | 41.07% | 10.70% |
| EPS (Diluted) | 10.09 | 4.19 | 0.63 |
| P/E Pre IPO | 11.02 | ||
| P/E Post IPO | 15.00 |
Company Financials
My Mudra Fincorp Limited Financial Information (Restated)
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 | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 3,027.82 | 1,485.01 | 939.6 | |||||||||||||||||||||||||||
| Revenue | 7,114.36 | 5,355.8 | 2,846.18 | |||||||||||||||||||||||||||
| Profit | 835.52 | 346.75 | 46.86 | |||||||||||||||||||||||||||
| Net Worth | 1,679.79 | 844.27 | 437.88 | |||||||||||||||||||||||||||
| Reserves | 1,678.61 | 843.08 | 436.81 | |||||||||||||||||||||||||||
| Borrowing | 964.41 | 371.1 | 341.2 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
My Mudra Fincorp Limited, established in 2013, serves as a Channel Partner (DSA) for major banks and NBFCs across India. The company is dedicated to the distribution and sale of a diverse range of financial products, including secured loans such as home and property loans, unsecured loans like business and personal loans, professional loans, and credit cards. In addition to these services, My Mudra Fincorp has expanded its portfolio to include the sale of insurance products. The company caters to a broad clientele, including private individuals, businesses, and professionals like chartered accountants (CAs) and company secretaries (CSs). As of May 31, 2024, the company employed 143 individuals, with 10 staff members focused on IT and CRM development, supporting its robust financial services operations.
Hem Securities Limited
Strong Portfolio: My Mudra Fincorp boasts a diverse range of loan products tailored to various consumer preferences, including secured, unsecured, and professional loans, as well as credit cards and insurance products.
Geographical Diversification: The Company generates revenue from multiple locations across India, reducing dependence on any single market and enhancing its national presence.
Capital Efficiency: Operating with a capital-efficient model, My Mudra Fincorp maintains low operating costs, enabling sustainable growth and profitability.
Dependence on Bank and NBFC Relationships: My Mudra Fincorp's business heavily relies on its relationships with major banks and NBFCs. The termination of these partnerships could significantly impact the company’s operations and financial performance.
Regulatory Risks: The Company’s revenue is largely dependent on its banking partners and financial institutions, which are subject to RBI regulations. Any changes in RBI policies or the regulatory environment could negatively affect the company’s business and cash flows.
Technology Dependence: The business's success is tied to the smooth functioning of its online platform and IT infrastructure. Any disruptions or failures in these systems could impair service delivery and damage the company’s reputation and operations.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php