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

CategoryOfferedAppliedTimes
QIB5748002806800048.83
NIB43080068809200159.72
RETAIL1005600109376400108.77
Total2011200206253600102.55
Retail Apps91147© 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
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.25%1005600
NII (HNI)14.25%430800
Anchor28.41%859200
QIB19.01%574800
Market Maker5.08%153600
Total 100.00%3024000

My Mudra Fincorp IPO Details

Issue Size3,024,000 shares
(aggregating up to ₹33.26 Cr)
Fresh Issue3,024,000 shares
(aggregating up to ₹33.26 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue8,367,800
Share holding post issue11,391,883
Market Maker portion153,600 shares
Hem Finlease

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE66.20%54.09%11.32%
ROCE45.98%44.12%13.86%
RONW49.74%41.07%10.70%
EPS
(Diluted)
10.094.190.63
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.

PeriodMar 2024Mar 2023Mar 2022
Assets3,027.821,485.01939.6
Revenue7,114.365,355.82,846.18
Profit835.52346.7546.86
Net Worth1,679.79844.27437.88
Reserves1,678.61843.08436.81
Borrowing964.41371.1341.2
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.

Lead Manager(s)

Hem Securities Limited

Strength

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.

Weakness

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.

Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php