My Mudra Fincorp IPO Date : My Mudra Fincorp IPO Date is Open on 5 September 2024 and Close on 9 September 2024. My Mudra Fincorp IPO to Raise 3,024,000 shares (Approx ₹33.26 Cr) via IPO. The Fresh issue of 3,024,000 shares (Approx ₹33.26 Cr).
Our Company incorporation September 11, 2013 our company functions as a Channel Partner (DSA) for major Banks and NBFCs operating in India.
Our business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) marketing approach to acquire customers for the banks and NBFC’s. Specializing in the distribution and sales of a diverse range of financial products as channel partner, we offer secured loans such as home loans and loans against property, unsecured loans like business loans and personal loans, professional loan as well as credit cards to the procured customers.
- PERSONAL LOANS
- BUSINESS LOANS
- PROFESSIONAL LOANS
- SECURED LOAN
- PROFESSIONAL LOANS
- SECURED LOAN
- CREDIT CARD
- INSURANCE
My Mudra Fincorp IPO Date & Price Band Details
| IPO Open Date | 5 Sep 2024 |
|---|---|
| IPO Close Date | 9 Sep 2024 |
| IPO Size | 3,024,000 shares (Approx ₹33.26 Cr) |
| Fresh Issue | 3,024,000 shares (Approx ₹33.26 Cr) |
| Lot Size | 1200 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹104 to ₹110 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
My Mudra Fincorp IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹132,000 |
| Retail Maximum | 1 | 1200 | ₹132,000 |
| S-HNI Minimum | 2 | 2400 | ₹264,000 |
Object of the Issue
1. Repayment of a portion of certain borrowing availed by our Company.
2. Investment in technology development and digital infrastructure.
3. To meet Working Capital requirements.
4. General Corporate Purpose.
My Mudra Fincorp IPO Allotment & Listings (Details)
| IPO Open Date | 5 Sep 2024 |
|---|---|
| IPO Close Date | 9 Sep 2024 |
| Basis of Allotment | 10 Sep 2024 |
| Refunds | 11 Sep 2024 |
| Credit to Demat Account | 11 Sep 2024 |
| IPO Listing Date | 12 Sep 2024 |
My Mudra Fincorp Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹71.14 | ₹59.95 | ₹8.36 |
| 2023 | ₹53.56 | ₹48.70 | ₹3.47 |
| 2022 | ₹28.46 | ₹27.76 | ₹0.47 |
Our Company Promoters
- Vaibhav Kulshrestha
- Nisha Kulshrestha
Qualitative Factors
- Strong portfolio and diverse range of Loan products across consumer preferences.
- Diversified revenue from multiple locations and geographies of India.
- Capital efficient model with low operating costs.
- Strategic Partnerships with Banks and NBFCs.
- Experienced Leadership and Management.
Comparison of Accounting Ratios with Listed Peer Group Companies
Company Name
Face Value
EPS
P/E Ratio
Ro NW (%)
Book Value
Revenue (₹ in Lakhs)
My Mudra Fincorp Limited
10.00
10.09
[.]
49.74
20.29
7107.24
Peer Group
Akiko Global Services Limited
10.00
4.21
16.15
78.36
16.10
3958.11
Also Read: Namo Ewaste Management IPO
My Mudra Fincorp Company Contact Details
17A/45, 2nd Floor, w.e.a. Karol Bagh,
Central Delhi, New Delhi – 110005,
Delhi, India.
Tel. No.: 011-47010500
E-mail: info@mymudra.com
Website: www.mymudra.com
My Mudra Fincorp Lead Manager
904, A Wing, Naman Midtown, Senapati Bapat
Marg, Elphinstone Road, Lower Parel, Mumbai-400013,
Maharashtra, India
Tel No.:+91-22-4906 0000
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website:www.hemsecurities.com
Contact Person: Ravi Kumar Gupta
My Mudra Fincorp IPO Registrar
Skyline Financial Services Pvt Ltd
D-153/A, First Floor, Okhla Industrial Area,
Phase I, New Delhi, Delhi, 110020, India
Tel No.: 011- 40450193-97
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Contact Person: Mr. Anuj Rana
About My Mudra Fincorp-
we have expanded our services to include the distribution of insurance products. Through our dedication to offering exceptional financial solutions and consultancy services, we have distinguished ourselves in the highly competitive and ever-evolving Indian financial services sector.
We provide our customers with the ability to research and compare a wide range of lending and insurance products offered by our lending and insurer partners, enhancing choice and transparency.
Once customers share their requirements, we present multiple options, detailing related costs and features in a clear and simple manner, enabling informed decisions for applications to the appropriate financial institutions, such as banks or NBFCs. Upon credit approval, the loan is conveniently sanctioned.
Our company ensures faster service and disbursement of loans at the most competitive interest rates and terms acceptable to the customers.
We generate revenues from the commissions we receive through our various business segments. For our loan-related business, we earn commissions from our lending partners.
In our credit card-related business, we receive commissions and fees from the credit card providers. Additionally, we have recently started an insurance business, from which we will receive revenue through commissions from our insurer partners.
Our Company serves a diverse clientele, including individuals, corporates, and professionals like Chartered Accountants (CAs) and Company Secretaries (CSs). As a trusted Direct Selling Agent (DSA), For individuals.
we provide seamless access to funds for various purposes, from fulfilling personal aspirations to managing unexpected expenses. Our corporate clients benefit from tailored financing solutions designed to fuel growth and expansion, including Business loan, working
capital financing and project funding.
The Company provides specialized loans such as unsecured loan for professionals like Chartered Accountants (CAs), Company Secretaries (CSs), and architects. Loan amounts are based on their degrees and years of practice, with longer practice periods qualifying for higher amounts and minimal financial documentation.
With a commitment to excellence and customer satisfaction, Our Company empowers individuals, corporates, Business and professionals to achieve their financial goals with confidence and convenience.
1. PERSONAL LOANS
The term “Personal Loan” has become highly beneficial for individuals seeking quick and straightforward access to funds,
offering exceptional flexibility and convenience without the need for collateral.
Various types of personal loans cater to specific needs, including marriage loans, holiday loans, personal overdrafts, advance salary loans, medical loans, and instant loans. All these loans are available for online application, where our executives assist customers in uploading required documents. The status of loan approvals can be conveniently tracked online via our portal, allowing customers to compare interest ratesand terms from different banks and NBFCs to select their preferred option.
In addition to our comprehensive online services, customers have the option to apply through offline modes. They can visit our branch or office in person, or choose to engage with our franchise or Sub-DSAs (Direct Selling Agents) who utilize our DSA code.
These agents provide personalized assistance, ensuring a seamless application and approval process. This dual approach enables us to cater effectively to a diverse range of customer preferences, combining the convenience of online applications with the personalized support of in-person interactions through our branches or Sub-DSAs.
2. BUSINESS LOANS
Business loans are essential for both established businesses and new start-ups to ensure smooth operations and support future expansion plans. As a Direct Selling Agent (DSA) for major Banks and NBFCs, we facilitate the distribution and sale of various business loans, tailored to meet diverse business needs. Our loan offerings include unsecured business loan such as working capital loan, business overdraft and MSME term loan.
These loans can be applied for with ease by comparing different options available, ensuring minimal documentation. The entire process, from application to loan disbursement, is designed to be seamless and can be completed online.
My Mudra ensures that businesses have access to the financial support they need through efficient and convenient loan processing, leveraging both digital and physical touchpoints for maximum customer convenience.
3. PROFESSIONAL LOANS
As a Direct Selling Agent (DSA) of major Banks and NBFCs, we offer specialized loan products and dedicated support to professionals such as Chartered Accountants (CAs), Company Secretaries (CSs), Doctors, Architects and other professionals, facilitating their professional and personal endeavors.
Loan amounts are based on their degrees and years of practice, with longer practice periods qualifying for higher amounts and minimal financial documentation.
Leveraging our expertise and extensive network, we ensure that the best possible loan options are provided to the professionals.
4. SECURED LOAN
As a DSA company, we specialize in offering secured loans through partnerships with major Banks and NBFCs, providing a diverse range of financial solutions to meet our clients’ needs.
Our offerings include Loan against Property, Home Loan and used car loan and refinance. These loans are secured against the respective assets, allowing borrowers to access funds from multiple Banks and NBFCs.
Clients have the flexibility to choose the most advantageous option based on considerations such as interest rates, repayment
tenure, and other terms. With our extensive industry knowledge and support, we ensure that clients receive tailored financial
solutions efficiently and with minimal complexity.
5. CREDIT CARD
We offer a wide range of credit card options in partnership with leading Banks and NBFCs to cater to diverse financial needs and lifestyles.
Our credit cards come with a variety of benefits, including reward points, cashback offers, travel perks, and exclusive discounts.
We guide our customers through the selection process, helping them choose the best credit card based on their individual requirements.
Our dedicated team ensures a seamless application experience, from initial inquiry to card issuance, providing comprehensive support and enhancing customer satisfaction and financial convenience.
6. INSURANCE
Our company has recently expanded our portfolio to include the sale and distribution of insurance products.
Our goal is to provide comprehensive financial solutions to our customers, ensuring their financial security and peace of mind. Through our partnerships with leading insurance providers, we offer a wide range of insurance products, including health insurance,
life insurance, Term insurance, and more.
Our dedicated team is committed to guiding customers through the process of selecting the most suitable insurance plans based on their individual needs and preferences.
Moreover, our collaboration with lending partners facilitates cross-selling opportunities, enabling customers to access a range of financial products that complement their loans, such as insurance policies.
This integrated approach not only provides added value to our customers but also strengthens our relationships with lending partners, ultimately driving mutual growth.
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