This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Repayment of a portion of certain borrowing availed by the company.
Investment in technology development and digital infrastructure.
Strengths & Weaknesses of My Mudra Fincorp Limited
Partnerships with Banks and NBFCs
The company has established strong partnerships with major banks and NBFCs, allowing it to offer customers competitive financial solutions with attractive terms and rates
No Credit Risk
Since the company aggregates and distributes insurance and personal credit products from insurers and lenders without creating its own, it does not bear underwriting or credit risks
Dependent on Few Customers
The company is dependent on few customers. Its top ten customers contribute approximately 63.6% of its revenue for FY24. The loss of business from any of these customers could adversely affect its revenue and profitability
Faced Penal Actions
The company has faced penalties from banks and NBFCs in the past. The company faces the risk of encountering similar penalties in the future, which could negatively impact its financial condition, operations, and profitability
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About My Mudra Fincorp Limited
My Mudra Fincorp was incorporated on September 11, 2013. The company operates as a Channel Partner (DSA) for major banks and NBFCs in India, distributing financial products such as home loans, personal loans, business loans, credit cards to its customers. The company has recently expanded its services to include the distribution of insurance products.
Promoter
Vaibhav Kulshrestha
Promoter
Nisha Kulshrestha
My Mudra Fincorp Limited IPO FAQs
What is My Mudra Fincorp Limited IPO?
My Mudra Fincorp Limited IPO refers to the initial public offering of shares by My Mudra Fincorp Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of My Mudra Fincorp Limited IPO?
For My Mudra Fincorp Limited IPO the issue size is ₹33 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the My Mudra Fincorp Limited IPO?
For My Mudra Fincorp Limited IPO the minimum investment is ₹1,24,800. The minimum investment for My Mudra Fincorp Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of My Mudra Fincorp Limited IPO?
For My Mudra Fincorp Limited IPO the lot size is 1200 shares. The lot size of My Mudra Fincorp Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for My Mudra Fincorp Limited IPO on Share.Market?
To apply for My Mudra Fincorp Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the My Mudra Fincorp Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for My Mudra Fincorp Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for My Mudra Fincorp Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of My Mudra Fincorp Limited IPO?
For My Mudra Fincorp Limited IPO the allotment date is September 10, 2024. The allotment date of My Mudra Fincorp Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of My Mudra Fincorp Limited IPO?
For My Mudra Fincorp Limited IPO, the subscription opens on September 5, 2024 and closes on September 9, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
