My Mudra Fincorp IPO: Important Details of IPO

• My Mudra Fincorp IPO is a book-built issue worth up to Rs 33.26 crores.
• Bidding opens on September 5 and closes on September 9, 2024.
• My Mudra Fincorp SME IPO price band is set at Rs 104 – Rs 110 per share.
• The minimum amount required for retail investors is Rs 1,32,000.

My Mudra Fincorp IPO: Synopsis

My Mudra Fincorp IPO is open for subscription from Thursday, September 5, 2024, and closes on Monday, September 9, 2024. The price band for this IPO is set at Rs 104 – Rs 110 per share.

My Mudra Fincorp IPO is offering entirely a fresh issue of 30.24 lakh of equity shares worth up to Rs 33.26 crore equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, September 10, 2024. The listing of this IPO will be done on Thursday, September 12, 2024, at the NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 132,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 2400 shares amounting to Rs 264,000.

The IPO is managed by Hem Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.

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My Mudra Fincorp Limited: About the Company

My Mudra Fincorp Limited is a professionally managed DSA for leading banks and NBFCs since 2013 in India. The company undertakes pan-India distribution and selling of a wide range of financial products. The company deals in secured loans such as loans against properties and homes, unsecured loans comprise of business and personal loans, professional loans, and credit cards. Alongside, the sale of insurance products has emerged as another business portfolio for My Mudra Fincorp.

Its clientele consists of private individuals, businesses, and professionals such as chartered accountants and company secretaries. As of May 31 2024, the total strength of My Mudra Fincorp is 143 employees, with a full-fledged IT and CRM development team comprising 10 members.

My Mudra Fincorp IPO: Objectives

The company intends to utilise the funding received from the fresh issue for various purposes, including repayment of a portion of certain borrowings availed by the company, investment in technology development and digital infrastructure, meeting working capital requirements, and for general corporate purposes.

My Mudra Fincorp IPO: Other Important Details

Time Table of My Mudra Fincorp IPO

My Mudra Fincorp IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of My Mudra Fincorp Limited and Their Holdings

The company's promoters are Vaibhav Kulshrestha And Nisha Kulshrestha. They collectively held 78.74% of the company's shares. However, post-IPO, their shareholding will be 57.84%.

FAQs

1. What are the core details available for the My Mudra Fincorp IPO?

My Mudra Fincorp IPO is a Book-built public issue of 30.24 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 30.24 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, September 10, 2024.

2. How can I apply for the My Mudra Fincorp IPO?

The public subscription of this new IPO opens on September 5 and closes on September 9, 2024. Click here to initiate the application process.

3. Who is the lead manager(s) for the My Mudra Fincorp IPO?

Hem Securities Limited was appointed as the book-running lead manager for the IPO.

4. Who is appointed as the registrar for this IPO?

Skyline Financial Services Private Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO will be utilised?

The company intends to utilise the funding received from the fresh issue for various purposes, including repayment of a portion of certain borrowings availed by the company, investment in technology development and digital infrastructure, meeting working capital requirements, and addressing general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the My Mudra Fincorp IPO by visiting here, for further updates, follow Bigul.

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