My Mudra Fincorp Ltd

My Mudra Fincorp Ltd IPO

My Mudra Fincorp Ltd IPO Price Range is ₹104 - 110, with a minimum investment of ₹1,32,000 for 1200 shares.

₹1,32,000

/ 1200 shares

Minimum Investment

View My Mudra Fincorp Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹104 - 110

Open Date

2024-09-05

Close Date

2024-09-09

IPO Size

₹33.26 Cr

Lot Size

1200 shares

Min Investment

₹1,32,000

Listing Exchange

NSE

My Mudra Fincorp Ltd IPO Application Timeline

passed
Open Date5 Sep 2024
passed
Close Date9 Sep 2024
passed
Allotment Date10 Sep 2024
passed
Listing Date12 Sep 2024

Strengths and Risks

Strengths

Strengths

  • 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.


Risks

Risks

  • The companys business is depended on its relationship with Banks & NBFCs. The company has entered into agreements with major Banks and NBFCs, any termination of these existing relationship would adversely affect its business, results of operations, financial condition and prospects.

  • A substantial portion of the revenue is generated from its banking partners and financial institutions. The company banking partners and financial institutions are regulated by the Reserve Bank of India (RBI) and any change in the RBIs policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.

  • The proper functioning of its online platform and technology infrastructure is essential to the companys business. Any disruption to its IT systems and infrastructure could materially affect the companys ability to maintain the satisfactory performance of its platform and deliver consistent services to the companys users.

  • Its top ten and top five customers contribute approximately 63.56% and 42.54% respectively of the companys revenues for the financial year ended March 31, 2024. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • Significant disruptions in its information technology systems or breaches of data security could affect the companys business and reputation.

  • The company is bound by specific obligations and restrictive covenants outlined in the business agreements the company has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial condition.

  • The company relies on end consumers using one or more of its services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect its profitability and financial condition.

  • The company does not own the registered office, corporate office including branches from which the company carry out its business activities. If there are issues such as non-renewal of rent agreements, disputes regarding the use of these premises, or disruptions in business operations due to actions by its business associates, the companys business and operational results could be adversely affected.

  • If there are delays in the development or implementation of technology or digital infrastructure and the possible time or cost overruns related to the Proposed implementation or development are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

  • Increase in Consumer Complaints May Damage its Reputation, Cause Operational Disruptions, and Affect Financial Performance.

How to Apply for My Mudra Fincorp Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select My Mudra Fincorp Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About My Mudra Fincorp Ltd

Established in 2013, the company operates as a Channel Partner (DSA) for major Banks and NBFCs in India. The Company integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) approach to acquire customers. It specializes in distributing secured loans (home loans, loans against property), unsecured loans (business loans, personal loans, professional loans), and credit cards. Recently, the company expanded to include insurance products. Its platform allows customers to research and compare a wide range of financial products, enhancing choice and transparency.

Frequently Asked Questions of My Mudra Fincorp Ltd IPO

What is the size of the My Mudra Fincorp Ltd IPO?

The size of the My Mudra Fincorp Ltd IPO is ₹33.26 Cr.

What is the allotment date of the My Mudra Fincorp Ltd IPO?

My Mudra Fincorp Ltd IPO allotment date is Sep 10, 2024 (tentative).

What are the open and close dates of the My Mudra Fincorp Ltd IPO?

The My Mudra Fincorp Ltd IPO will open on Sep 5, 2024 and close on Sep 9, 2024

What is the lot size of My Mudra Fincorp Ltd IPO?

The lot size for the My Mudra Fincorp Ltd IPO is 1200.

When will my My Mudra Fincorp Ltd IPO order be placed?

Your My Mudra Fincorp Ltd IPO order will be placed on Sep 5, 2024

Can we invest in My Mudra Fincorp Ltd IPO?

Yes, once My Mudra Fincorp Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the My Mudra Fincorp Ltd IPO?

The potential listing gains on the My Mudra Fincorp Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for My Mudra Fincorp Ltd IPO?

'Pre-apply' for My Mudra Fincorp Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.