September 12, 2024
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Mu Mudra IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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My Mudra listing Review
The scrip is listed at Rs. 130, premium of 18.18% over the issue price. The listing has been below the expectations of the grey market players, who anticipated the listing to be in the range of Rs. 154.
My Mudra IPO allotment Link
What was the last grey market premium of Mu Mudra IPO?
GMP Rs. 41
Subscription status of My Mudra IPO
My Mudra Fincorp IPO (Closed)Price Rs. 110 Lot 1200 shares, Rs. 33.26 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 48.83 | 159.37 | 108.77 | 102.48 | 91,147 (108.77x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of My Mudra?
Established in 2013, My Mudra Fincorp functions as a Channel Partner (DSA) for major Banks and NBFCs operating in India. Its 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, it offers 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. Recently, it has expanded its services to include the distribution of insurance products. Through its dedication to offering exceptional financial solutions and consultancy services, it has distinguished ourselves in the highly competitive and ever-evolving Indian financial services sector.
The company generates revenues from the commissions it receives through its various business segments. For its loan-related business, it earnscommissions from our lending partners. In its credit card-related business, it receives commissions and fees from the credit card providers.
Get more information about the company @ https://www.mymudra.com/
My Mudra IPO Details | |
| IPO opens on | 5 September 2024 |
| IPO closes on | 9 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3024000 Shares / Rs 33.26 Crore |
| * Fresh Issue | 3024000 Shares / Rs 33.26 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 153600 Shares |
| Net offer to Public | 2870400 Shares/ Rs.11.95 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.104-110 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 1435200 | 15.79 |
| NII (15%) | 430600 | 4.74 |
| RII (35%) | 664000 | 5.98 |
| Total Shares | 1004600 | 11.05 |
| Retail portion will be oversubscribed by | 837 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.144000 |
| Min HNI Application | 3200 Shares | Rs.288000 |
Who are the Promoters of My Mudra IPO?
Vaibhav Kulshrestha And Nisha Kulshrestha are the promoters of the company.
What are the Objects of My Mudra IPO?
The Offer comprises of fresh issue of shares.
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Repayment of a portion of certain borrowing availed by the Company
- Investment in technology development and digital infrastructure
- To meet Working Capital requirements
- General Corporate Purpose
Tentative timetable | |
| IPO opens on | 5 September 2024 |
| IPO Closes on | 9 September 2024 |
| IPO Allotment on | 10 September 2024 |
| Refund Initiation | 11 September 2024 |
| Credit of Shares | 11 September 2024 |
| Listing on | 12 September 2024 |
| Registered Office of the Company My Mudra Fincorp Limited 17A/45, 2nd Floor, w.e.a. Karol Bagh, Central Delhi, New Delhi, Delhi – 110005 |
| Who is the Lead Manager of this IPO? Hem Securities |
Who is the Registrar to IPO? |
My Mudra IPO GMP grey market premium, review, Subscription, allotment, listing estimate
My Mudra IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 28.46 | 0.47 | 0.63 | 10.70 |
| 2022-23 | 53.55 | 3.47 | 4.19 | 41.07 |
| 2023-24 | 71.14 | 8.36 | 10.09 | 49.74 |
| Book Value of the Share on 31.03.2024 | Rs | 20.29 | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 110 | ||
IPO | |
| Price/EPS of 23-24 | 10.90 |
| Price/BV Ratio | 5.42 |
| Price/BV after IPO | |
How My Mudra IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| My Mudra | 10 | 71 | 10.90 |
| Akiko Global | 10 | 40 | 16.15 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
My Mudra IPO Review
Established in 2013, My Mudra Fincorp functions as a Channel Partner (DSA) for major Banks and NBFCs operating in India. Its 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.
Size: Net size of the IPO is Rs.31.57 crore, comprising of 2870400 shares. The size of the IPO is not very small and so huge oversubscription is a bit difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO. The shares are offered at reasonable valuation and there is scope for small listing.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
My Mudra IPO GMP today allotment, review?
My Mudra IPO GMP grey market premium
My Mudra IPO FAQs
What is My Mudra IPO?
This is a SME IPO of 3024000 equity shares of the face value of Rs. 10 aggregating up to Rs.33.26 Crores. The issue is priced at Rs.110 per share. The minimum order quantity is 1200 Shares.
When will My Mudra IPO subscription open?
My Mudra IPO opens on September 5, 2024, and closes on September 9, 2024.
What is the lot size of My Mudra IPO?
My Mudra IPO lot size is 1200 Shares, and the minimum amount required is Rs.132000
How to apply for My Mudra IPO?
You can apply in My Mudra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is My Mudra IPO allotment?
The finalization of Basis of Allotment for My Mudra IPO will be done on September 10, 2024, and the allotted shares will be credited to your demat account by September 11, 2024.
When is My Mudra IPO listing date?
My Mudra IPO listing date is September 12, 2024.
