My Mudra IPO listed @ Rs. 130

September 12, 2024 admin Leave a reply Post Comment

Mu Mudra IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Table of Contents

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/

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:

1. Repayment of a portion of certain borrowing availed by the Company
2. Investment in technology development and digital infrastructure
3. To meet Working Capital requirements
4. General Corporate Purpose

My Mudra IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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: ?

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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.