My Mudra Fincorp IPO subscription status started on September 05, 2024, and closed on September 09, 2024. The company aims to raise approximately ₹33.26 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹104 to ₹110 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,32,000. My Mudra Fincorp is an SME IPO, and it will be listed on the NSE.
Table of contents
IPO Overview
Incorporated in 2013, My Mudra Fincorp Limited serves as a Channel Partner (DSA) for leading banks and NBFCs in India, specializing in the distribution of diverse financial products. The company provides secured loans, including home and property loans, as well as unsecured options like business, personal, and professional loans, alongside credit cards.
Additionally, My Mudra Fincorp has expanded into offering insurance products and their customer base includes individuals, businesses, and professionals such as chartered accountants (CAs) and company secretaries (CSs). Furthermore, As of May 31, 2024, the company employed 143 people, including 10 dedicated to IT and CRM development. In India, My Mudra Fincorp serves as a channel partner (DSA) for major banks and non-banking financial corporations (NBFCs). Specifically, the company offers a range of financial products, including unsecured loans, secured loans, professional loans, credit cards, and insurance products. Additionally, it specializes in the distribution and sale of these financial offerings.
Furthermore, My Mudra Fincorp provides customers with the ability to research and compare a broad spectrum of lending and insurance options, thereby enhancing choice and transparency. As a result, the company generates revenue through commissions from its various business segments, which include loan-related activities, credit card services, and insurance offerings. Moreover, with a presence in eight states across India, My Mudra Fincorp operates nine branches and collaborates with over 140 franchise/channel partners and Sub DSAs.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
My Mudra Fincorp IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 7.00 | 8.58 | 48.83 |
| NII | 3.49 | 11.29 | 159.37 |
| RII | 5.49 | 17.46 | 108.77 |
| Total | 5.49 | 13.60 | 102.48 |
My Mudra Fincorp IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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My Mudra Fincorp IPO Form
To apply for the My Mudra Fincorp IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 05, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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