Issue Price
₹110
Per Share
GMP
NIL
Grey Market
Est. Listing
₹110
Expected Price
Min. Application
₹264,000
2 lots × 1200 shares
My Mudra Fincorp Limited was incorporated in 2013 and acts as a Channel Partner (DSA) for major banks and NBFCs in India.The company specializes in the distribution and sale of a wide range of financial products. As a channel partner, the company offers secured loans such as home and property loans, unsecured loans such as business and personal loans, professional loans as well as credit cards to the referred customers. The company has also expanded its services to include the sale of insurance products.The company's customers include private individuals, businesses and professionals such as chartered accountants (CAs) and company secretaries (CSs).As of May 31, 2024, My Mudra Fincorp had 143 employees, including 10 employees from the IT and CRM development team.
My Mudra Fincorp Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 153,600 | — | ₹1.69 Cr | — |
| TOTAL | 3,024,000 | 100.00% | ₹33.26 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹132,000 |
| Retail (Max) | 13 | 15,600 | ₹1,716,000 |
| sNII (Min) | 14 | 16,800 | ₹1,848,000 |
| bNII (Min) | 68 | 81,600 | ₹8,976,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 7114.36 | 5355.00 | 2846.18 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 835.52 | 346.75 | 46.86 |
| Net Worth | 1679.79 | 844.27 | 437.88 |
| Total Assets | 302782.01 | 1485.01 | 939.60 |
| Reserves & Surplus | 1678.61 | 843.08 | 436.81 |
| Total Borrowings | 964.41 | 371.10 | 341.20 |