My Mudra Fincorp Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the My Mudra Fincorp Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹110
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,32,000
Issue Size
₹33.26 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
My Mudra Fincorp Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
78.74%
Promoter Holding (Post-Issue)
57.84%
Issue Type
Book Building - SME
ISIN
INE0RVQ01016
About the Company
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.
Industry Overview
The Indian financial services sector is thriving, driven by rising incomes and financial inclusion, with the insurance market projected to reach US$ 1 trillion by 2025. The fintech space is expanding rapidly, with over 2,100 companies, and the mobile wallet industry is expected to grow at a CAGR of 148% to US$ 4.4 billion by 2022. Government policies, including increasing the FDI limit in insurance to 74%, support this growth. Digital transactions are set to rise to US$ 1 trillion by 2023, with UPI transactions reaching 11.23 billion worth US$ 208.51 billion in November 2023. The banking sector is also growing, with digital payments projected to constitute 65% of all transactions by 2026.
Company History
My Mudra Fincorp Limited was originally incorporated as "My Mudra Fincorp Private Limited" on September 11, 2013 vide Registration Certificate No. 257611 under the provisions of the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC). Further, pursuant to special resolution passed by the shareholders at the extra ordinary general meeting, held on August 11, 2023 the Company was converted into a Public Limited Company and the name of the Company was changed from "My Mudra Fincorp Private Limited" to "My Mudra Fincorp Limited" vide a fresh certificate of incorporation dated October 19, 2023, CIN: U65191DL2013PLC257611 issued by the Registrar of Companies, Delhi (RoC).
Products & Services
- The Company operates as a Channel Partner (DSA) for major Banks and NBFCs in India.
Growth Strategy
- Broaden and deepen our Consumer reach in India.
- Product diversification.
- Continue to invest in its digital and technology infrastructure.
- Increasing Collaboration with Banks & NBFCs.
- Strengthening Customer Retention.
- Enhancing sales, promotional and marketing activities.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 30,24,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of My Mudra Fincorp Limited ("The Company" or "The Issuer") at an issue price of Rs. 110/- per equity share (including share premium of Rs .100/- per equity share) for cash, aggregating up to Rs. 33.26 crores ("Public Issue") out of which 1,53,600 equity shares of face value of Rs. 10 each, at an issue price of Rs. 110/- per equity share for cash, aggregating Rs. 1.69 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 28,70,400 equity shares of face value of Rs. 10 each, at an issue price of Rs. 110/- per equity share for cash, aggregating upto Rs. 31.57 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.55% and 25.20 % respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company's 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 RBI's 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 company's business. Any disruption to its IT systems and infrastructure could materially affect the company's ability to maintain the satisfactory performance of its platform and deliver consistent services to the company's users.
- Its top ten and top five customers contribute approximately 63.56% and 42.54% respectively of the company's 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 company's business and reputation.