My Mudra Fincorp Limited is launching an IPO with a fresh issue of 30,24,000 shares worth INR 33.26 crores. The company aims to repay borrowings, invest in tech, meet working capital needs, and support general purposes. 

My Mudra Fincorp IPO – Important Dates 

Read more: My Mudra Fincorp Limited IPO

My Mudra Fincorp Limited IPO – Company Profile 

My Mudra Fincorp Limited, established in 2013, excels as a Channel Partner for major Banks and NBFCs in India. It offers a range of loans, credit cards, and insurance products through a strategic tele-calling and digital approach. 

They help customers research and compare lending and insurance products, presenting clear options with costs and features. This enables informed decisions, faster loan approvals, and competitive rates, ensuring a streamlined, customer-focused experience. 

As a trusted Direct Selling Agent, the company delivers tailored financing solutions to individuals, corporates, and professionals, including CAs and CSs. Their nationwide franchise model ensures broad reach, high commissions, and comprehensive support. 

My Mudra Fincorp Ltd IPO Fundamental Analysis 

My Mudra Fincorp Limited’s financial analysis reveals a mixed performance. Revenue shows strong growth, with profitability and EPS rising significantly. Equity and liabilities are up, indicating expansion, while financial position and liquidity improvements suggest robust business health. 

• Revenue Trend: The revenue increased from ₹2,838.25 lakhs in March 2022 to ₹5,346.00 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 7,107.24 lakhs. 
• Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹46.86 lakhs in March 2022 to ₹835.52 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹0.63 in March 2022 to ₹10.09 by March 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has risen from 10.70% to 49.74%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

My Mudra Fincorp IPO Financial Analysis 

My Mudra Fincorp Limited IPO Peer Comparison 

My Mudra Fincorp Limited outperforms Akiko Global Services Limited in revenue, EPS, and RoNW, demonstrating stronger financial growth and profitability. Both companies show strong profitability, with My Mudra leading in earnings and return on equity. 

My Mudra Fincorp Ltd IPO Objective 

The main objective of My Mudra Fincorp Limited is to repay borrowings, invest in technology and digital infrastructure, and meet working capital requirements. 

1. Repayment of a portion of specific borrowing availed by their company: The company intends to utilize INR 6.25 crores to repay cash credit and unsecured loans, reducing debt and costs, improving leverage, and enabling investment in business growth and future development opportunities. 

2. Investment in technology development and digital infrastructure: The company plans to utilize INR 6.60 crores for technology development, including software, web portal, and mobile app enhancements, to drive growth, automate systems, support new business lines, and increase transaction volumes. 

3. To Meet Working Capital Requirements: The company aims to utilize INR 7 crores from the Net Proceeds to meet working capital needs, including trade receivables, inventories, and payables, with the balance covered by internal accruals and future borrowings. 

4. General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses, initial development costs for new projects, strengthening business development and marketing, and addressing unforeseen exigencies. 

My Mudra Fincorp IPO Risks And Challenges 

My Mudra Fincorp Limited’s risk includes reliance on bank and NBFC partnerships, potential regulatory changes by the RBI, and exposure to technological and cybersecurity issues, which could affect operations, financial stability, and liability. 

• Their company’s revenue relies heavily on partnerships with banks and NBFCs to distribute financial products. Risks include potential direct customer acquisition by partners, renegotiated terms, reduced cooperation, and the need for adequate credit and engagement management. 

• Partnerships with banks and NBFCs are crucial to their revenue. Regulatory changes or new RBI requirements could impact their operations and financial stability, potentially affecting their ability to maintain or grow these essential relationships. 

• Their industry’s rapid technological evolution and changing consumer preferences expose them to risks, including IT system failures, cyberattacks, and service disruptions. These issues could impact performance and result in liability for costs and damages without third-party indemnification. 

My Mudra Fincorp Ltd IPO – Industry & Market Potential 

India’s financial sector is growing, with rising income boosting demand, a projected US$1 trillion insurance sector by 2025, and over 2,100 fintech firms. Mobile wallets are expected to reach US$5.7 trillion by 2027, while digital transactions are set to hit US$1 trillion by 2023. 

The Indian digital lending market, growing at a CAGR of 39.5%, is expected to expand from US$110 billion in 2019 to US$720 billion by 2030, driven by fintech innovation and rising digital adoption. 

India’s banking sector is poised for robust growth, with digital lending expected to rise from US$75 billion in FY18 to US$1 trillion by FY23. The fintech market, attracting US$29 billion in funding, is projected to reach Rs. 6.2 trillion (US$83.48 billion) by 2025. 

My Mudra Fincorp Limited IPO – Type of Offer 

My Mudra Fincorp Limited is launching an IPO with a fresh issue of 30,24,000 shares worth INR 33.26 crores. The company aims to repay borrowings, invest in tech, meet working capital needs, and support general purposes. 

My Mudra Fincorp IPO Offer Size 

The offer size of My Mudra Fincorp Limited is INR 33.26 crores, consisting of a fresh issue of 30,24,000 shares. The company seeks funds to repay borrowings, invest in tech, meet working capital needs, and support general purposes. 

My Mudra Fincorp Limited IPO Allotment Structure 

My Mudra Fincorp Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 153,600 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 153,600 shares, are reserved for market makers. 

Read more: My Mudra Fincorp Limited IPO Allotment Status

How to apply for My Mudra Fincorp IPO?

To apply for the My Mudra Fincorp Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the My Mudra Fincorp Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the My Mudra Fincorp Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

Read more: My Mudra Fincorp Limited IPO Day 1 Subscription

How do you check My Mudra Fincorp IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the My Mudra Fincorp Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the My Mudra Fincorp Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the My Mudra Fincorp Limited IPO:

● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the My Mudra Fincorp Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Read more: My Mudra Fincorp Limited IPO Day 2 Subscription

My Mudra Fincorp Ltd IPO Offer Registrar

The registrar for the My Mudra Fincorp Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Skyline Financial Services Private Limited 

D-153A, 1st floor, 

Okhla Industrial Area, Phase I, 

New Delhi, Delhi -110020, India

Telephone: 011- 40450193-97

Email: [email protected];

Website: www.skylinerta.com 

Read more: My Mudra Fincorp Limited IPO Day 2 Subscription

My Mudra Fincorp IPO – FAQs