My Mudra Fincorp shares made a strong debut on NSE SME, opening at ₹130 per share, reflecting an 18.18% premium over the issue price of ₹110. This positive start highlights strong market interest in the company’s stock on its first trading day.
My Mudra Fincorp Limited IPO saw an overwhelming response, with its issue being subscribed 95.28 times by the close of Day 3. This robust demand highlights investor confidence and marks a significant milestone in the financial sector’s IPO landscape.
My Mudra Fincorp Limited, established in 2013, is a leading Channel Partner for prominent Banks and NBFCs in India, offering loans, credit cards, and insurance products via tele-calling and digital channels. The company assists customers in comparing products for informed decisions, providing faster loan approvals and competitive rates. Their franchise model ensures broad reach and high commissions nationwide.
My Mudra Fincorp Ltd aims to repay ₹6.25 crore in loans, invest ₹6.60 crore in technology development, allocate ₹7 crore for working capital, and use the remaining funds for general corporate purposes.