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My Mudra Fincorp IPO
Price Band
₹104.0–110.0
Issue Size
₹33.26 Cr
Lot Size
1,200 shares
Min Investment
₹132,000
GMP
+₹36.0 (32.73%)
Issue Price
₹110.0
Subject to Sauda
₹32800
Paid only if allotted
My Mudra Fincorp IPO AI Summary
- My Mudra Fincorp IPO is listed on NSE SME in the Other Financial Services sector.
- Price band: ₹104.0–₹110.0 per share, lot size 1,200 shares (min. investment ₹132,000).
- Subscription window: 05 Sep–09 Sep 2024, listing on 12 Sep 2024.
- Current GMP is +₹36.0 (32.73%), an estimated listing price of ₹146 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
My Mudra Fincorp IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
My Mudra Fincorp IPO Grey Market Premium (GMP) Today
GMP
+₹36.0
GMP %
+32.73%
Est. Listing
₹146.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 30.28 | 14.85 | 9.40 |
| Total Income | 71.14 | 53.56 | 28.46 |
| Profit After Tax | 8.36 | 3.47 | 0.47 |
| NET Worth | 16.80 | 8.44 | 4.38 |
| Reserves and Surplus | 16.79 | 8.43 | 4.37 |
| Total Borrowing | 9.64 | 3.71 | 3.41 |
Key Ratios
EPS
₹9.98
NAV
₹20.29
ROE
66.20%
ROCE
45.98%
RoNW
49.74%
P/E Ratio
11.02
Market Cap
₹125.31 Cr
PAT Margin
11.76%
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Akiko Global Services Limited | 78.36% | 16.15 | 4.21 | 4.21 |
| My Mudra Fincorp Limited This IPO | 49.74% | — | 10.09 | 10.09 |
Promoters
Nisha Kulshrestha and Vaibhav Kulshrestha
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of a portion of certain borrowing availed by the Company 6.25 2 Investment in technology development and digital infrastructure 6.00 3 To meet Working Capital requirements 7.00 4 General Corporate Purpose 8.12
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹28.46 Cr in the year ended 31 Mar 2022 to ₹53.56 Cr by 31 Mar 2023, and further rose to ₹71.14 Cr by 31 Mar 2024. This indicates a consistent growth trend in revenue over the periods.
Profit Trend
Profit After Tax grew from ₹0.47 Cr in the year ended 31 Mar 2022 to ₹3.47 Cr by 31 Mar 2023, and further increased to ₹8.36 Cr by 31 Mar 2024. This shows a strong upward trend in profitability across the reported periods.
Valuation
My Mudra Fincorp has a P/E ratio of 11.02 at the issue price, compared to peers like Akiko Global Services Limited, which has a P/E of 16.15. This positions My Mudra Fincorp as priced at roughly 0.68 times the trailing earnings of its peer.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price than its issue price, while a negative GMP indicates the opposite. Investors often use GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It's important to consider the company's financial health and sector performance.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on September 5, 2024, and closes on September 9, 2024. Allotment of shares will be completed by September 10, 2024, and the shares are expected to be listed on the stock exchange on September 12, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when the stock opens for trading on its listing day. While some IPOs may see significant gains, others may not perform as expected, and there is always a risk of loss. Investors should be cautious and consider the overall market conditions and the company's fundamentals before making decisions.
This evaluation is generated from My Mudra Fincorp's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is My Mudra Fincorp IPO GMP today?
My Mudra Fincorp IPO GMP today is +₹36.0 (32.73%), indicating an estimated listing price of ₹146. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of My Mudra Fincorp IPO?
The price band of My Mudra Fincorp IPO is ₹104.0–₹110.0 per share.
When does My Mudra Fincorp IPO open and close?
My Mudra Fincorp IPO opens on 05 September 2024 and closes on 09 September 2024.
When does My Mudra Fincorp IPO list on the stock exchange?
My Mudra Fincorp IPO listed on 12 September 2024 at ₹146.0.
What is the lot size for My Mudra Fincorp IPO?
The lot size for My Mudra Fincorp IPO is 1200 shares, requiring a minimum investment of ₹132,000.
What is the price band for the My Mudra Fincorp IPO?
The price band for the My Mudra Fincorp IPO is ₹104.0 to ₹110.0.
What is the minimum investment required?
The minimum investment required is ₹132,000.
What is the lot size for the IPO?
The lot size for the My Mudra Fincorp IPO is 1200 shares.
When is the listing date for the IPO?
The listing date for the My Mudra Fincorp IPO is September 12, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Sep 2024
Close
09 Sep 2024
Allotment
10 Sep 2024
Listing
12 Sep 2024
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