My Mudra Fincorp IPO Analysis: Price Band, GMP, and Allotment Guide

My Mudra Fincorp IPO – Established in 2013, the company functions as a Channel Partner (DSA) for major banks and NBFCs operating in India. The company’s business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital marketing approach to acquire customers for the banks and NBFCs. The company specializes in the distribution and sales of a diverse range of financial products such as home loans, loans against property, business loans, personal loans, professional loan as well as credit cards. Recently, it has expanded its services to include the distribution of insurance products.

My Mudra Fincorp generates revenues from the fees and commissions it receives through various business segments. It serves a diverse clientele, including individuals, corporates, and professionals like Chartered Accountants (CAs) and Company Secretaries (CSs).

My Mudra Fincorp IPO open date is September 5, 2024 and the IPO will close on September 9, 2024. My Mudra Fincorp is a Book Built Issue. The company to raise around ₹33.26 crores via IPO that comprises fresh issue of ₹33.26 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

My Mudra Fincorp IPO price band is ₹104 to ₹110 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. My Mudra Fincorp IPO to list on NSE on September 12, 2024. The allotment of My Mudra Fincorp IPO date is September 10, 2024.

The company reported revenue of ₹71.14 crores in 2024 against ₹53.56 crore in 2023. The company reported profit of ₹ 8.36 crores in 2024 against profit of ₹3.47 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

My Mudra Fincorp IPO Details

My Mudra Fincorp IPO Dates

The My Mudra Fincorp IPO date is September 5 and the close date is September 9. The My Mudra Fincorp IPO allotment will be finalized on September 10 and the IPO listing on September 12.