My Mudra Fincorp Limited

Company Profile
Company Name My Mudra Fincorp Limited
Open Date 05-09-2024
Close Date 09-09-2024
Exchange NSE SME
Lot Size 1,200 Shares
Issue Price ₹104 to ₹110 per share
Issue Size ₹33.26 Cr
Application Amount ₹1,32,000
Recommendation Avoid
Company Background – My Mudra, established in 2013 has their registered office in New Delhi, India. Business Activity: The company acts as an intermediary, connecting customers with financial institutions. They use tele-calling, digital marketing, referrals, and physical branches for customer acquisition and service. Revenue Model: Primarily commission-based, earning from successful loan/credit card applications and insurance sales. The model incentivizes high sales volumes. Revenue Generation: Sub-DSAs play a crucial role in company’s revenue generation, accounting for 79% of the total revenue in FY24. While Delhi remains the company's primary market, contributing 49.43% of revenue, Uttar also represents a significant 10.41% share. As of May 31, 2024, My Mudra had 143 employees, including 10 employees from the IT and CRM development team.
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Amount in Lakhs

KPI’s 2022 2023 2024
Revenue 2,838.25 5,346.00 7,107.24
EBITDA 118.29 573.31 1,278.28
Net Profit 46.86 346.76 835.52
ROE 17.90% 53.66% 61.22%
RoCE 10.70% 41.07% 49.74%
P/E 174.60 26.25 10.90

Tentative Timeline

Opening Date 05-09-2024
Closing Date 09-09-2024
Basis of Allotment 10-09-2024
Initiation of Refunds 11-09-2024
Credit of Shares to Demat 11-09-2024
Listing Date 12-09-2024

Objects of the Issue

Repayment of a portion of certain borrowing availed by the Company
Investment in technology development and digital infrastructure
To meet Working Capital requirements
General Corporate Purpose

Contact Information

Registered Office My Mudra Fincorp Limited 17A/45, 2nd Floor, w.e.a. Karol Bagh, Central Delhi, New Delhi, Delhi - 110005
Phone 011-47010500
Email info@mymudra.com
Website https://www.mymudra.com/

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

QIB Shares Offered Not more than 50.00% of the offer
Retail Shares Offered Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered Not less than 15.00% of the Net Issue

Shareholding Pattern

Promoter's shareholding Pre-Issue 78.74%
Promoter's shareholding Post Issue 58.83%

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