My Mudra Fincorp IPO Detail
The My Mudra Fincorp IPO is an SME offering that aims to raise ₹33.26 crores through a fresh issue of 30.24 lakh shares. The price band for this IPO is set between ₹104 to ₹110 per share. Investors can apply with a minimum lot size of 1,200 shares, amounting to an investment of ₹1,32,000. The IPO will be listed on the NSE SME platform, opening for subscription on September 5, 2024, and closing on September 9, 2024. There is no Offer for Sale (OFS) component in this issue.
My Mudra Fincorp IPO Review
My Mudra Fincorp, a pioneer in DSA and fintech (loan aggregation), is making waves as India’s first IPO in this sector. The company has a strong focus on financial inclusion and aims to leverage technology to streamline loan distribution across various financial institutions. Market analysts suggest that the IPO could see strong demand due to the company’s niche positioning and growing fintech sector in India.
My Mudra Fincorp IPO Live Subscription
As of the first day of subscription, My Mudra Fincorp IPO has garnered significant interest, being subscribed 5.74 times across different investor categories. The retail and Non-Institutional Investor (NII) portions were oversubscribed within the first few hours, showing strong investor confidence in the company.
My Mudra Fincorp IPO Live News
The IPO has generated significant buzz in the market, with many investors closely tracking its performance. Day 1 saw a positive response, with 0.66 times subscription within hours of the market opening. Analysts are watching closely as the IPO progresses(Chittorgarh.com)
IPO Allotment Status
The allotment status for My Mudra Fincorp IPO will be available on September 10, 2024. Investors will be able to check their allotment status on the registrar’s website by entering their PAN, application number, or DP client ID.
IPO Basis of Allotment Document
The Basis of Allotment document will be published on the registrar’s site post-allotment finalization. This document will outline the allocation of shares to various categories of investors based on demand and oversubscription levels.
IPO Dates
- Open Date: September 5, 2024
- Close Date: September 9, 2024
- Allotment Date: September 10, 2024
- Listing Date: September 13, 2024
Financials
My Mudra Fincorp’s financial performance showcases steady growth over recent years, with revenue and profitability improvements driven by its expanding footprint in the fintech space. Detailed financial metrics can be reviewed in the company’s red herring prospectus.
Company Info
My Mudra Fincorp is a prominent fintech player focusing on digital lending, with a mission to improve access to financial services across India. It has built a robust network of partners and leverages cutting-edge technology to make loan processes more accessible.
Forum
Investors are actively discussing the prospects of My Mudra Fincorp IPO on various online forums, with a generally positive sentiment. Many believe the company’s focus on digital lending and fintech will offer substantial long-term growth.
IPO FAQs
- What is the price band of My Mudra Fincorp IPO?
The price band is ₹104 – ₹110 per share. - When will the allotment be finalized?
The allotment will be finalized on September 10, 2024. - What is the minimum investment amount?
The minimum investment is ₹1,32,000 for 1,200 shares. - Where will the IPO be listed?
The IPO will be listed on the NSE SME platform.
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