My Mudra Fincorp Limited IPO GMP

My Mudra has laid its foundation with the dream of creating a financially stable society. Altering the mindset of people, from a loan as a burden to a loan as a planned decision. Started in 2019 and now has successfully left its footprints in every state. My Mudra is the bridge between us and the banks which are preferred to take loans as the low-interest rates. They are our helpers in providing us with personal loans, home loans and business loans.

My Mudra, an Book Built Issue amounting to ₹33.26 Crores, consisting entirely an Fresh Issue of 30.24 Lakh Shares. The subscription period for the My Mudra IPO opens on September 05, 2024, and closes on September 09, 2024. The allotment is expected to be finalized on or about Tuesday September 10, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday September 12, 2024.

The Share price band of My Mudra IPO is set at ₹104 to ₹110 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹132,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹264,000.

HEM SECURITIES LIMITED is the book-running lead manager, Skyline Financial Services Private Limited is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the My Mudra IPO.

My Mudra Fincorp Limited IPO GMP Today
The Grey Market Premium of My Mudra Fincorp Limited IPO is expected in the range of ₹40 to ₹45 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

My Mudra Fincorp Limited IPO Live Subscription Status Today
As of 06:13 PM on 09 September 2024, the My Mudra Fincorp Limited IPO live subscription status shows that the IPO subscribed 95.27 times on its Last day of subscription period. Check the My Mudra Fincorp Limited IPO Live Subscription Status Today at NSE.

My Mudra Fincorp Limited IPO Allotment Status
My Mudra Fincorp IPO allotment date is 10th September, 2024, Tuesday. My Mudra IPO Allotment will be out on 10th August 2024 and will be live on Registrar Website from the allotment date. Check My Mudra Fincorp Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select My Mudra Fincorp Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of My Mudra Fincorp Limited IPO
My Mudra Fincorp Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹625.00 Lakhs is required for Repayment of a portion of certain borrowing availed by their Company 
2. ₹660.00 Lakhs is required for Investment in technology development and digital infrastructure 
3. ₹700.00 Lakhs is required to meet Working Capital requirements 
4. General Corporate Purpose.

Refer to My Mudra Fincorp Limited RHP for more details about the Company.