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.

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About My Mudra Fincorp Limited

Established in 2013, My Mudra Fincoro functions as a Channel Partner (DSA) for major Banks and NBFCs operating in India. Their business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) marketing approach to acquire customers for the banks and NBFC’s. Specializing in the distribution and sales of a diverse range of financial products as channel partner, they offer secured loans such as home loans and loans against property, unsecured loans like business loans and personal loans, professional loan as well as credit cards to the procured customers. Recently, they have expanded their services to include the distribution of insurance products. Through their dedication to offering exceptional financial solutions and consultancy services, they have distinguished themselves in the highly competitive and ever-evolving Indian financial services sector.

The Company serves a diverse clientele, including individuals, corporates, and professionals like Chartered Accountants (CAs) and Company Secretaries (CSs). As a trusted Direct Selling Agent (DSA), For individuals, they provide seamless access to funds for various purposes, from fulfilling personal aspirations to managing unexpected expenses. Their corporate clients benefit from tailored financing solutions designed to fuel growth and expansion, including Business loan, working capital financing and project funding. The Company provides specialized loans such as unsecured loan for professionals like Chartered Accountants (CAs), Company Secretaries (CSs), and architects. Loan amounts are based on their degrees and years of practice, with longer practice periods qualifying for higher amounts and minimal financial documentation. With a commitment to excellence and customer satisfaction, the Company empowers individuals, corporates, Business and professionals to achieve their financial goals with confidence and convenience.

They are proud to have established their presence in 8 states across India, namely Chandigarh, Delhi, Haryana, Maharashtra, Odisha, Uttrakhand, Rajasthan including our registered office and corporate office in New Delhi. They also have presence in other states like Bihar, Uttar Pradesh, Jharkhand, Gujarat, Goa, Telangana, West Bengal, Chhattisgarh etc. through their franchise or channel partners. Their network comprises 9 branches, more than 140 franchise/channel partners and Sub DSAs. Their expansion strategy is driven by a commitment to mitigating the financial challenges faced by individuals and corporates in remote areas. As part of this mission, they've extended their reach by setting up branches in these regions, ensuring financial services are accessible to all.

SERVICE INDUSTRIES IN INDIA
The services sector is not only the dominant sector in India’s GDP but has also attracted significant foreign investment, has contributed significantly to exports, and has provided large-scale employment. India’s services sector covers a wide variety of activities such as trade, hotel and restaurants, transport, storage and communication, financing, insurance, real estate, business services, community, social and personal services, and services associated with construction. To enhance India's commercial services exports, share in the global services market from 3.3% and permit a multi-fold expansion in the GDP, the government is also making significant efforts in this direction. 

The service sector has over 50% contribution to India’s GDP, and it had witnessed a growth of 9.1% in 2022-23. Out of 8.12 million jobs in FY23, service sector companies in IT, banking, and finance accounted for almost half of the new jobs generated. The share of the services sector accounted for 57% of the total GVA in FY24 (April-September) as per advance estimates. The services category ranked first in FDI inflows, as per data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

India is a unique emerging market in the globe due to its unique skills and competitive advantage created by knowledgebased services. The Indian services industry, which is supported by numerous government initiatives like smart Cities, clean India, and digital India is fostering an environment that is strengthening the services sector. The sector has the potential to open up a multi-trillion-dollar opportunity that might stimulate symbiotic growth for all nations. Service providers in India continued to signal positive demand trends in June, which underpinned a stronger increase in new business volumes and further job creation. 

In December 2023, services exports grew by 1.3% to US$ 31.6 billion, driven by software, business, and travel services. While Imports declined by 1.2%, resulting in a record high net earnings of US$16.0 billion. 

During October-December 2023, India experienced a 5.1% YoY to US$ 87.7 billion with a trade surplus of US$ 44.9 billion, growth in services exports, driven by software, business, and travel services.

India’s financial services industry has experienced huge growth in the past few years. This momentum is expected to continue. India’s private wealth management Industry shows huge potential. India is expected to have 16.57 lakh HNWIs in 2027. This will indeed lead India to be the fourth-largest private wealth market globally by 2028. India’s insurance market is also expected to reach US$ 250 billion by 2025. This will further offer India an opportunity of US$ 78 billion in additional life insurance premiums from 2020-30. 

India is today one of the most vibrant global economies on the back of robust banking and insurance sectors. The relaxation of foreign investment rules has received a positive response from the insurance sector, with many companies announcing plans to increase their stakes in joint ventures with Indian companies. Over the coming quarters, there could be a series of joint venture deals between global insurance giants and local players. 

The Association of Mutual Funds in India (AMFI) is targeting a nearly five-fold growth in AUM to US$ 1.15 trillion (Rs. 95 lakh crore) and more than three times growth in investor accounts to 130 million by 2025. 

India’s Fintech space is expected to further fuel this growth in various segments. India's mobile wallet industry is estimated to grow at a Compound Annual Growth Rate (CAGR) of 150% to reach US$ 4.4 billion by 2022, while mobile wallet transactions will touch US$ 388.8 billion (Rs. 32 trillion) during the same period. 

According to Goldman Sachs, investors have been pouring money into India’s stock market, which is likely to reach >US$ 5 trillion, surpassing the UK, and become the fifth-largest stock market worldwide by 2024.

CREDIT CARD INDUSTRY IN INDIA
According to Reserve Bank of India (RBI) data, in April 2023, over 8.6 crore credit cards were outstanding. This is a growth of about 15 percent from the 7.5 crore outstanding credit cards in April 2022. 

According to the RBI data, in April 2023, the industry average was Rs 5,120 per transaction. The industry average monthly spend per card was Rs 15,388. In April 2022, the industry average spend per card was Rs 14,070, and the average transaction was Rs 4,731.

MY MUDRA FINCORP LIMITED COMPETITIVE STRENGTHS
1. Strong portfolio and diverse range of products across consumer preferences
2. Diversified revenue from multiple locations and geographies of India
3. Capital efficient model with low operating costs
4. Strategic Partnerships with Banks and NBFCs
5. Experienced Leadership and Management

MY MUDRA FINCORP LIMITED LIMITED STRATEGIES
1. Broaden and deepen our Consumer reach in India
2. Product diversification
3. Continue to invest in our digital and technology infrastructure
4. Increasing Collaboration with Banks & NBFCs
5. Strengthening Customer Retention
6. Enhancing sales, promotional and marketing activities

MY MUDRA FINCORP LIMITED LIMITED RISK FACTORS & CONCERNS
1. The business is depended on their relationship with Banks & NBFCs.
2. A substantial portion of the revenue is generated from their banking partners and financial institutions.
3. Their top ten and top five customers contribute approximately 63.56% and 42.54% respectively of their revenues for the financial year ended March 31, 2024.
4. They have limited experience in one of their services related to distribution of Insurance Products and credit cards.
5. The Company has faced penal actions from Banks and NBFCs in the past.
6. They rely on end consumers using one or more of their services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect their profitability and financial condition.