My Mudra Fincorp IPO share allotment: Steps to check status on NSE, registrar’s portal

The share allotment status of My Mudra Fincorp IPO is set to be finalised on Tuesday, September 10. The initial share sale of My Mudra Fincorp Limited witnessed a strong response from investors.

The portion reserved for Non-Institutional Investors (NIIs) received the strongest response, getting booked over 159.7 times. NIIs placed bids for over 6.88 crore shares against the 4.3 lakh shares on sale.

Retail investors bid for 10.03 crore shares compared to the 10.05 lakh shares set aside for them. The quota was booked 108.76 times, according to data on NSE.

The public offer was subscribed 48.83 times by Qualified Institutional Buyers(QIBs), with bids for 2.8 crore shares as against the 5.74 lakh shares on offer.

After the closing of the IPO, investors would be waiting to check the share allotment status. Here is how to do it

How to check My Mudra Fincorp IPO share allotment status on the registrar’s website

• Visit the official website of Skyline Financial Services Pvt Ltd by clicking the link: https://www.skylinerta.com
• From the menu, choose the Investors option
• Next, click on Public Issues
• From the drop-down list, select My Mudra Fincorp
• Now, enter your Client ID, Application No or PAN details
• Hit on the Search button to see results

How to check My Mudra Fincorp IPO share allotment status on the NSE website

• Go to the NSE IPO allotment status page with the link www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Now log in with your username and password. You need to create an account on the NSE website if you already do not have one
• Select My Mudra Fincorp Limited from the drop-down menu featuring the issue names.
• Next, verify your PAN
• Now, enter your IPO application No
• As the last step, click on Submit to view the allotment details

My Mudra Fincorp IPO key details

The My Mudra Fincorp IPO was open for bidding between September 5, and September 9. The book-built issue of ₹33.26 crore is an entirely fresh issue of 30.24 lakh shares.

My Mudra Fincorp IPO price band was fixed at ₹104 to ₹110 per equity share, with a minimum lot size of 1,200 shares. This means retail investors had to spend ₹1,32,000 to apply for the IPO.

My Mudra IPO share allotment status will be finalised on September 10. Initiation of refunds for unsuccessful bidders and credit of shares to demat account for the successful ones will be done on September 11. The IPO will be listed on NSE SME on September 12.

My Mudra Fincorp IPO objectives

My Mudra Fincorp Limited plans to use the proceeds from its IPO to repay a portion of the company's borrowing. It will also use the proceeds to invest in technology development and digital infrastructure and meet working capital requirements. A part of the fund will also be used for general corporate purposes.

About My Mudra Fincorp Limited

My Mudra Fincorp Limited is a Channel Partner (DSA) for major banks and NBFCs in India. Incorporated in 2013, the company distributes and sells a wide range of financial products. It also offers home and property, business, personal and professional loans as a channel partner.

As of May 31, 2024, My Mudra Fincorp had 143 employees, which includes 10 employees from the IT and CRM development team.