What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the My Mudra Fincorp Limited IPO allotment date?

The basis of allotment for My Mudra Fincorp Limited IPO is scheduled to be finalized on 10 Sep 2024.

Where can I check My Mudra Fincorp Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 11 Sep 2024.

My Mudra Fincorp Limited

ListedSME

Financial Services · NSE

My Mudra Fincorp Limited, established in 2013, operates as a Channel Partner (DSA) for leading banks and NBFCs across India, offering a wide range of financial products including secured loans such as home and property loans, unsecured loans like business and personal loans, professional loans, and credit cards, along with insurance services. The company serves a diverse customer base comprising individuals, businesses, and professionals including chartered accountants and company secretaries. Supported by a team of 143 employees as of May 31, 2024—including 10 dedicated to IT and CRM development—My Mudra Fincorp continues to strengthen its distribution network and digital capabilities to deliver efficient and accessible financial solutions.

Price Band

₹104 – ₹110

Issue Size

₹33.26 Cr

Lot Size

1200 shares

GMP

₹36

+32.7%

Est. Listing

₹146

at current GMP

Subscribed

102.55x

overall

Open

5 Sep 2024

9 Sep 2024

Allotment

10 Sep 2024

Refund

11 Sep 2024

Demat Credit

12 Sep 2024

Listing

12 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

My Mudra Fincorp Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Sep 2024

Basis finalization

Refunds Initiate

11 Sep 2024

Mandate release

Demat Credit

12 Sep 2024

Shares in demat

Listing Debut

12 Sep 2024

Trading begins

How to Check My Mudra Fincorp Limited IPO Allotment Status

Click the Check on Registrar button above to visit Skyline Financial Services Private Limited's allotment portal.
Select My Mudra Fincorp Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About My Mudra Fincorp Limited Public Issue & Market Profile

My Mudra Fincorp Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹33.26 Crores. The shares are offered at a price band of ₹104 to ₹110 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,32,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-12, while un-allotted funds or UPI block mandates will be released on 2024-09-11.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.