My Mudra Fincorp Limited IPO Review
Neutral110-110 · SME
✦
Analyst Verdict
My Mudra Fincorp Limited IPO
Neutral
IPO at a Glance
Price Band
110-110
Issue Size
33cr
Min. Investment
₹1,32,000
Opens
2024-09-03
Closes
2024-09-07
Listing
2024-09-10
Category
SME
Key Strengths
✓The company’s strong portfolio and diverse range of products across consumer preferences include secured loans (home loans and loans against property), unsecured loans (business loans and personal loans), Professional loans, credit cards, and recently, insurance products.
✓The company has established strong partnerships with major Banks and NBFCs. These alliances enable it to provide customers with competitive and attractive financial solutions.
✓As the company aggregates and distributes insurance and personal credit products offered by insurers and lenders and does not create any own products, It does not carry any corresponding underwriting or credit risks, This ensures a capital-efficient model with low operating costs.
Key Risks
⚠The company’s business is dependent on its relationship with Banks & NBFCs. Any termination of these existing relationships would adversely affect the business operations, financial condition, and prospects.
⚠The company’s 64% revenues are dependent on its top 10 customers. Any inability to maintain such business may hurt its results of operations.
⚠The Company has faced penal actions from Banks and NBFCs in the past. There is no guarantee that it will not encounter similar penalties in the future, which could negatively impact the financial condition, operations, and profitability.
⚠The company operates in a dynamic and competitive online fintech industry, which makes it difficult to predict its prospects.
⚠It may be exposed to the risk of delays or non-payment by clients and other counterparties, which may also affect cash flows and business.
Frequently Asked Questions
Should I apply for My Mudra Fincorp Limited IPO?
Based on our analysis, our rating for My Mudra Fincorp Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of My Mudra Fincorp Limited IPO?
The company’s business is dependent on its relationship with Banks & NBFCs. Any termination of these existing relationships would adversely affect the business operations, financial condition, and prospects. The company’s 64% revenues are dependent on its top 10 customers. Any inability to maintain such business may hurt its results of operations. The Company has faced penal actions from Banks and
What are the strengths of My Mudra Fincorp Limited IPO?
The company’s strong portfolio and diverse range of products across consumer preferences include secured loans (home loans and loans against property), unsecured loans (business loans and personal loans), Professional loans, credit cards, and recently, insurance products. The company has established strong partnerships with major Banks and NBFCs. These alliances enable it to provide customers with
What is the price band of My Mudra Fincorp Limited IPO?
The price band for My Mudra Fincorp Limited IPO is 110-110. The IPO has closed.
Full Analysis Available
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