My Mudra Fincorp IPO Allotment to be Finalised Today: Check Status Online with This Easy Step-by-Step Guide
The My Mudra Fincorp IPO allotment is expected to be finalised today, Tuesday, September 10. Investors who took part in the IPO are eagerly waiting to find out if they have been allotted shares. The ₹33.26 crore IPO, which is entirely a fresh issue of 30.24 lakh shares, opened for subscription on September 5 and closed on September 9. The price range was set between ₹104 and ₹110 per share.
The company’s shares are expected to list on the NSE SME on Thursday, September 12.
The IPO was highly popular, with a total subscription of over 102 times. Investors placed bids for 20.61 crore shares, while only 20.11 lakh shares were on offer. The retail portion of the IPO was subscribed nearly 109 times, and non-institutional investors subscribed to it 159 times.
The funds raised from the IPO will be used by the company to pay off some of its debt, improve its technology and digital infrastructure, and meet general working capital needs.
How to check My Mudra Fincorp IPO allotment status
Investors can check the allotment status on the registrar’s website or the NSE website. Skyline Financial Services Private Ltd is the registrar for the IPO.
Steps to check on Skyline Financial Services website:
- Go to the registrar’s website.
- Select “My Mudra Fincorp IPO” from the menu.
- Choose a mode – by PAN, Demat account, or application number.
- Select “Application Type” – ASBA or non-ASBA.
- Enter the necessary details like your application number, PAN, or Demat Account number.
- Enter the captcha code and click “submit” to see the status.
Steps to check on the NSE website:
- Visit the NSE IPO page: NSE IPO Allotment
- Sign up by providing your PAN details.
- Enter your username, password, and captcha.
- After logging in, you can check your IPO allotment status.
My Mudra Fincorp IPO GMP today
The grey market premium (GMP) for My Mudra Fincorp shares today is ₹41. Based on this, the estimated listing price of the stock is ₹151, which is 37.27% higher than the upper-end price of ₹110 per share.
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