The My Mudra Fincorp Initial Public Offering (IPO) has created a lot of buzz. After a successful subscription period, investors who took part in this IPO are eagerly awaiting news about their share allotment. The allotment process and how to check if you’ve received shares.
The My Mudra Fincorp IPO, worth ₹33.26 crore, involved issuing 30.24 lakh new shares. It was open for subscription from September 5 to September 9, with a price range set between ₹104 and ₹110 per share. The IPO was highly anticipated and saw a significant response from investors.
Subscription Details
The My Mudra Fincorp IPO was oversubscribed by more than 102 times. This means that the number of shares requested was far higher than those available. Specifically:
- Retail investors, who buy shares in small quantities, subscribed nearly 109 times. They put in bids for 10.94 crore shares against the 10.1 lakh shares available for them.
- Non-institutional buyers, who include high-net-worth individuals and companies, subscribed 159 times, bidding for 6.87 crore shares against the 4.31 lakh shares offered.
With such high demand, it’s essential for investors to check their allotment status to see if they were successful in getting shares.
Checking Your Allotment Status
If you participated in the My Mudra Fincorp IPO, here’s how you can find out if you’ve been allotted shares:
1. On the Registrar’s Website:
Skyline Financial Services Private Ltd is handling the allotment process for this IPO. To check your status, please follow these steps:
- Visit the Registrar’s Website: Go to the Skyline Financial Services website.
- Select My Mudra Fincorp IPO: Find the IPO section on the website and select My Mudra Fincorp from the list.
- Choose Your Check Method: You can check using your PAN number, Demat account number, or application number.
- Enter Required Information: Provide the necessary details such as your application number, PAN, or Demat account number.
- Complete Verification: Enter the captcha code to verify that you are not a robot.
- Submit and Check: Click the submit button to view your allotment status.
2. On the NSE Website:
You can also check your allotment status on the National Stock Exchange (NSE) website. Here’s how:
- Visit the NSE Website: Go to the official NSE IPO page here.
- Register: Click on the ‘Click here to sign up’ option and enter your PAN.
- Log In: Enter your username, password, and captcha code.
- Verify Status: After logging in, you can check your IPO allocation status.
Once the allotment is finalized, successful applicants will see details about the number of shares they have been allotted. The listing date for My Mudra Fincorp’s shares is expected to be September 12, when the shares will begin trading on the NSE SME platform.
If you were not allotted any shares, don’t worry. The money you paid for your application will be refunded to your bank account within a few days.
As of today, My Mudra Fincorp’s shares are trading at a premium of ₹41 in the grey market. This means that the shares are expected to be listed at around ₹151, which is a 37.27% increase from the upper end of the IPO price range (₹110).
By following these steps, investors can easily check their My Mudra Fincorp IPO allotment status. Make sure to stay updated with the latest information to manage your investment effectively.