My Mudra Fincorp Confirms Full Utilization of IPO Proceeds for FY2026
My Mudra Fincorp Limited has received confirmation from its statutory auditors regarding the utilization of its Initial Public Offering (IPO) proceeds for the financial year ended March 31, 2026. The audit confirmed that there was no deviation or variation in the manner in which the funds raised were utilized.Statutory Auditors, Sangita Gupta & Associates, verified the information using the company's standalone financial statements and other relevant records. The details were reviewed by the Audit Committee and subsequently approved by the Board of Directors of My Mudra Fincorp Limited.
The auditors provided a detailed breakdown of how the total IPO proceeds were utilized. According to the audit report, the company utilized a total amount of 3326.4 (Rs. in Lakhs).
The detailed breakdown of the utilization of funds, as confirmed by the auditors, is presented below:
| Object of Funds | Amount Disclosed in Offer Documents | Actual Utilized Amount | Unutilized Amount |
|---|---|---|---|
| Repayment of a portion of certain borrowing availed by the Company | 625 | 625 | - |
| Investment in technology development and digital infrastructure | 660 | 660 | - |
| To meet Working Capital requirements | 700 | 700 | - |
| General Corporate Purpose | 812.1 | 812.1 | - |
| Issue related expenses | 529.3 | 529.3 | - |
| Total | 3326.4 | 3326.4 | - |
MYMUDRA Stock Price Movement
On Wednesday, My Mudra Fincorp Limited shares gained 3.56%, finishing the session at ₹77.15. The stock recorded a total volume of 20,400 shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.