About eMudhra
eMudhra is the largest Digital signature certificate provider in India with a market share of 37.9 per cent in the digital signature certificates market space in financial year 2021 and 36.5 per cent market space in Financial Year 2020. eMudhra is the only Indian company to be recognised by browsers and document processing software companies such as Microsoft-Edge, Mozilla-Firefox, Apple-Safari, and Adobe. They also issue SSL/TLS certificates for website authentication.
The company provides Digital Trust Services and Enterprise Solutions for various individuals and organizations. the company has issued more than 50 million digital signature certificates.
Some of its customers include Infosys , Tata Consultancy Services, Mashreq Bank, Baud Telecom Company, Cholamandalam, MS General Insurance Company and Bharti AXA Life Insurance Company.
Objects of the eMudhra IPO Issue
- For prepayment or repayment of debt
- Support working capital requirements
- Purchase equipment and pay for other related costs for data centres proposed to be set up in India and overseas locations
- Invest back into Emudhra for sales, market development and any future costs.
- General corporate purposes
eMudhra IPO Details, Market Lot
The IPO consists of a fresh issue worth Rs.200 crore and an OFS of up to 8,510,638 equity shares.
| eMudhra IPO Details | |
| IPO Open Date | 20 May 2022 |
| IPO Close Date | 24 May 2022 |
| IPO Issue Type | Book Built Issue |
| IPO Issue Size | Aggregating up to ₹412.79 Cr |
| Fresh Issue | Aggregating up to ₹161.00 Cr |
| Offer for Sale | 9,835,394 equity shares of ₹5, Aggregating up to ₹251.79 Cr |
| Face Value | ₹5 per equity share |
| IPO Price Band | ₹243 to ₹256 per equity share |
| Retail Portion | Not less than 35% of the Offer |
| NII Portion | Not less than 15% of the Offer |
| QIB Portion | Not more than 50% of the Offer |
| Employee Discount | — |
| eMudhra IPO Market Lot | |
| No. of Shares Per Lot | 58 equity shares |
| Minimum Lot Size | 1 Lot of 58 equity shares |
| Maximum Lot Size | 13 Lot of 754 equity shares |
| Minimum Amount (Cut-off price) | ₹14,848 |
| Maximum Amount (Cut-off price) | ₹193,024 |
eMudhra IPO Date, Time-Table
| eMudhra Time Table (Tentative) | |
| IPO Open Date | 20 May 2022 |
| IPO Close Date | 24 May 2022 |
| Basis of Allotment Date | 27 May 2022 |
| Initiation of Refunds | 30 May 2022 |
| Credit of Share to Demat Account | 31 May 2022 |
| IPO Listing Date | 1 June 2022 |
eMudhra Financial Report
| Year | Total Assets (₹ in Millions) | Total Revenue (₹ in Millions) | Profit After Tax (₹ in Millions) | |
| 31 December 2021 | 2,541.11 | 1,383.04 | 303.40 | |
| 31 March 2021 | 1,919.14 | 1,324.54 | 253.59 | |
| 31 March 2020 | 1,587.11 | 1,167.99 | 184.16 | |
| 31 March 2019 |
| 1,016.80 | 174.36 |
| eMudhra Contact Details |
| REGISTERED OFFICE & CORPORATE OFFICE Sai Arcade, 3rd Floor, No. 56 Outer Ring Road, Devarabeesanahalli, Bengaluru 560103, Karnataka.
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| eMudhra IPO Prospectus |
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| eMudhra IPO Registrar |
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| eMudhra IPO Lead Manager |
IIFL Securities, Yes Securities and Indorient Financial Services are the book running lead managers for the issue.
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| eMudhra IPO Review |
| Investor may apply for eMudhra IPO |