eMudhra Limited IPO Message Board (Page 6)

Kyon?

😃

🤣

It may be possible .. 15 % to 20% listing gain.

' Sare Zameen pe ' listing hogi :)

This co. is a subsidiary of 3i infotech. Co. changed its name twice. 3i infotech was a penny stock , trading below 10 Rs.

@svh Sir, where did you get the information?

@ Raju , From RHP
In RHP eMudra clarified it is a subsidiary company of 3i infotech and changed its name twice. 3i was a penny stock trading below 10 Rs. That's why I mentioned listing can be like ' Sare zameen pe ' hogi.

@Monster Zero,
SGX nifty was not gone down and now back to positive inspite nasdaq about 3% down. Hope nifty stays above 16100 tomorrow and coming days 👍

Thanks

IT and technology stocks are mostly correlated with Nasdaq.
Indian IT stocks are already heavily beaten down so not much correction happen from here and may be they will consolidate sideway.

Broader US market is not much down today.

@ Jetha Lal,
Very valid point on Nasdaq, hope the beaten down stocks may recover sooner or later

Thanks

Yeah..but.. hope for best prepare for the worst.

@MRavi Sir
There are four challenges with IT stocks:
1. Due to anticipated US recession top line will be impacted as demand will be muted and won't able to meet earlier guidance given by management. Covid boosted IT demand but recession will impact topline as most of Indian IT revenue comes from USA.
2. Margin of all IT stocks are under pressure because of rising employees cost as significant pay raise happened at all level of IT employees(retention of top talent is biggest challenge because of their high demand) and increased travel as covid restrictions ease and offices also opened.
3. During Covid time IT services demand boosted and it led to re-rating of IT stocks and they started trading at double of their long term average P/E multiple and now due to subpar quarter result, margin pressure and US recession leading to valuation adjustment.
4. High FII stake in IT stocks and as FII are selling heavily so it is also impacting IT stocks.

There are some positives too:
1. Almost all IT stocks are cash rich so they will reward Shareholders through Dividend and Buyback.
2. Long term IT services demand is robust.
3. Recent correction made IT stocks little attractive.

IT Stocks have to run again but before that it will consolidate in range bound (time correction) as price correction already happened.

The problem is with the new members who come only for one issue and never show face again

@arunARUN ji
Agree with you and this is disappointing and irritating when they spam.

This is wrong information. You can watch interviews of founder on Zee Business and he clearly stated that 3i sold this subsidiary in 2009 to some other company and there is no link b/w 3i and eMudhra.

If this new revelation by @ svh "that eMudhra is subsidiary of 3i infotech" is correct, then it gives a totally new dimension to worthiness of this IPO.
Need opinion of experts on this new angle.
🙏🙏🙏

Moneylife digital ipo review dt 20/5/22

Incorporated in 2008 as a wholly-owned subsidiary of 3i Infotech Ltd (3i), eMudhra Ltd (eMudhra) is the largest licensed certifying authority (CA) in India with a market share of 37.9% in the digital signature certificates (DSCs) market space in FY20-21, up from 36.5% in FY19-20. It provides digital trust services (DTS) and enterprise solutions to individuals and organisations functioning in...
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Why everyother company is into real estate, have they not learnt from history?

Absolutely agree.
Economy boom, new businesses, new Companies incorporated, more directors appointed and these all are tailwind for this company.

Amit ji, are you applying in aether?

Wah lic k baad ab isme trap👍

Don't accept mandate

Cautious. Applied 3 retail

Campus me achha profit hua tha islie rainbow & lic mai risk liya..
Venus me aaj decent list hua n allot hua tha so isme risk lena soch rahe..
Bas aese hi abhi dhire dhire kerke risk to chota mota lena hi padega...

That 100% allotment should rather create fear

@arunARUN, Fear is when one enters the unknown territory. Being an IT professional I can understand the business/growth potential of eMudhra. I have applied for 28 lots (1624 shares) and I want full allotment.