eMudhra Limited IPO Message Board (Page 8)

LIC... Results on 30th May.
Dividend also announced. Value will be declared on 30th may

eMudhra IPO: Assessment

- eMudhra has strong brand recognition, decent market share in digital services in India and healthy relationship with channel partners.

- Company is at a good position in growing digital segment. it is one of the largest players in the Indian Digital Trust Services market with a market share of 17.8 per cent. This has been achieved in its existence of just 12 years in the market.

- eMudhra has better brand recognition and stronger channel partner relationship.The company evenly derives it revenues from areas of Digital Trust Services and Enterprise Solutions which have almost an equal share of revenue. .Digital Trust Services is a sticky business, with annual validity period.In Enterprise Solutions it has shown good traction.

- The revenue contribution of the digital products offered under its enterprise solution vertical has consistently grown from Rs 36.18 crore in FY 2019 to Rs 64.34 crore in the FY2021 and further to Rs. 71 cr in 9MFY22. i.e. 38% revenue CAGR.Company’s enterprise solutions are used by 10 out of top 10 banks, 6 of top 10 automotive companies and 19 out of top 20 companies amongst the top 500 ranked companies in India by Economic Times in FY20.The company reported a profit of Rs 25.36 crore in the financial year 2020-21, against a net loss of Rs 18.41 crore in the previous year. Its revenue increased to Rs 132.45 crore from Rs 116.8 crore in this period. Further It clocked a profit of Rs 30.34 crore in 9mFY22 on a revenue of of Rs 138.30 crore.

- The company is being offered at at PE of 44x basis FY22 annualized EPS. It may have worked very well in the bull phase of markets but valuations at this state of market look at the higher end. Thus issue is fully priced, leaving little headroom for further upside based on historical performance.

- eMudhra in an pre-IPO placement allotted 16,03,617 equity shares for a cash price of Rs 243.2 per equity share aggregating Rs 39.0 crore to Baring Private Equity India AIF, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar and Krishna Kumar.

- There are no listed peers for the company. The company is positioned uniquely, for a very rough idea some other companies with unique business like Route mobiles and Tanla Platforms Ltd which are cloud communications providers and thus different business than eMudhra are currently quoting at a PE of 30 & 48 respectively.

- Emudhra is a 200 crore company whereas Route mobiles is a 2000 crore plus revenue company.

- Expansion in USA seems to be kicking in considerable operating leverage.

- There are some bright spots in the eMudhra IPO as it is uniquely positioned in Digital Trust, Security and Paperless Transformation Solutions and it could deliver a reasonable to good performance in medium term.

I may apply in very moderate quantity on Day 3 only if the issue gathers good traction from QIB investors.

good morning everyone kindly suggest should we apply here.. if no listing gains then is it worthy to add for long term in portfolio thanks

Yes, its good for long term considering business model and competitors.

Guys should we go for subscribe in e mudhra ? or skip it? very uncertainty for present ipos.. में अभी क्या करना चाहिए?dear
harit, anantagg, hostpacker, learner SK, eVA, Dinesh Singh, noorul,mravi, arunarun, pkraj, aniket, hostpacker, pRAce, kala kauva ji, eagle ji, owels ji, ipobull, avenue, suneel,lokes, sonal ji, krupaji and all group members।

Avoid

Thanks a lot dear hostpacker.. Noorul, you and Ipobull predicted right of delhivery ipo

Large investors are coming in on Day 1....Apply for listing gains

*A GUY HAD NO TENSION IN LIFE*😌
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THAN ONE DAY HE GOT A DEMAT ACCOUNT OPENED 🧐

AND NOW HE HAS


Tension of war

Tension of global markets

Tension of elections

Tension of currency fluctuations

Tension of company performance

Tension of IPO allotment

Tension of paying income tax

India Pakistan
USA China Taiwan
Russia Ukraine
Iran Iraq
North Korea-South Korea
Syria....... Global Tensions

🤔😨😂😂

Covid bhi

100% correct 😅🤣

Company deals in Cyber Security which is very hot domain now a days. However I have checked on their site about where gartner has mentioned them. "www.emudhra.com/gartner-mentions.jsp" which is also good. However I am from Cyber Security domain but never heard about eMudhra.

Regarding Valuation:
19% share @ 412 Cr so valuation is 2000 crore approx. (.25 billion)
However leaders in same domain which is Verisign is $22.77B approx and GoDaddy $13.16B approx.

And don't forget Indian government.. stabbing knife in the back in form of export duties.
Just when i think 15% fall was okay in metal.
Bloody government decided to make it 26%.
How do these stupid people rise to such financial posts to make such stupid decisions.
The lollipop Rajneeti.

Status of Guru in this forum. Sorry, not the Guru of Share Market.

This forum is not a place to discuss about inflation because inflation is a subject which is difficult to discuss in this forum. To comment on Government here in this forum is also not advisable. We are not the Economists. If wrong words are given, one may put in trouble also.

Retailers wants money from every corner of the wall...

1) Issue open from May 20 to May 24

2) Issue size is 412 cr, (60 % OFS), comprising of lots of 58 shares @ 14,848 per lot

3) Over the last few IPOs, it has been seen that the public participation is not very high, primarily because a lot of new money has already gone into the stock markets

4) With limited supply of funds for new listings, chances are very low for this issue to provide high listing gains

Looks like IPO is getting good traction, I will be applying with a target of 30℅ gain jn 2-3 months

Only first day fake applications , which eventually disappear, are visible as demand uptill now. IPOs are dead, long live IPOs.

The older craze and charm is loosing for ipos.....two main reasons are expensive valuations and new hni rule with 14 lot easy allotment, previously even 1 lot allotment was so tough. So gmp is also very less for most issues....
https://www.topsharebrokers.com/report/live-ipo-gmp/331/?ref=chr

SEBI should do minimum allotment as 1 lot in Small HNI category mainly, so that max people are allotted 1 lot and remaining proportionate if something still left so that multiple people gets allotment and that too only 1 lot.

its wonderful suggestion, but people must have already thought about it, welfare doesn't fit into their schemes/agenda so they brought these new rules with no clarity and data, they could bend any known rule for LIC but for general public there is no time.

good morning should we apply for listing gains

In current condition in secondary market , it will not advisable to apply for listing gains
You might have to hold for long term

Decide on last hour if QIB go over20x

@HARIT THANKS

RateGain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India.
Issue price : 425/
Last traded price : 310/

Here too E mudra company's business model is superb and unique, good promoters but valuations are on higher side. In in this market conditions very scared to apply

Rategain was way more expensively priced, they were loss making. this company atleast has a history of steady and good profit growth that too even during covid years.

GMP looks to be trending between 8-13 based on market sources (but very few trades seem to be happening)

E mudra में अभी क्या करना चाहिए?dear anantagg, hostpacker, learner SK, eVA, Dinesh Singh, noorul,mravi, arunarun, pkraj, aniket, hostpacker, pRAce, kala kauva ji, eagle ji, owels ji, ipobull, avenue, suneel,lokes, sonal ji, krupaji and all group members।

I am skipping

Thanks dear arun.. I also skip

Sorry GMP -10

GMP -25

I will apply 2 retail application
For 3 months holding of target 300 +
Which ever come first

My dear fellow forum members, let us face the reality. With changed HNI conditions, IPO party is practically over. No use flogging the dead horse and live in the past. IPOs now are more about managing to exit at par, rather than making money. Many have already learnt with one or two shocks and more will learn from subsequent shocks. Imagine the contrast, when in good IPO, one HNI will invest about 1 cr to get one or two lots, which he will not be in a hurry to sell, and now an investor with 2/10 lakhs investment, gets about 14 lots for about 2 lakhs. Does he have the capacity/capital to hold such heavy allotment. 99% will be desperate to get out, which brings huge selling pressure and when stock starts falling, everyone rushes to get out. Unless, they change this 14 lots allotment thing into fewer lots say 2-5 for sHNIs and come back to proportional allotment for bHNI, nothing will work for IPOs to have good listing. Better look for another avenues to make money till then.

@ pkraj, well said. All other actions of passtime are ok as long as you don't put your hard earned money on risk for the IPOs and then enjoy the thrill of managing to exit at par, which may also not be the case always. A well thought out decision on very few exceptional IPOs is a different matter, but to apply in majority of the IPOs out of addiction like before, has the potential to seriously dent the finances of individuals. Though extreme caution is the watchword, but still I wish 'all the best' to those who think otherwise. May you all enjoy good gains on all your investments.

I completely disagree with your point @Trueinfo.
Currently, we are seeing lackluster listings due to a downfall in secondary markets. People are scared to put their money in markets. As the cycle turns, there will be bumper listings in the primary market issues also.

The best part is if you're able to get HNI allotment in one good IPO, it is equivalent to getting an allotment in 14 good IPOs. I'm very happy with the current rules. I am waiting like a cheetah for that one good IPO and as soon as it comes, I will apply with full force just like I did in campus.

About fake system:
https://in.investing.com/news/creaming-the-system--the-prudent-way-3210608

Wow - the numbers on the article are staggering. Hope appropriate action is taken soon. :/

Sebi should investigate this. Also how was issue priced at upper end of price band when it was not fully aubacribed.