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eMudhra IPO is a book built issue of Rs 412.79 crores. The issue comprises of fresh issue of Rs 161.00 crore and offer for sale of 0.98 crore shares.
eMudhra IPO bidding started from May 20, 2022 and ended on May 24, 2022. The allotment for eMudhra IPO was finalized on Friday, May 27, 2022. The shares got listed on BSE, NSE on June 1, 2022.
eMudhra IPO price band is set at ₹243 to ₹256 per share. The minimum lot size for an application is 58 Shares. The minimum amount of investment required by retail investors is ₹14,848.
Iifl Securities Ltd, Yes Securities (India) Limited and Indorient Financial Services Ltd are the book running lead managers of the eMudhra IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to eMudhra IPO RHP for detailed information.
| IPO Date | May 20, 2022 to May 24, 2022 |
| Listing Date | June 1, 2022 |
| Face Value | ₹5 per share |
| Price Band | ₹243 to ₹256 per share |
| Lot Size | 58 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹412.79 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹161.00 Cr) |
| Offer for Sale | 9,835,394 shares of ₹5 (aggregating up to ₹251.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 71,783,309 |
| Share holding post issue | 78,072,371 |
eMudhra IPO offers 11,364,784 shares. 3,134,329 (27.58%) to QIB, 2,469,137 (21.73%) to NII, 5,761,318 (50.69%) to RII. 99,333 RIIs will receive minimum 58 shares and (sNII) and (bNII) will receive minimum 812 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,134,329 (27.58%) | NA |
| NII (HNI) Shares Offered | 2,469,137 (21.73%) | |
| Retail Shares Offered | 5,761,318 (50.69%) | 99,333 |
| Total Shares Offered | 11,364,784 (100%) |
eMudhra IPO opens on May 20, 2022, and closes on May 24, 2022.
| IPO Open Date | Friday, May 20, 2022 |
| IPO Close Date | Tuesday, May 24, 2022 |
| Basis of Allotment | Friday, May 27, 2022 |
| Initiation of Refunds | Monday, May 30, 2022 |
| Credit of Shares to Demat | Tuesday, May 31, 2022 |
| Listing Date | Wednesday, June 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 24, 2022 |
Investors can bid for a minimum of 58 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 754 | ₹193,024 |
| Lot Size Calculator | |||
Venkatraman Srinivasan and Taarav Pte. Limited are the company promoters.
| Share Holding Pre Issue | 79.19% |
| Share Holding Post Issue | 61.03% |
eMudhra Limited is India's largest licenced Certifying Authority ("CA"). The company's business is divided into two verticles Digital Trust Services and Enterprise Solutions. eMudhra Limited is engaged in the business of providing services like individual/organizational certificates, digital signature certificates, SSL/TLS certificates and device certificates, a portfolio of digital security and paperless transformation solutions, multi-factor authentication, mobile application security, website security testing, IT policy assessment, etc.
The company has strong digital signature certificate expertise and is the only Indian company to be directly recognised by renowned browsers and document processing software companies such as Microsoft, Mozilla, Apple, and Adobe, allowing it to sell digital identities to individuals and organisations worldwide and issue SSL/TLS certificates for website authentication.
The company has issued over 50 million digital signature certificates through the network of 88,457 channel partners spread across India. As of September 30, 2021, the company is serving 36,233 retail customers and 563 enterprises.
As of September 30, 2021, eMudhra's Enterprise Solutions are used by the top 10 banks, 6 top automotive companies and 19 top companies amongst the top 500 ranked companies in India by Economic Times in Financial Year 2020.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 2,541.11 | 1,919.14 | 1,587.11 | 1,195.15 | |
| Total Revenue | 1,383.04 | 1,324.54 | 1,167.99 | 1,016.80 | |
| Profit After Tax | 303.40 | 253.59 | 184.16 | 174.36 | |
The market capitalization of eMudhra IPO is Rs 1998.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 49.42 |
The Net Proceeds from the Fresh Issue are proposed to be utilized by the Company for the following objects:
[Dilip Davda] EML is posting growth in its top and bottom lines with a gradually rising market share. List of its blue-chip clientele, it is poised for bright prospects ahead. However, as informed by the management, the company is operating in a highly competitive segment. The issue is fully priced based on its financial track records so far. Investors may consider an investment with a long term perspective. Read detail review...
The eMudhra IPO is subscribed 2.72 times on May 24, 2022 5:00:00 PM. The public issue subscribed 2.61 times in the retail category, 4.05 times in the QIB category, and 1.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.05 |
| NII | 1.28 |
| Retail | 2.61 |
| Total | 2.72 |
| Listing Date | June 1, 2022 |
| BSE Script Code | 543533 |
| NSE Symbol | EMUDHRA |
| ISIN | INE01QM01018 |
| Final Issue Price | ₹256 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹256.00 |
| ₹271.00 |
| ₹255.40 |
| ₹279.00 |
| ₹258.85 |
| NSE |
|---|
| ₹256.00 |
| ₹270.00 |
| ₹256.00 |
| ₹279.00 |
| ₹257.90 |
eMudhra Limited
Sai Arcade, 3rd Floor,
No. 56 Outer Ring Road, Devarabeesanahalli,
Bengaluru 560103,
Phone: 080-4227 5300
Email: companysecretary@emudhra.com
Website: https://www.emudhra.com/index.jsp
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: emudhra.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
eMudhra IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹412.79 Crores. The issue is priced at ₹243 to ₹256 per share. The minimum order quantity is 58 Shares.
The IPO opens on May 20, 2022, and closes on May 24, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in eMudhra IPO using UPI as a payment gateway. Zerodha customers can apply in eMudhra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in eMudhra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The eMudhra IPO opens on May 20, 2022 and closes on May 24, 2022.
eMudhra IPO lot size is 58 Shares, and the minimum amount required is ₹14,848.
You can apply in eMudhra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for eMudhra IPO will be done on Friday, May 27, 2022, and the allotted shares will be credited to your demat account by Tuesday, May 31, 2022. Check the eMudhra IPO allotment status.
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