eMudhra Limited has come up with an initial public offer (IPO). It will open on May 20-24, 2022 at Rs.243-256 a share. The IPO issue size is around Rs.412.79 crore. The minimum bid will be for 58 shares and in its multiples thereafter.
eMudhra Limited was incorporated on June 16, 2008. It is the largest licensed Certifying Authority in India with a market share of 37.9% in the digital signature certificates market space. It provides Digital Trust Services and Enterprise Solutions to individuals and organizations functioning in various industries. Company issues a range of certificates including individual/organizational certificates, SSL/TLS certificates and device certificates, Digital Security, and Paperless Transformation Solutions. Moreover, it is a ‘one-stop shop’ player in secure digital transformation. The company has issued more than 50 million digital signature certificates for income tax return filing, filings with the Ministry of Corporate Affairs, tenders, foreign trade, banking, railways, and many other needs. Importantly, It is the only Indian company to be admitted as a member of the European Cloud Signature Consortium as well as Certifying Authority / Browser Forum.
Also, It is the only Indian company to be directly recognized by renowned browsers and document processing software companies such as Microsoft, Mozilla, Apple, and Adobe allowing it to sell digital identities to individuals/organizations and issue SSL/TLS certificates for website authentication globally. Besides, It has a network of 88,457 channel partners spread across all States and Union Territories in India. Furthermore, it caters to 136,233 retail customers and 563 enterprises.
Website – https://www.emudhra.com
|Venkatraman Srinivasan- 43.33%||Taarav Pte Limited – 26.16%|
|Pre-Issue Shareholding – 84.47%||Post-Issue Shareholding –|
Strength & Weakness
|Largest licensed Certifying Authority in India||Limited operation history|
|One-stop-shop solution provider in secure digital transformation||Company is involved in certain legal proceedings|
|Technology certifications, accreditations, and membership in international bodies||Dependent on one partner for a significant portion of revenue|
|Technology backed infrastructure||Significant competition|
|Diverse, long and growing customer base||Negative cash flow in the past|
|Leading Indian and global channel partners||Highly dependent on technology|
|Experienced management team||Business is seasonal in nature|
|There are no listed competitor companies in India|
|Year||Revenue (in Crore)||Profit (in Crore)|
Object of Issue
1) Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company.
2) Funding working capital requirements of our Company.
3) Purchase of equipment and funding of other related costs for data centers proposed to be set up in India and overseas locations.
4) Funding of expenditure relating to product development.
5) Investment in eMudhra INC for augmenting its business development, sales, marketing, and other related costs for future growth.
6) General corporate purposes.
eMudhra Limited IPO Lot Size
eMudhra Limited IPO details
|IPO Opening Date||May 20, 2022|
|IPO Closing Date||May 24, 2022|
|Face Value||Rs.5 per Equity Share|
|IPO Price||Rs.243-256 per share|
|Market Lot||58 shares|
|Minimum Order Quantity||58 shares|
|Listing At||NSE, BSE|
|No. of shares offered||98,35,394 shares|
|Issue Size||Up to Rs.412.79 Crore|
|QIB Shares Offered||50% of the offer|
|Retail Shares Offered||35% of the offer|
|NII/HNI Shares Offered||15% of the offer|
eMudhra Limited IPO Timetable
|IPO Date||May 20-24, 2022|
|Allotment Date||May 27, 2022|
|Initiation of Refunds||May 30, 2022|
|Credit of share to Demat a/c||May 31, 2022|
|IPO Listing Date||June 1, 2022|
Link Intime – https://linkintime.co.in/mipo/ipoallotment.html
Book Lead Managers
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