eMudhra Limited, India’s most considerable accredited Certifying Authority, is ready to launch an initial public offering (IPO) that would raise around 412 billion rupees. The firm has been granted SEBI permission for the DRHP submitted in November of 2021. The Initial Public Offering (IPO) for eMudhra consists of a Fresh Issue and an Offer for Sale. The eMudhra Limited IPO Review will focus on many facets of the firm and the impending initial public offering.
eMudhra Limited IPO
The IPO for eMudhra is scheduled to begin on May 20, 2022. The firm’s initial public offering (IPO) is expected to bring in 412 crores, comprised of new issuance of 161 crores and an offer for sale of up to 9,835,394 equity shares from the company’s proprietors. Certifying Authority (CA), eMudhra Limited is an Indian CA authorized by the Controller of Certifying Authority (CCA) to issue Digital Signature Certificates. Established in 2008, the company has been active since then.
|Fresh Issue:||Approx ₹161 Crores|
|Offer for Sale:||Approx 9,835,394 Equity Shares|
|Face Value:||₹5 Per Equity Share|
|eMudhra Price Band:||₹243 to ₹256 Per Share|
|eMudhra Listing on:||BSE & NSE|
In 2021, the firm recorded 132 crores in sales, which increased over the previous year’s 117 crores in revenue. The price range for the initial public offering (IPO) has been determined to be 243 to 256 per equity share. Both the NSE and BSE will list the IPO for eMudhra.
eMudhra Limited IPO GMP Today
As part of eMudhra’s IPO, the company will offer new shares with a new issue value up to Rs. 161 crore and offer for sale equity share up to 98,35,394. Through the initial public offering (IPO), many of the company’s early backers and investors will be selling some or all of their shares in the business.
According to the RHP, the business has completed a pre-IPO offering of approximately 1,603,617 equity shares with up to Rs. 39 crore. eMudhra has been provided with the SEBI observation letter, which serves as the organization’s stamp of approval for the Draft Red Herring Prospectus. On May 10, 2022, the business handed in the Red Herring Prospectus that it had prepared to SEBI.
The RHP was the first to announce the significant eMudhra IPO Dates. According to that, the business will start accepting applications for the initial public offering (IPO) on May 10 and continue to do so until May 24. During this time frame, the investors have the opportunity to submit their requests to subscribe to the securities. In addition, on June 1, 2022, eMudhra will begin listing the securities.
eMudhra IPO Allotment Status 2022
On May 27, 2022, the criteria used to allocate shares in the eMudhra initial public offering will be decided. On May 31, 2022, the corporation will deposit the equity shares that subscribers have purchased into their respective Demat accounts.
The shares will only be delivered in their dematerialized form; they will not be sent out in the physical form. On May 30, 2022, the business will go through with initiating refunds for any bids submitted but were ultimately rejected.
eMudhra IPO Competitive Strengths
- The most well recognized and respected certification body in India.
- The business is a one-stop-shop solution provider in secure digital transformation and is well-positioned to capitalize on the favorable market dynamics in India and throughout the world.
- Certifications, accreditations, and participation in international organizations related to technological fields.
- Technology supports infrastructure to keep the quality and security of services and solutions.
- Consumer base that is multifaceted, enduring, and constantly expanding.
- Partnerships with some of the most successful corporate solution partners and channel partners in India and worldwide.
- The seasoned promoter, board of directors, and senior management team all contributed to the venture’s success.
eMudhra Limited is India’s most well recognized licensed Certifying Authority (“CA”). The organization’s business operations may be broken down into two distinct verticals: Enterprise Solutions and Digital Trust Services. eMudhra Limited provides certificates and certificates related to digital signatures, SSL/TLS certificates, and device certificates to individuals and organizations. The company also offers solutions related to digital security and paperless transformation, mobile app security, website security testing, IT policy assessment, and other services.
Microsoft, Mozilla, Apple, and Adobe are the only companies in India directly recognized by leading browser companies and document processing software companies. Businesses and individuals can buy digital identities and obtain SSL/TLS certificates for website authentication. As the only Indian company to be recognized for digital signature certificates, the company has strong expertise in the field.
Through its extensive network of 88,457 channel partners located throughout India, the firm has successfully distributed more than 50 million digital signature certificates. As of September 30, 2021, the firm catered to 36,233 retail consumers and 563 corporate clients.