eMudhra IPO date is 20 May 2022. The IPO price band is set at INR243 – 256 per share. The issue comprises of sale of shares worth up to INR161 crore. There is also an OFS by existing shareholders of 9,835,394 equity shares.
Promoters of eMudhra – Venkatraman Srinivasan and Taarav Pte Limited
eMudhra Business Description
The company is the largest licensed Certifying Authority (CA) in India with a market share of 37.9% in the digital signature certificates market space in FY2021, having grown from 36.5% in FY2020. It is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organisations functioning in various industries. As part its Digital Trust Services, the company issues a range of certificates including individual/organizational certificates, SSL/TLS certificates and device certificates (used in IoT use cases) to build a digital trust backbone. Under its Enterprise Solutions vertical, it offers a differentiated portfolio of Digital Security and Paperless Transformation Solutions, complementing our Digital Trust Services business, to customers engaged in different industries.
With more than 50 million digital signature certificates issued since inception, the company caters to all kind of subscribers who use digital signature certificates for income tax return filing, filings with the Ministry of Corporate Affairs (Registrar of Companies), tenders, foreign trade, banking, railways and many other needs. The company works closely with large government and banking customers like the 20+ public and private sector banks and state governments. It has been identified and ranked amongst the ‘20 Most Promising Tech Solution Providers for Government & Public Sector 2019’ by CIO Review India.
The company has a strong digital signature certificate expertise and 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 individual/organization and issue SSL/TLS certificates for website authentication globally.
It has a network of 88,457 channel partners spread across all States and Union Territories in India. Its retail customers grew from 58,872 as of 31 March 2019 to 115, 905 as of 31 March 2021. Its enterprise customers grew from 249 as of 31 March 2019 to 518 as of 31 March 2021.
eMudhra IPO Date, Size & Price Band
| eMudhra IPO Date | 20 – 24 May 2022 |
| IPO Price Band | INR243 – 256 per share |
| Fresh issue | INR161 crore |
| Offer For Sale | 9,835,394 shares (INR239 – 251.79 crore) |
| Total IPO size | INR400 – 412.79 crore |
| Minimum bid (lot size) | 58 shares (INR14,094 – 14,848) |
| Face Value | INR5 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
eMudhra’s Financial Performance
| Â | FY2019 | FY2020 | FY2021 | 9M FY2022 |
| Revenue | 101.7 | 116.8 | 132.4 | 138.3 |
| Expenses | 78.1 | 93.8 | 101.3 | 101.6 |
| Net income | 17.2 | 17.0 | 17.1 | 31.4 |
| Margin (%) | 16.9 | 14.6 | 12.9 | 22.7 |
eMudhra Offer News
eMudhra IPO Timetable
| IPO Opening Date | 20 May 2022 |
| IPO Closing Date | 24 May 2022 |
| Finalisation of Basis of Allotment | 27 May 2022 |
| Initiation of refunds | 30 May 2022 |
| Transfer of shares to demat accounts | 31 May 2022 |
| Listing Date | 1 June 2022 |
| Opening Price on NSE | INR270 per share (up 5.47% from IPO price) |
| Closing Price on NSE | INR257.9 per share (up 0.74% from IPO price) |
eMudhra Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 2.48 | 2.37 | 2.49 | 4.36 |
| PE ratio | – | – | 97.59 – 102.81 | |
| RONW (%) | 23.05 | 18.07 | 16.26 | 21.79 |
| ROCE (%) | 32.6 | 28.1 | 30.5 | 41.5 |
| EBITDA (%) | 31.81 | 27.73 | 31.00 | 36.41 |
| Net Debt/Equity | 0.26 | 0.31 | 0.23 | 0.22 |
| NAV | – | – | 15.30 | 20.02 |
eMudhra IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 31,34,329 | 0.00 | 0.25 | 4.05 |
| NII | 24,69,137 | 0.04 | 0.16 | 1.28 |
| Retail | 57,61,318 | 0.94 | 1.69 | 2.61 |
| Total | 1,13,64,784 | 0.48 | 0.96 | 2.72 |
eMudhra IPO Allotment
eMudhra IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
eMudhra Offer Registrar
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone:Â +91 22 4918 6200
Fax:Â +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
eMudhra Contact Details
eMudhra Limited
Sai Arcade, 3rd Floor,
No. 56 Outer Ring Road,
Devarabeesanahalli,
Bengaluru 560103, Karnatak
Phone: +91 080-4227 5300
E-mail: [email protected]
Website: www.emudhra.com
eMudhra IPO FAQs
When is eMudhra IPO date?
eMudhra IPO date is 20 May 2022 for QIB, NII, and Retail Investors.
What are investors’ portions in eMudhra IPO?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply in eMudhra public offer?
You can apply eMudhra public offer via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is eMudhra IPO Allotment Date?
eMudhra IPO allotment date is 27 May 2022.
What is eMudhra IPO Listing Date?
eMudhra IPO listing date is 1 June 2022.
