Let’s have a detailed review of the company and analytics of the eMudhra IPO release date, IPO offer price, subscription, eMudhra Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 5
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 2000 Million
IPO SizeRs Million
Tick Size1

eMudhra IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


eMudhra IPO – Summary

eMudhra IPOThey are the largest licensed Certifying Authority (“Certifying Authority” or “CA”) in India with a market share of 37.9% in the digital signature certificates market space in Financial Year 2021 has grown from 36.5% in Financial Year 2020. They are engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organizations functioning in various industries.

Under their Enterprise Solutions vertical, they offer a differentiated portfolio of Digital Security and Paperless Transformation Solutions, complementing their Digital Trust Services business, to customers engaged in different industries, thereby making their Company a ‘one-stop shop’ player in secure digital transformation to provide a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions.

The Promoter of this company is VENKATRAMAN SRINIVASAN AND TAARAV PTE. LIMITED. The lead manager to the issue is IIFL Securities Limited, YES Securities (India) Limited, and Indorient Financial Services Limited, and the Registrar to this issue is Link Intime India Private Limited.


eMudhra IPO Date

The opening and the closing date of the eMudhra IPO are not available yet.

Check out Related IPO Links:

eMudhra IPO GMP
Allotment – eMudhra IPO

eMudhra IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check eMudhra IPO LIVE Subscription

  • eMudhra IPO LIVE Bid details on BSE
  • eMudhra IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


eMudhra IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

eMudhra Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

eMudhra IPO Price

The face value of each share is Rs.5, but the price band of the IPO is Rs.[●] 


eMudhra IPO Size

This Initial Public Issue of X Equity Shares of Rs.5 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


eMudhra IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.5/ each.

Issue Size: X Equity Shares of Rs.5 each, aggregating to Rs.[●] Million


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    eMudhra IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – eMudhra Share Price

    eMudhra IPO Grey Market Premium

    The eMudhra Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    eMudhra IPO – Company Overview

    With more than 50 million digital signature certificates issued since inception, their Company caters to all kinds 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.

    Their Company works closely with large government and banking customers like the 20+ public and private sector banks and state governments. They have been identified and ranked amongst the ‘20 Most Promising Tech Solution Providers for Government & Public Sector 2019’ by CIO Review India.

    They are the only Indian company to be admitted as a member of the European Cloud Signature Consortium as well as Certifying Authority / Browser Forum, a global forum that governs the use of SSL/TLS certificates and to is accredited to Webtrust, which makes their digital signature certificates directly recognized by browsers across the world allowing them to issue digital signature certificates in many countries.

    Further, since the inception of their business, they have issued over 50 million digital signature certificates through their network of 88,457 channel partners spread across all States and Union Territories in India.


    eMudhra IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Total Assets2,382.721,919.141,587.111,195.15
    *Total Revenue934.531,324.541,167.991,016.80
    Total Expense695.251,012.74937.81781.34
    Profit After Tax199.24253.59184.16174.36

    Earnings per Equity Share (in Million)

    30-Sep-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted2.842.492.372.48

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 253.59 Million, Rs. 184.16 Million, and Rs. 174.36 Million respectively.


    eMudhra IPO – Promoters

    The Promoter of this company is:

    1. VENKATRAMAN SRINIVASAN
    2. TAARAV PTE. LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Venkatraman Srinivasan, Executive Chairman
    • Venu Madhava, Whole-time Director
    • Nandlal Laxminarayan Sarda, Independent Director
    • Manoj Kunkalienkar, Independent Director
    • Chandra Lakshminarayan Iyer, Independent Director
    • Chandrasekar Padmanabhan, Independent Director

    eMudhra IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    eMudhra IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue70,179,692 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    eMudhra IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment or pre-payment, in full or in part, of all or certain borrowings availed by their Company
    2. Funding working capital requirements of their 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 IPO – Business Strategy

    • Capitalize on industry opportunities in India and maintain leadership in the Indian Trust Services market and as a ‘one-stop shop’ player in secure digital transformation
    • Leveraging their existing data center infrastructure and setting up new data centers in overseas locations
    • Enhance solution offerings to tap growing needs of digital transformation
    • Grow presence in overseas markets
    • Expand share of revenues among existing customers and broaden their partner network and customer base

    eMudhra IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Largest licensed Certifying Authority in India.
    • They are a one stop shop solution provider in secure digital transformation and are well-positioned to capture the favorable industry dynamics in India and globally,
    • Technology certifications, accreditations, and membership in international bodies.
    • Technology backed infrastructure to support quality and security of services and solutions.
    • Diverse, longstanding, and growing customer base.
    • Partnerships with leading Indian and global channel partners and enterprise solution partners.
    • Experienced promoter, board of directors, and senior management team.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    30-Sep-212.8415.51
    31-Mar-212.4916.2615.30
    Mar-202.3718.07
    31-Mar-192.4823.05

    eMudhra IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    eMudhra Limited5[●]2.8415.51934.53
    Listed Peers
    NA

    eMudhra IPO Lead Managers

    Lead Managers

    IIFL Securities Limited

    YES Securities (India) Limited

    Indorient Financial Services Limited

    eMudhra IPO Registrar to offer

    Registrar to the Offer
    Link Intime India Private Limited
    C-101, 1st Floor, 247 Park
    L.B.S Marg,
    Vikhroli West
    Mumbai 400 083
    Maharashtra, India
    Tel: +91 (22) 4918 6200
    E-mail: emudhra.ipo@linkintime.co.in
    Investor grievance e-mail:
    emudhra.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact person: Shanti Gopalkrishnan
    SEBI registration No.: INR000004058

    eMudhra IPO – Other Details

    • Statutory Auditor – Manohar Chowdhry & Associates, Chartered Accountants
    • Legal Counsel to the Company – AZB & Partners
    • Bankers to the Company –  Kotak Mahindra Bank Limited


    eMudhra IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      eMudhra Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      eMudhra IPO Review FAQs

      Ques – What is the Issue Size of eMudhra IPO?

      Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of eMudhra IPO?

      Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.

      Ques – What is the eMudhra IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      Ques – What is the eMudhra IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the eMudhra IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Ques – Who is the Registrar of eMudhra IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of eMudhra IPO?

      Answer – Here are the promoters of this IPO – VENKATRAMAN SRINIVASAN AND TAARAV PTE. LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of eMudhra IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is eMudhra IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of eMudhra Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 253.59, 2020 is 184.16, 2019 is 174.36. PAT from Sep 2021 is 199.24.


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