The initial public offering (IPO) of digital signature certificates provider eMudhra Ltd saw a decent response from investors as the issue was subscribed 2.72 times. eMudhra IPO received bids for over 3.09 crore shares as compared to 1.14 crore shares on offer.
The portion reserved for Qualified Institutional Buyers (QIBs) received the highest subscription at 4.05 times, while that for retail individual investors was subscribed 2.61 times. Non-Institutional Investors’ quota received 1.28 times subscription, according to the data available on the National Stock Exchange (NSE).
The Rs 412.79-crore eMudhra IPO opened for subscription on May 20 and closed on May 24. The IPO price band was Rs 243 to Rs 256 per share and comprised a fresh issue of shares worth Rs 161 crore and an Offer For Sale (OFS) of 98.35 lakh shares, aggregating up to Rs 251.79 crore, by promoters and existing shareholders.
EMudhra Ltd will finalise the share allotment on May 27, 2022. Check out the important dates and details about the IPO below:
EMudhra IPO – Important Dates & Details
|Issue Opening Date||May 20, 2022|
|Issue Closing Date||May 24, 2022|
|IPO Size||Rs 412.79 crore|
|Price Band||Rs 243 – 256 per share|
|Bid Lot||58 shares and in multiples thereof|
|Face Value||Rs 5 per share|
|IPO Allotment Date||May 27, 2022|
|Initiation of Refunds||May 30, 2022|
|Credit of Shares to Demat||May 31, 2022|
|IPO Listing Date||June 1, 2022|
Documents/details you will require to check EMudhra IPO allotment status:
DP client ID
How to check EMudhra IPO allotment status?
Investors who had bid for the EMudhra IPO can check the IPO allotment status of their application online, through these 2 modes:
The websites of BSE/NSE OR
The registrar – Link Intime India Pvt Ltd
How to check EMudhra IPO allotment status through BSE/NSE website:
Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select ‘Equity’ in ‘Issue Type’
Step 3: Select ‘EMudhra Ltd.’ in the Issue Name
Step 4: Enter the Application Number or PAN
Step 5: Verify and click on ‘I’m not a robot’
Step 6: Click on ‘Search’
How to check EMudhra IPO allotment status through the registrar’s website:
Step 1: Visit https://linkintime.co.in/mipo/ipoallotment.html
Step 2: Select the Query by ‘PAN’, ‘Application No’ Or ’DPID/Client ID’
Step 3: Select ‘EMudhra Ltd.’
Step 4: Enter the PAN, Application number or DPID/Client ID as per the selected option. Finally, click on the ‘Search’ button.
Here’s how a typical IPO allotment search result page will look like:
|Sole/1st Applicant||Rohan Roy|
|Cut off price||256|
|Securities Allotted||Amount Adjusted|
About – EMudhra Ltd
eMudhra Ltd is the largest licensed Certifying Authority in India and provides services like digital signature certificates, individual/organizational certificates, SSL/TLS certificates and device certificates, a portfolio of digital security and paperless transformation solutions, mobile application security, multi-factor authentication, website security testing, IT policy assessment, etc.
eMudhra’s business is divided into two verticles, Digital Trust Services and Enterprise Solutions. It has issued over 50 million digital signature certificates through the network of 88,457 channel partners across India. The company was serving 36,233 retail customers and 563 enterprises as of September 30, 202.
Financials – EMudhra Ltd
EMudhra Ltd has seen consistent growth in its financial performance over the past three years. The company’s net profit rose to Rs 25.36 crore in FY21 from Rs 18.42 crore in FY20. The total revenue increased to Rs 132.45 crore in FY21 as against Rs 116.80 crore in FY20.
For the nine months period ended December 2021, the company posted a net profit of Rs 30.34 crore upon revenue of Rs 138.30 crore.
Management – EMudhra Ltd
Venkatraman Srinivasan is the Promoter and Executive Chairman of eMudhra and has been the Director of the company since its incorporation.
Venu Madhava is the Whole-time Director of the company, and the Senior Vice-President, Legal.
Nandlal Laxminarayan Sarda, Manoj Kunkalienkar, Chandra Lakshminarayan Iyer and Chandrasekar Padmanabhan are the Independent Directors of the company.
Saji K Louiz is the Chief Financial Officer of the company since 2017.