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eMudhra IPO is a book build issue of ₹412.79 crores. The issue is a combination of fresh issue of 0.63 crore shares aggregating to ₹161.00 crores and offer for sale of 0.98 crore shares aggregating to ₹251.79 crores.
eMudhra IPO bidding started from May 20, 2022 and ended on May 24, 2022. The allotment for eMudhra IPO was finalized on May 27, 2022. The shares got listed on BSE, NSE on Jun 1, 2022.
eMudhra IPO price band is set at ₹256.00 per share . The lot size for an application is 58. The minimum amount of investment required by an retail is ₹14,094 (58 shares). The lot size investment for sNII is 14 lots (812 shares), amounting to ₹2,07,872, and for bNII, it is 68 lots (3,944 shares), amounting to ₹10,09,664.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to eMudhra IPO RHP for detailed Information.
| IPO Date | May 20, 2022 to May 24, 2022 |
| Listing Date | June 1, 2022 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹243 to ₹256 per share |
| Issue Price Final | ₹256 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,61,24,456 shares (aggregating up to ₹412.79 Cr) |
| Fresh Issue | 62,89,062 shares (aggregating up to ₹161.00 Cr) |
| Offer for Sale | 98,35,394 shares of ₹5 (aggregating up to ₹251.79 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,17,83,309 shares |
| Share Holding Post Issue | 7,80,72,371 shares |
eMudhra IPO offers total 1,61,24,456 shares. Out of which 80,62,227 (50.00%) allocated to QIB, 32,24,891 (20.00%) allocated to QIB, 24,18,669 (15.00%) allocated to NII, 56,43,560 (35.00%) allocated to RII and 48,37,336 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 80,62,227 (50.00%) | NA |
| − Anchor Investor Shares Offered | 48,37,336 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 32,24,891 (20.00%) | NA |
| NII (HNI) Shares Offered | 24,18,669 (15.00%) | NA |
| − bNII > ₹10L | 16,12,446 (10.00%) | 1,985 |
| − sNII < ₹10L | 8,06,223 (5.00%) | 992 |
| Retail Shares Offered | 56,43,560 (35.00%) | 97,302 |
| Total Shares Offered | 1,61,24,456 (100.00%) |
eMudhra IPO raises ₹123.84 crore from anchor investors. eMudhra IPO Anchor bid date is May 19, 2022. eMudhra IPO Anchor Investors list
| Bid Date | May 19, 2022 |
| Shares Offered | 48,37,336 |
| Anchor Portion Size (In Cr.) | 123.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 26, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 25, 2022 |
eMudhra IPO opens on May 20, 2022, and closes on May 24, 2022.
| IPO Open Date | Fri, May 20, 2022 |
| IPO Close Date | Tue, May 24, 2022 |
| Tentative Allotment | Fri, May 27, 2022 |
| Initiation of Refunds | Mon, May 30, 2022 |
| Credit of Shares to Demat | Tue, May 31, 2022 |
| Tentative Listing Date | Wed, Jun 1, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 24, 2022 |
Investors can bid for a minimum of 58 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,848 |
| Retail (Max) | 13 | 754 | ₹1,93,024 |
| S-HNI (Min) | 14 | 812 | ₹2,07,872 |
| S-HNI (Max) | 67 | 3,886 | ₹9,94,816 |
| B-HNI (Min) | 68 | 3,944 | ₹10,09,664 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
eMudhra Limited is India's largest licenced Certifying Authority ("CA"). The company's business is divided into two verticles Digital Trust Services and Enterprise Solutions. eMudhra Limited is engaged in the business of providing services like individual/organizational certificates, digital signature certificates, SSL/TLS certificates and device certificates, a portfolio of digital security and paperless transformation solutions, multi-factor authentication, mobile application security, website security testing, IT policy assessment, etc.
The company has strong digital signature certificate expertise and is the only Indian company to be directly recognised by renowned browsers and document processing software companies such as Microsoft, Mozilla, Apple, and Adobe, allowing it to sell digital identities to individuals and organisations worldwide and issue SSL/TLS certificates for website authentication.
The company has issued over 50 million digital signature certificates through the network of 88,457 channel partners spread across India. As of September 30, 2021, the company is serving 36,233 retail customers and 563 enterprises.
As of September 30, 2021, eMudhra's Enterprise Solutions are used by the top 10 banks, 6 top automotive companies and 19 top companies amongst the top 500 ranked companies in India by Economic Times in Financial Year 2020.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 2,541.11 | 1,919.14 | 1,587.11 | 1,195.15 | |
| Total Revenue | 1,383.04 | 1,324.54 | 1,167.99 | 1,016.80 | |
| Profit After Tax | 303.40 | 253.59 | 184.16 | 174.36 | |
The market capitalization of eMudhra IPO is ₹1998.65 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 49.42 |
The Net Proceeds from the Fresh Issue are proposed to be utilized by the Company for the following objects:
[Dilip Davda] EML is posting growth in its top and bottom lines with a gradually rising market share. List of its blue-chip clientele, it is poised for bright prospects ahead. However, as informed by the management, the company is operating in a highly competitive segment. The issue is fully priced based on its financial track records so far. Investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | June 1, 2022 |
| BSE Script Code | 543533 |
| NSE Symbol | EMUDHRA |
| ISIN | INE01QM01018 |
| Final Issue Price | ₹256 per share |
| BSE Listing Group | B |
eMudhra Ltd.
Sai Arcade, 3rd Floor,
No. 56 Outer Ring Road, Devarabeesanahalli,
Bengaluru 560103,
Bengaluru, Karnataka
Phone: 080-4227 5300
Email: companysecretary@emudhra.com
Website: https://www.emudhra.com/index.jsp
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: emudhra.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
eMudhra IPO is a main-board IPO of 1,61,24,456 equity shares of the face value of ₹5 aggregating up to ₹412.79 Crores. The issue is priced at ₹256 per share. The minimum order quantity is 58.
The IPO opens on May 20, 2022, and closes on May 24, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in eMudhra IPO using UPI as a payment gateway. Zerodha customers can apply in eMudhra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in eMudhra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The eMudhra IPO opens on May 20, 2022 and closes on May 24, 2022.
eMudhra IPO lot size is 58, and the minimum amount required for application is ₹14,848.
You can apply in eMudhra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for eMudhra IPO will be done on Friday, May 27, 2022, and the allotted shares will be credited to your demat account by Tuesday, May 31, 2022. Check the eMudhra IPO allotment status.
The eMudhra IPO listing date is on Wednesday, June 1, 2022.
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