eMudhra IPO analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 21 Years
eMudhra IPO Guidance : Click
eMudhra Grey Market News Today #
On 28 May 2022 @ 6.00 pm
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eMudhra IPO Subscription Trend
On 24.05.2022 @ 5.00 pm ( Day 3)
QIB : 3134,329 Sh : 4.05 T
NII : 24,69,137 Sh : 1.28 T
RII : 5761318 Sh : 2.61 T
Tot: 11364,784 Sh : 2.72 T
eMudhra Company Details
eMudhra is 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 having grown from 36.5% in Financial Year 2020. 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, it 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.
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. eMudhra has been identified and ranked amongst the ‘20 Most Promising Tech Solution Providers for Government & Public Sector 2019’ by CIO Review India.
Our 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
The company has network of 88,457 channel partners spread across all States and Union Territories in India.
Some of the qualitative factors are:
1. Largest licensed Certifying Authority in India.
2. It is a one stop shop solution provider in secure digital transformation and are well-positioned to capture the favourable industry dynamics in India and globally,
3. Technology certifications, accreditations and membership in international bodies.
4. Technology backed infrastructure to support quality and security of services and solutions.
5. Diverse, longstanding and growing customer base.
6. Partnerships with leading Indian and global channel partners and enterprise solution partners.
7. Experienced promoter, board of directors and senior management team
for more information, click : www.emudhra.com
The promoters of eMudhra
Venkatraman Srinivasan & Taarav Pte ltd
eMudhra IPO Main Objects
The Offer comprises of the fresh issue & Offer for Sale
The Company proposes to utilise the Net Proceeds towards
1. Repayment or pre-payment of certain borrowings
2. Funding working capital requirements
3. Purchase of equipments 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
eMudhra IPO Details
Anchor Investors bidding : 19 May 2022
IPO opens on 20 May, 2022
IPO closes on 24 May,2022
Issue Type: Book Built Issue IPO
Issue : up to 161,24,457 Shares /Rs 412.79 Crore
* Fresh Issue of 6289063 Sh/ Rs. 161 Cr
* Offer for Sale of 9835394 Sh/ Rs.251.79 Cr.
Face Value per share : Rs. 5
eMudhra IPO Price Band Per Equity Share: Rs. 243 to 256
eMudhra IPO Retail Lot Size 58 Shares
eMudhra Listing will at BSE,NSE
Shares offered to
QIB (50%) 8062,229 Shares = Rs 206.39 Cr
NII (15%) 2418,668 Shares = Rs 61.92 Crs
RII (35%) 5643560 Shares = Rs 144.48 Crs
Lot size: 58 Shares = 97302 Forms
Min Retail Application : 58 Sh , Rs. 14848
Max Retail Application : 754 Sh, Rs 193,024
eMudhra IPO Tentative timeTable
Allotment on 27 May 2022
Unblocking of ASBA 30 May 2022
Credit to Demat Accounts 31 May 2022
Listing on 1 June 2022
eMudhra IPO Financial Details :
Earnings per Share 2019-20 Rs 2.37
Earnings per Share 2020-21,Rs 2.49
Earnings per Share 2021-22 9M Rs 4.36
Annualised Estimated EPS 21-22: 5.81
Return on Net Worth: 19-20 18.07 %
Return on Net Worth: 20-21: 16.26 %
Return on Net Worth: 20-21 6M: 15.51 %
Book Value of the Share as on 31.12.2021 Rs 20.02
Book Value After the IPO @ cap price : Rs.43.61
Upper Price Band/last EPS: 44.04
Upper offer price/Book Value Ratio: 12.78
Upper Price/ BV after the IPO : 5.87
Equity Shares prior to the IPO : 70,179,692
Equity Shares after the IPO : 76468755
eMudhra IPO Peer Comparison:
There are no listed companies in India that are engaged in a business similar to that of
eMudhra IPO Lead Managers
IIFL Securities, Yes Securities, Indorient Financial Services
Registrar to eMudhra IPO
Linkintime India pvt ltd.
Registered Office of eMudhra
Sai Arcade, 3rd Floor, No. 56 Outer Ring Road, Devarabeesanahalli, Bengaluru 560103,
Company Secretary and Compliance Officer : Johnson Xavier
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