eMudhra Limited IPO

eMudhra Limited IPO

Company Profile 

eMudhra Ltd. is the country’s largest License Certifying Authority based out in Bengaluru with its main functionality into two verticals namely, Digital Trust Services & Enterprise Solutions. After the strong R&D, the company has built its solutions to leverage digital identity, trust, and integrate AI in providing a great customer experience, saving cost, and strengthening security & governance. 

It started its business in the year 2008, serving the customers with individual/organizational certificates, digital signature certificates, device certificates, IT policy assessment, mobile application security, etc. EMudhra has also attained recognition by the big firms in the country for selling digital identities to organizations & individuals and has issued SSL/TLS certificates for website authentication. 

Business Information

eMudhra holds the market share of 37.9% in the Digital Signature Certificates in the FY2021. As of September 2021, the company’s solutions are used by the top 10 banks of the country, 6 top-most automotive companies, and 19 companies that were ranked in the top 500 companies list by ET in the FY2020. Till September 2021, the company issued 50 million digital signature certificates via 88,457 channel partners in & across India. Further, the company has a retailer base of 36,233, and 563 enterprises are associated with it.

Facts about the Company
  • The word mudrā has its origin in Sanskrit and is a symbolic gesture that represents an "energetic seal of authenticity".
  • The company’s FY 2021 growth came at 19.6% (based on its financial reporting) whereas the market average at the OEM level was 15.1%.
  • The company works with Banks & Governments across the globe to assist them in their paperless transition journey.
  • The company’s services are used by approximately 21 countries so far.
Points to note before investing in eMudhra Ltd. IPO
  • It is the largest certifying authority in India
  • Being called a one-stop-shop when it comes to providing digital transformation of organizations & is an active participant in India & abroad.
  • The company is into accreditations, memberships & tech certificates to the international bodies. 
  • It has channel partners with India & Global markets.
  • The company’s promoters, broad members & senior management team is full of talent and potential to drive business growth.
  • Also, the company holds a diversified and healthy customer base that helps it in growing exponentially. 
  • The company’s infrastructure is backed with technology to support the quality of services & solutions. 
Objective of the IPO

The following are the objectives of the eMudhra IPO-
  1. 35 crores are being kept aside for prepayment and repayment of debt availed by the company.
  2. 40.219 crore is to be used for funding the working capital requirements.
  3. 46.634 crores will be used for purchasing equipment and funding some other related costs so that data centers can be set up in India and overseas.
  4. 15.03 crore will be used as expenditure for product development.
  5. 15.27 crore is to be invested back into eMudhra for sales, market development, and any future costs.
Benefits from the IPO

The Qualified Institutional Investors can hold not more than 50% of the net offer, the retail investors can hold not less than 35% and the NII (HNI) can hold not less than 15% of the net offer.

Opening Date
May 20, 2022
Closing Date
May 24, 2022
Issue Type
Book Built Issue IPO
Face Value
₹5 Per Equity Share
Issue Price
₹39-42 Per Equity Share
Lot Size
IPO Price
₹412.79 Cr.
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
May 27, 2022
Initiation of Refunds
May 30, 2022
Credit of Equity Shares
May 31, 2022
Listing Date
June 1, 2022

Know more- www.5paisa.com/ipo

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To apply from 5paisa Mobile App- Apply IPO

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