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-
₹35 crores are being kept aside
for prepayment and repayment of debt availed by the company.
₹40.219 crore is to be used for
funding the working capital requirements.
₹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.
₹15.03 crore will be used as
expenditure for product development.
₹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 | 58 Shares |
IPO Price | ₹412.79 Cr. |
Listing At | NSE, BSE |
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 |
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