eMudhra IPO Date, Lot Size and Price

eMudhra Limited, a digital signature certifier, is planning an initial public offering (IPO) on May 20, 2022. Bidding for the issue will be open until May 24, 2022. eMudhra IPO will end on May 24, 2022, according to the Red Herring Prospectus (RHP), and the bidding for anchor investors will begin on May 19, 2022. In the financial year 2021, eMudhra is the largest licenced certifying authority in India, with a market share of 37.9% in the digital signature certifications industry.

eMudhra IPO

eMudhra IPO Details

IPO Opening DateMay 20, 2022
IPO Closing DateMay 24, 2022
Price BandRs. 243 to Rs. 256 per share
Lot Size58 Shares
Issue Size (Rs. Cr.)(To be announced) shares of Rs.5 (aggregating up to Rs. 412.79 Cr)
Fresh Issue(To be announced) shares of Rs.5 (aggregating up to Rs.161.00 Cr)
Offer for Sale9,835,394 shares of Rs.5 (aggregating up to Rs.251.79 Cr)
Face ValueRs. 5 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Basis of Allotment DateMay 27, 2022
Initiation of RefundsMay 30, 2022
Credit of Shares to Demat AccountMay 31, 2022
eMudhra IPO Listing DateJun 1, 2022

eMudhra IPO Date

The company previously stated that its initial public offering (IPO) will begin on May 20 and end on May 24. Bidding for the anchor investor will begin on May 19.

eMudhra IPO Price Band

The Bengaluru-based eMudhra Ltd, India’s largest licenced certifying authority for digital signatures, has set a price range of Rs 243-256 per share for its initial public offering, valuing the business at Rs 2,000 crore at the high end of the range.

eMudhra IPO Lot Size

Bids for eMudhra IPO must be for a minimum of 58 equity shares and multiples of 58 equity shares after that. Qualified Institutional Buyers (QIBs) will receive up to 50% of the net offer, while Non-Institutional Investors (NIIs) will receive 15% and regular investors will receive the remaining 35%.

eMudhra IPO Issue Size

The size of the new issue has been reduced from Rs 200 crore to Rs 161 crore. This follows the Bengaluru-based company’s pre-IPO placement of 16,03,617 shares for Rs 39 crore. 50% of the overall IPO size is set aside for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail individual investors.

eMudhra IPO Allotment Date and Listing Date

The IPO for eMudhra will open on 24 May 2022, and IPO close date is 24 May 2022. The eMudhra IPO Allotment Date is 27 May 2022. This IPO will take 4 days to list. The IPO Listing Date of eMudhra IPO is 1 June 2022.

About eMudhra Limited IPO

The largest licenced Certifying Authority in India is eMudhra Limited (“CA”). Digital Trust Services and Enterprise Solutions are the two divisions of the company’s operations. 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, and other services are provided by eMudhra Limited.

It 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 around the world and issue SSL/TLS certificates for website authentication.

Through its network of 88,457 channel partners across India, the organisation has issued over 50 million digital signature certifications. The company serves 36,233 retail clients and 563 businesses as of September 30, 2021.

The top 10 banks, 6 top automotive businesses, and 19 top companies among the top 500 ranked companies in India by Economic Times in Financial Year 2020 are using eMudhra’s Enterprise Solutions as of September 30, 2021.

Promoters of eMudhra IPO

The company’s promoters are Venkatraman Srinivasan and Taarav Pte. Limited.

eMudhra IPO FAQs

What is eMudhra IPO?

The eMudhra IPO is a main-board offering of (To be announced) equity shares with a face value of Rs. 5 crores, with a total value of Rs. 412.79 crores. The issue is priced between Rs. 243 to Rs. 256 per share. A minimum order quantity of 58 shares is required.

eMudhra IPO will begin on May 20, 2022, and end on May 24, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When eMudhra IPO will open?

The eMudhra IPO opens on May 20, 2022 and closes on May 24, 2022.

What is the lot size of eMudhra IPO?

eMudhra IPO lot size is 58 Shares and the minimum order quantity is 58 shares.

How to apply for EMudhra IPO?

You can apply for the eMudhra Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When eMudhra IPO allotment?

On May 27, 2022, the Basis of Allotment for the eMudhra IPO will be finalised, and allotted shares will be credited to your Demat account by May 31, 2022.

When is eMudhra IPO listing date?

The eMudhra IPO listing date is 1 June 2022. The tentative date of eMudhra IPO listing is 1 June 2022.

Who is the registrar of eMudhra IPO?

Link Intime India Private Ltd is the registrar for eMudhra IPO.

What is eMudhra IPO Price Band?

eMudhra IPO price band is Rs. 243 to Rs. 256 per equity share