| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹412.79 Cr |
| Fresh Issue | ₹161.00 Cr |
| Offer for Sale | ₹251.79 Cr |
| Face Value | โน5 Per Equity Share |
| Price Band | โน243.00-256.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543533 |
| NSE Code | EMUDHRA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 58 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Company | 35.00 |
| 2 | Funding working capital requirements of the Company | 40.22 |
| 3 | Purchase of equipments and funding of other related costs for data centers proposed to be set-up in India and overseas locations | 46.36 |
| 4 | Funding of expenditure relating to product development | 15.03 |
| 5 | Investment in eMudhra INC for augmenting its business development, sales, marketing and other related costs for future growth | 15.27 |
| 6 | General corporate purposes | 0.32 |
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 254.11 | 191.91 | 158.71 | 119.52 |
| Total Income | 138.30 | 132.45 | 116.80 | 101.68 |
| Profit After Tax | 30.34 | 25.36 | 18.42 | 17.44 |
| EBITDA | 50.36 | 40.79 | 32.29 | 32.31 |
| NET Worth | 140.50 | 107.36 | 92.14 | 75.64 |
| Reserves and Surplus | 105.41 | 72.27 | 57.05 | 40.55 |
| Total Borrowing | 30.96 | 27.19 | 21.46 | 12.37 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 24.2% |
| ROCE | 30.5% |
| Debt / Equity | 23.30% |
| RoNW | 16.26% |
| PAT Margin | 19.30% |
| EBITDA Margin | 31.00% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 2.49 | |
| P/E (x) | 49.42 | |
| Promoter Holding | 79.19% | 61.03% |
| Market Cap | โน1998.65 Cr. | |