eMudhra was incorporated on June 16, 2008, as ‘3i Infotech Consumer Services'. The company is engaged in the business of providing digital trust services and enterprise solutions to individuals and organizations functioning in various industries. As part of the digital trust services, the company issues a range of certificates including individual/organizational certificates, SSL/TLS certificates, and device certificates to build a digital trust backbone.
| Bidding Dates |
|---|
| 20 May 2022 - 24 May 2022 |
| Subscription |
|---|
| 2.72x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,848 | 1 | 13 | 58 | 16.1 M | ₹243 - ₹256 | 81.25 % | ₹3918.2 M - ₹4127.8 M | RHP DOC |
eMudhra IPO SUBSCRIPTION STATUS
24 May '22eMudhra IPO overall subscription rate was 2.72 times the total available shares
eMudhra IPO retail subscription rate was 2.61 times in the retail segment
eMudhra IPO non-institutional investor subscription rate was 1.28 times in the non-institutional investor category
eMudhra IPO Qualified Institutional Bidder subscription rate was 4.05 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 May 2022 (Day 3) | 2.61x | 1.28x | 4.05x |
23 May 2022 (Day 2) | 1.69x | 0.16x | 0.25x |
20 May 2022 (Day 1) | 0.85x | 0.04x | 0x |
eMudhra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 303.40 | 1,372.44 | 226.33 | -117.87 |
| FY21 | 253.59 | 1,315.93 | 409.44 | 203.40 |
| FY20 | 184.16 | 1,164.50 | 232.36 | 3.83 |
| FY19 | 174.36 | 1,015.84 | 167.85 | -153.36 |
eMudhra IPO SUBSCRIPTION STATUS DETAILS
eMudhra had 16.1 M shares on offer
eMudhra IPO offer price was in the range ₹243 - ₹256
eMudhra IPO minimum Investment was ₹14848
eMudhra IPO issue size was ₹ 3918.2 M - ₹ 4127.8 M
eMudhra had a minimum lot size of 58 Shares per application
eMudhra NUMBER OF SHARES ON OFFER
eMudhra IPO IMPORTANT DATES
| Issue Open Date | 20 May 2022 |
| Issue close Date | 24 May 2022 |
| Allotment Date | 27 May 2022 |
| Refund Date | 30 May 2022 |
| Demat Account Credit Date | 31 May 2022 |
| Listing Date | 01 Jun 2022 |
| Listing on Exchange(s) | NSE and BSE |
| eMudhra Allotment Status | Exchange |
eMudhra IPO subscription opened on 20 May 2022, and closed on 24 May 2022
IPO allotment for eMudhra was finalized on Friday, 27 May 2022
IPO listing for eMudhra was on NSE and BSE on Wednesday, 01 Jun 2022
eMudhra IPO LISTING GAINS
| Issue Price (adjusted) | 256.0 |
| Listing Open Price | 270.0 |
| Listing Close Price | 257.9 |
| Listing Gain% | 5.5% |
| Current Gain% | 110.5% |
eMudhra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| eMudhra Ltd. | 538.8 | 4634.1 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| Network People Services Technologies Ltd. | 1505.4 | 3140.8 | 76.9 | -8.4 | 16.1 | 9.3 | 8 | 209.4 | 15.9 | 40.8 | -9.7 | 19.6 | -9.1 |
eMudhra INFORMATION ON IPO ISSUE
About eMudhra
eMudhra was incorporated on June 16, 2008, as ‘3i Infotech Consumer Services'. The company is engaged in the business of providing digital trust services and enterprise solutions to individuals and organizations functioning in various industries. As part of the digital trust services, the company issues a range of certificates including individual/organizational certificates, SSL/TLS certificates, and device certificates to build a digital trust backbone.
Object of the Issue
1. Repayment or pre-payment, in full or in part, of all or certain borrowings.
2. Funding working capital requirements.
3. Purchase of equipment 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.
6. General corporate purposes.
eMudhra - PROMOTERS
| Name |
|---|
| Venkatraman Srinivasan |
| Taarav Pte. Limited |
eMudhra Book Running Lead Manager
IIFL Securities Limited
emudhra.ipo@iiflcap.com
YES Securities (India) Limited
emudhra.ipo@ysil.in
Indorient Financial Services Limited
ivor@indorient.in
eMudhra Registrar to the Offer
Link Intime India Private Limited
emudhra.ipo@linkintime.co.in
eMudhra Strengths
Certifying Authority
Largest licensed Certifying Authority in India.
One-stop-shop solution provider
The company is a one-stop-shop solution provider in secure digital transformation and is well-positioned to capture the favorable industry dynamics in India and globally.
Technology certifications
Technology certifications, accreditations, and membership in international bodies.
Technology infrastructure
Technology-backed infrastructure to support the quality and security of services and solutions.
Strong customer base
Diverse, longstanding, and growing customer base.
Strong partnerships
Partnerships with leading Indian and global channel partners and enterprise solution partners.
Experienced team
The promoter, board of directors, and senior management are experienced and well-versed with the market and dedicated towards scaling up the company.
eMudhra Risks
Limitations in expanding to new geographical areas
As part of the growth strategy, the company intends to expand its business operations to geographical areas in which it has a limited operating history.
Company's security measures
The company's security measures may be compromised. Consequently, its services and solutions may be perceived as not being secure.
Dependent on one channel partner
The company is dependent on one channel partner for a significant portion of the revenues.
High competition
The company operates in a highly competitive industry.
Accused of infringing or misappropriation
The company may be accused of infringing or misappropriating intellectual property rights or confidential know-how of third parties
IPO FAQs
This IPO consists of an offer for sale of up to Rs 251.8 crore, of 9,835,394 shares. It also consists of a fresh issue of Rs 161.0 crore.
The promoters of the company are Venkatraman Srinivasan and Taarav Pte. Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 243.0 - 256.0.
The IPO application opens on May 20, 2022 and closes on May 24, 2022.
The minimum lot size for the IPO is 58. The maximum lot size for the IPO is 754.
For all category investors, the minimum application amount for this IPO is Rs. 14,848.0, the maximum value for this IPO is Rs 193,024.0.
This IPO will be allotted on May 27, 2022.
The refund will be credited to your account on May 30, 2022.
The allotted shares will be credited to your demat on May 31, 2022.
eMudhra Ltd.’s shares listed on the stock exchanges on Jun 01, 2022.