Digital Signature Certificate provider eMudra Limited’s Initial Public Offering (IPO) will open for public subscription on Friday, May 20, 2022 and will end on May 24, while bidding for anchor investors will open on May 19. The firm has fixed a price band. Of 243-256 One share for its issue.
The company has cut the size of the fresh issue 200 crore 161 crores. In addition, there will be an offer-for-sale (OFS) of 98.35 lakh shares by the promoters and existing shareholders. At the upper end of the price band, the public issue is expected 413 crore through IPO, The shares of the company are expected to be listed on the stock exchanges BSE and NSE on June 1, 2022.
The proceeds of the new issue will be used to develop products, develop products, and invest in eMudra Inc. and will be done for normal. corporate objectives.
eMudhra is a leading licensed certification authority in India with a market share of 37.9% in the Digital Signature Certificate market space in FY 2021, which has grown from 36.5% in FY 2020.
The company is engaged in the business of providing digital trust services and enterprise solutions to individuals and organizations operating in various industries.
It is a ‘one stop shop’ player in the secure digital transformation and offers a wide spectrum of services and solutions ranging from issuing certificates to providing identity, authentication and signing solutions.
IIFL Securities, Yes Securities and Indoient Financial Services are the Book Running Lead Managers for the issue. Link Intime India Private Limited is the registrar of the issue.