Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

eMudhra Ltd raises Rs 123.83 crore from anchor investors

Posted On: 2022-05-21 15:55:25 (Time Zone: IST)


Bengaluru-based eMudhra Limited, the largest licensed Certifying Authority ("Certifying Authority" or "CA") in India with a market share of 37.9% in the digital signature certificates market space in FY 2021, has garnered Rs 123.83 crore from anchor investors ahead of its initial share sale that opens for public subscription on Wednesday. The company informed the bourses that it has allocated 48,37,336 shares at Rs. 256 per share on Thursday, May 19, 2022 to anchor investors.

Aditya Birla Sun Life Digital India Fund, Aditya Birla Sun Life Small Cap Fund, Motilal Oswal Dynamic Fund, Nippon India Small Cap Fund, SBI Technology Opportunities Fund, Baring Private Equity India, Hornbill Orchid India Fund, Pinebridge India Equity Fund, Abakkus Growth Fund are among the investors that participated in the anchor book.

Further, domestic mutual funds Aditya Birla Sun Life Digital India Fund, Aditya Birla Sun Life Small Cap Fund, Motilal Oswal Dynamic Fund, Nippon India Small Cap Fund and SBI Technology Opportunities Fund are among the investors that participated in the anchor book.

Out of the total allocation of 48,37,336 equity shares to the anchor investors 20,09,372 equity shares were allocated to 4 mutual funds through 5 schemes amounting to Rs 51.44 crore i.e. 41.54% of the Total Anchor Book Size.

eMudhra is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organisations functioning in various industries.

Since inception it has issued over 50 million digital signature certificates. As of December 31, 2021, it had 1.43 Lakh retail customers and 91,259 channel partners for Digital Trust Services spread across various States and Union Territories in India. It also had 539 partners for its enterprise solutions of which 267 were present in India and balance present internationally across United States of America, Europe, Middle East and Africa and Asia Pacific, where it provides its solutions and services.

Some of its customers include Infosys Limited, TCS Limited, Bharti AXA Life Insurance Company Limited, Larsen & Toubro Infotech Limited, Hindalco Industries Ltd, Mashreq Bank, Baud Telecom Company, Cholamandalam MS General Insurance Company Limited, Thales DIS CPL India Private Limited, DB Schenker, JSW Steel Limited, operating in various industries such as banking, insurance, telecom, information technology, etc.

For the nine-month period ended December 31, 2021 revenue from operations stood at 137.24 crore, and net profit after tax Rs 30.34 crore. The company's revenue for the whole year ended March 31, 2021 was Rs. 131.59 crore and its net profit after tax for the year was Rs. 25.36 crore. The company's profits grew 37.68% in FY21 to Rs 25.36 crore, from Rs 18.42 crore in FY20.

IIFL Securities Limited, Yes Securities (India) Limited, and Indorient Financial Services Limited are the Book Running Lead Managers and Link Intime India Private Limited is the registrar to the Issue.

IPO Details

The IPO consists of a fresh issue of equity shares aggregating to Rs 161 crore and an offer for sale (OFS) of up to 9,835,394 equity shares. Out of the proceeds of the fresh issue, Rs 35 crore will be utilised for the repayment of borrowings, Rs 40.22 crore for funding working capital requirements; Rs 46.36 crore for purchase of equipment's and funding of other related costs for data centres; Rs 15.03 crore for funding of expenditure related to product development; Rs 15.27 crore for investment in the eMudhra Inc. (US) for development, sales, marketing for future growth and balance for general corporate purposes.

The Company is proposing to open its initial public offering of Equity Shares (the "Offer") on Friday, May 20, 2022 and close on Tuesday, May 24, 2022. The price band for the Offer has been determined at Rs 243 - Rs 256 per equity share.

The IPO will fetch Rs 412.79 crore at the upper end of the price band.

Investors can bid for a minimum of 58 equity shares and in multiples of 58 equity shares thereafter.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations.

The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

USFDA issues Form 483 for Glenmark Pharmaceuticals Ltd's Aurangabad facility

Concord Enviro System files DRHP to raise funds via IPO

Innova Captab files DRHP with SEBI to raise funds via IPO

Allied Blenders and Distillers files DRHP for Rs 2000 crore IPO

Noida-based India Exposition Mart gets Sebi nod for IPO

Artefact Projects Limited bags projects assignments with Fees of Rs. 30.72 crores

Delta Corp subsidiary Deltatech Gaming files its DRHP for Rs. 550 crore IPO

ASM Technologies Ltd recommends final dividend of Rs. 2.50

PayMate India files DRHP for IPO to raise Rs 1500 crore

Balaji Speciality Chemicals Ltd to raise funds through IPO

QIBs lead the way on final day for Aether Industries, Overall Issue subscribed 6.26 times

Shilpa Pharma Lifesciences Ltd to file for IPO

Aether Industries Ltd's IPO to open on May 24, 2022, sets price band at ?610 to ?642 per Equity Share

Strong retail demand for eMudhra IPO on Day 1

Ethos IPO fully subscribed on last day of bidding

Ethos IPO: Retail Book crosses halfway mark on Day 1, Subscribed 27% Overall

Ethos Limited IPO opens for subscription

eMudhra Limited's IPO to open on May 20, 2022, sets price band at ?243 to ?256 per Equity Share

Ethos Ltd raises Rs 141.69 crore from 9 anchor investors

Logistics Services Provider Pristine Logistics & Infraprojects files DRHP for IPO

Paradeep Phosphates Ltd IPO to open for subscription on May 17, 2022

LIC IPO - Day 5 - Overall Issue Subscribed 1.79 times; Policy holders' portion booked 5.04 times

LIC IPO - Day 4 - NII Segment fully subscribed, Overall Issue Subscribed 1.66 times

Venus Pipes & Tubes' IPO to open on May 11, sets price band at ? 310 to ? 326 per Equity Share

LIC IPO - Day 3 - Overall Issue Subscribed 1.38 times

Sanathan Textiles, Syrma SGS Technology, Aether Industries, 3 others get Sebi nod for IPO

LIC IPO to open on May 4, sets price band at ? 902 to ? 949 per Equity Share

Sah Polymers files DRHP with SEBI to raise funds via IPO

Kaynes Technology files DRHP with SEBI, to raise funds through IPO

Prasol Chemicals Limited files for Rs 800 crore IPO

Hariom Pipe Industries' IPO subscribed 7.93 times on Final Day, Retail portion booked 12.15 times

Hariom Pipe Industries' IPO subscribed 3.44 times on Day 4

Venus Pipes and Tubes Limited gets SEBI nod for IPO

Agro Chemical Co, Dharmaj Crop Guard gets SEBI nod for Rs 300 crore IPO

Hariom Pipe Industries' IPO subscribed 1.88 times on Day 3, Retail portion booked 4.66 times

Hariom Pipe Industries' IPO subscribed 1.48 times on Day 2, Retail portion booked 3.55 times

Hariom Pipe Industries' IPO subscribed 67% on Day 1, Retail portion fully subscribed

Hariom Pipe Industries Limited's IPO to open on March 30, 2022

Retail Jeweller Joyalukkas India files DRHP with SEBI to raise Rs 2,300 Crs via IPO

Nasdaq-listed Yatra Online Inc's Indian Subsidiary files DRHP for its IPO

Veranda Learning Solutions Limited IPO to open on March 29, 2022

Krishna Defence and Allied Industries Limited to launch Rs 11.89 crore SME IPO

Maini Precision Products Limited gets SEBI nod for Rs 900 crs IPO

Cool Caps Industries Limited IPO receives subscription of 7.5 times

Life Insurance Corporation of India and eMudhra gets Sebi nod for IPO

EbixCash files DRHP for IPO with SEBI, to raise Rs 6,000 crore

Hexagon Nutrition gets Sebi nod for Rs. 600 crore IPO

India Exposition Mart files DRHP for Rs 600 crore IPO

Suraj Estate Developers files for an IPO, to raise Rs 500 Crs

Elin Electronics gets SEBI's nod for Rs 760 crore IPO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020