eMudhra’s business is spread across tw division :- Digital Trust Services and Enterprise Solutions. eMudhra being the largest licensing pricing authority in India represents some of the top 500 companies in India. Alongside this it represents 10 banks and 6 automotive companies. eMudhra is being recognised by top browser companies like Microsoft, Mozilla, Adobe and Apple. The company has a network of more than 88450 channel partners.
IPO DETAILS
eMudhra Limited IPO is set to launch on 20th May, 2022. The subscription timeline extends till 24th May, 2022. The size for the IPO is 412.79 Crore Rs.. Shares issued through Offer For Sale are worth Rs. 251.79. Shares issued through Fresh Issue are worth Rs. 161.00 Crore. The lot size is 58 shares and the price range is 243 Rs. – 256 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 5 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 20th May, 2022 |
| CLOSING DATE FOR IPO | 24th May, 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 243 Rs. – 256 Rs. |
| LOT SIZE | 58 shares |
| MINIMUM ORDER QUANTITY | 58 shares |
| ISSUE SIZE | 412.79 Crore Rs. |
| OFFER FOR SALE | 251.79 Crore Rs. |
| FRESH ISSUE | 161.00 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 1st June, 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 20th May, 2022 |
| CLOSING DATE FOR IPO | 24th May, 2022 |
| IPO ALLOTMENT DATE | 27th May, 2022 |
| REFUNDS | 30th May, 2022 |
| DEMAT A/C CREDITED ON | 31st May, 2022 |
| IPO LISTING DATE | 1st June, 2022 |
eMudhra Limited IPO begins for subscription from 20th May, 2022. The IPO subscription would continue till 24th May, 2022. The allotment status for the shareholders who applied would come on 27th May, 2022. The refunds for the ones who did not get allotment would be initiated on 30th May, 2022. The DEMAT accounts of shareholders would be credited on 31st May 2022. The listing of the company would be accompanied on 1st June, 2022.
Lead Managers And Promoters
The lead managers are :
- Indorient Financial Services Limited
- Yes Securities India Limited
- IIFL Securities Limited
The minimum lot size for the company is decided at 58 shares. This holding accounts to 14848 Rs.. The maximum lot size is decided at 754 shares. This amounts to 193024 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 58 shares | 14848 Rs |
| Maximum | 754 shares | 193024 Rs. |
OBJECTIVES FOR THE IPO
- The money in the IPO would be used for general corporate purposes.
- For meeting the production and inventory expenses. The money will also be used for further business expansion purposes.
- For investment purposes in eMudhra INC and for product development purposes.
COMPANY FINANCIALS
| Particularly (in Million Rs.) | Dec. 2021 | 2020-21 | 2019-20 |
| ASSETS | 2541 | 1919 | 1587 |
| Revenue | 1383 | 1325 | 1168 |
| PAT | 303.40 | 254 | 184 |
eMudhra works in a highly competitive market segment. However it is trying to cope up with the growth opportunities which is reflected in its asset base expansion. The company’s assets have been gradual;ly increasing by 500 Million Rs uniformly. The company’s assets were worth 1580 Million Rs in 2020 which increased to 1900 Million in 2021 and 2541 in Dec, 2021. This means that for the year 2022 the company is going to record an asset increase of more than 650 Million Rs.
The revenues of the company are also quite good. However there is no increase noticed so far in revenue that can be considered significant. In Fact the revenue has been increasing by 150 Million Rs approximately every year. Looking at the profits of 2020 (184 Million Rs) the company is doing extremely well. eMudhra has been making an increase of more than 60 Million Rs in profits every year. This can be proved by the 254 Million profit in 2021 and 303 Million Rs in Dec 2021.
PROS
- eMudhra is the largest licensed certified authority in India.
- The company’s network is spread across 88457 channel partners.
- eMudhra represents some of the top 500 companies in India.
CONS
- The company operates in a highly competitive segment.
eMudhra Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the eMudhra Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
