emudhra ipo allotment GMP May 2022

emudhra ipo Know all the information before investing

emudhra ipo Know all the information before investing.The IPO of digital signature issuer eMudhra Ltd will open on Friday, May 20 and close on Tuesday, May 24.  It is the largest company in the country issuing digital signature certificates.  It has a license for this while there is an offer for sale (OFS) of Rs 252 crore.  Under this, the shares have been put up for sale on behalf of the existing shareholders and promoters of the company.  There are a few things investors should keep in mind before investing in this IPO.

emudhra ipo allotment GMP May 2022

 This is the price band

emudhra ipo Know all the information before investingIts .price band has been fixed at Rs 243-256 with a face value of Rs 5.  Investors can bid for the issue through lots.  58 shares have been placed in the lot.  Investors will have to invest a minimum of Rs 14,848.  Retail investors will be able to bid for a maximum of 13 lots.  Its shares will be allotted on May 27.  The company's shares may be listed on the stock exchange on June 1.  eMudhra reserves 50 per cent of its public issue i.e. Qualified Institutional Buyers (QIBs).  While 35 per cent is reserved for retail investors and 15 per cent for non-institutional investors (NIIs).emudhra ipo Know all the information before investing.

 38% market capture

 The company was founded on June 16, 2008.  It is a wholly owned subsidiary of IT company 3i Infotech (3i Infotech).  It had a 37.9% share of the digital signature certificate market as of FY21.  The company provides two types of services.  These include digital trust services and enterprise solutions.  It provides services related to individual / organization certifications, multi-factor authentication, mobile application security, website security testing, IT policy evaluation and more.  The company has so far issued over 50 million digital signatures.

 In the first nine months of the financial year 2021-22 (April-December), the company's revenue stood at Rs 137.24 crore.  While the revenue in the financial year 2020-21 was Rs 131.59 crore.  In the previous financial year 2019-20, the company's revenue was Rs.  116.45 crore.  Since 2019, eMudhra's profits have been growing at double digits.  The company's net profit for the financial year 2019-20 is Rs.  18.4 crore, an increase of 38% over the financial year 2020-21 to Rs.  25.36 crore.  The company's net profit for the first nine months of 2021-22 stood at around Rs 30.33 crore.emudhra ipo Know all the information before investing

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. www.Tradtips.com suggests its readers to consult with their investment advisers before making any financial decision.)

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