Raise money for strong earnings in IPO, IPO of this big company is opening today
emudhra ipo
In the past, many IPOs in the country have made investors big money. If you missed out on earning from the previous IPO then today is a good opportunity for you. The IPO of eMudhra Limited is going to open from today. This company is the largest company in the country to issue a digital signature. The company’s IPO will open on Friday 20th May and close on Tuesday 24th May.
how big is the ipo
eMudhra wants to raise Rs 413 crore through this IPO. Out of this, fresh issues worth Rs 161 crore are being issued. There is an offer for sale (OFS) of Rs 252 crore. Under this, shares are put up for sale on behalf of the existing shareholders and promoters of the company.
what is price band
The company has fixed the price band for this IPO at Rs 243-256. Its face value will be Rs 5. There are 58 shares held in one lot. Thus, to participate in the IPO, investors will have to invest a minimum of Rs 14,848. Investors will be able to bid for a maximum of 13 lots. The allotment of its shares will take place on May 27. The company’s shares may be listed on the stock exchanges on June 1.
eMudhra is the market leader
Established on June 16, 2008, eMudhra is a subsidiary of IT company 3i Infotech (3i Infotech). It held 37.9 percent of the Digital Signature Certificates market as of FY21. The company has so far issued more than 5 crore digital signatures. This company provides two types of services. This includes Digital Trust Services and Enterprise Solutions. It provides services related to individual/organization certificates, multi-factor authentication, mobile app security, website security testing, IT policy assessment, etc.
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