eMudhra IPO has come up! Know all details now!

Emudhra is India’s largest licenced Certifying Authority whose IPO will be open for subscription till 24th May, 2022.

Following are the details you should look for before applying for an IPO:

About the company:

As per the Frost and Sullivan Report “ eMudhra remains the largest CA in India with 37.9% market share in the Digital Signature Certificates market space in FY 2021. It is estimated, that the company has grown at 19.6% in FY 2021 (based on eMudhra's financial reporting) as against a market average of 15.1% at the OEM level. The high growth has enabled eMudhra improve on its earlier market share of 36.5% in FY 2020."

They help enterprises large and small build seamless digital and paperless experiences with their clients for data and document movement through a combination of our document processing automation, AI and data security platforms while leveraging global trust services infrastructure.

About an IPO:

◇ The IPO will stay open from 20th May, 2022 to 24th May, 2022.

◇ The price band is ₹243 to ₹256 per share.

◇ Total issue size is approximately ₹412 crores.

◇ The lot size is 58 shares per lot.

◇ The minimum investment required is ₹14,094.

◇ As of 21st May, it is subscribed 48%.

◇ Venkatraman Srinivasan and Taarav Pte. Limited are the company promoters.

◇ Allotment of IPO will take place on 27th May, 2022 and listing on 1st June.

Financials:

◇ Revenue of the company for year 2019, 2020 and 2021 was ₹102, ₹117 and ₹132 Crs respectively.

◇ Revenue of the company for year 2019, 2020 and 2021 was ₹17, ₹18 and ₹25 Crs respectively.

Other details are as follows:

Pros:

◇ Strong Financials- Super healthy balance sheets and growing profits.

◇ Competitive Advantage- They are first of their kinds with best quality services.

◇ Experienced Leadership – Bug Clients – Clean track record.

Cons:

◇ Overvalued/Overpriced issue.

◇ Dependent on top clients for major part of the Revenue.

Conclusion:

◇ It is considered as good or decent IPO because of competitive advantages so one can apply however do your own research before applying .

Happy Learning and Investing!!