Emudhra Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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eMudhra

CMP

855.95

-18.25 (-2.09%)

  • DRHP
₹256

Offer Price

₹ 412.79 Cr

Issue Size

₹ 14,848

Min Investment

1.86x

Times Subscribed

58

Lot size

Time Line

  • 20
    May 2022
    Open
  • 24
    May 2022
    Close
  • 27
    May 2022
    Finalisation of Basis of Allotment
  • 30
    May 2022
    Initiation of Refunds
  • 31
    May 2022
    Transfer of Shares to Demat Account
  • 01
    Jun 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Capitalize on industry opportunities in India and maintain leadership in Indian Trust Services market and as a `One stop shop` player in secure digital transformation

  • Leveraging its existing data centre infrastructure and setting up new data centres in overseas locations

  • Enhance solution offerings to tap growing needs of digital transformation

  • Grow presence in overseas markets

  • Expand share of revenues among existing customers and broaden its partner network and customer base

Products & Services

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

Strengths

  • Largest licensed Certifying Authority in India.

  • The Company is a one stop shop solution provider in secure digital transformation and are well-positioned to capture the favourable industry dynamics in India and globally,

  • Technology certifications, accreditations and membership in international bodies.

  • Technology backed infrastructure to support quality and security of services and solutions.

  • Diverse, longstanding and growing customer base.

Risks

  • Its commercial success is largely dependent upon the company`s ability to successfully anticipate market needs and utilize and manage its research and development resources to upgrade and enhance existing solutions and develop and introduce new solutions that meet the end users` needs on a timely basis. Any failure to do so, might impact its ability to compete effectively and could make,its products obsolete, thereby adversely affecting the company revenue, reputation, financial conditions, results of operations and cash flows.

  • As part of its growth strategy, the company intend to expand its business operations to geographical areas in which the company have limited operation history. Its cannot assure you that its expansion plans will be profitable or that such expansion will not adversely affect its business, results of operations and financial condition.

  • One of its objects of the Offer is to invest in eMudhra INC one of its Subsidiaries, incorporated in United States of America to augment its business development, sales, marketing and other related costs for future growth. The expenditure proposed to be incurred is subject to external factors and uncertainty of the outcome of such expenditure.

  • The company propose to use Rs. 46.36 crores of the Net Proceeds of the Offer towards purchase of equipments and funding of other related costs for data centers proposed to be set up in India and overseas locations. For the data centers proposed to be set up in overseas locations, the company are yet to identify locations, purchase real estate or enter into long-term leasehold arrangements or rental agreements at locations suitable for setting up and operating its proposed data centers. In case the company are unable to set-up the data centers in a timely manner as mentioned in the chapter "Objects of the Offer", Its may face delay in deploying Net Proceeds towards purchase of equipments for these data centers to be set up in India and overseas locations which could have an adverse effect on its business, financial condition, results of operations and growth prospects.

  • The company is highly dependent on technology in carrying out its business activities and it forms an integral part of the company business. If its face failure of the company technology platform, its may not be able to compete effectively which may result in lower revenue, higher costs and would adversely affect its business and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
67.94%
Pre Holding

67.94%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2023 Mar-2023 3-Yr trend
Revenue 131.59 (13.00%) 248.76 (89.00%) 15.75 (-)
Gross Profit 131.59 (13.00%) 248.76 (89.00%) 15.75 (-)
Net Income 131.59 (13.00%) 248.76 (89.00%) 15.75 (-)
Assets 131.59 (13.00%) 248.76 (89.00%) 15.75 (-)
Liabilities 131.59 (13.00%) 248.76 (89.00%) 15.75 (-)

Book Running Managers

  • IIFL Securities Ltd
  • Yes Securities (India) Ltd
  • Indorient Financial Services Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

No 56 3rd Floor Sai Arcade,
Outer Ring Rd Devarabeesanahal,
Bangalore - 560103
Phone : 91-080-4227 5300 Email : companysecretary@emudhra.com www.emudhra.com

Offer Related Information

Initial public offering of 16,124,456 equity shares* of face value of Rs. 5 each ("Equity Shares") of eMudhra Limited (the "Company" or the Issuer") for cash at a price of Rs. 256 per equity share (including a share premium of Rs. 251 per equity share) ("Offer Price") aggregating to Rs. 412.79 crores* (the "Offer") comprising a fresh issue of 6,289,062 equity shares* aggregating to Rs. 161.00 crores by the company (the "Fresh Issue") and an offer for sale of 9,835,394 equity shares*... More

News

  • 25 May 2022, 10:39 AM

    eMudhra IPO ends with decent subscription

  • 24 May 2022, 17:45 PM

    eMudhra IPO subscribed 2.72 times

  • 23 May 2022, 17:31 PM

    eMudhra IPO subscribed 96%

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