eMudhra Limited

About the company

## **How to check the eMudhra IPO allotment status?** When the allotment process is completed, you can check the status of your application on the Upstox app. The eMudhra IPO’s closing date is 25 May 2022. The eMudhra IPO’s allotment date has been set three days later, on 27 May 2022. Here’s a step-by-step guide on how to check the eMudhra IPO allotment status: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover page, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, you will find the ‘View all’ option 1. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab 1. In the ‘IPO’ tab, click on ‘My applications’  1. In ‘My applications’, under the History section, your allotment status will be mentioned [ ](https://linkintime.co.in/MIPO/Ipoallotment.html) ## **About eMudhra IPO** Did you recently open a bank account online? The whole process would have been paperless and seamless. **** All thanks to companies like eMudhra, whose e-sign services can be used for a wide range of purposes including online account opening, lending, insurance and invoicing. This company is a wholly-owned subsidiary of 3i Infotech. Its business can be divided into two categories – digital trust services (includes issuing of digital certificates) and enterprise solutions (includes identity, authentication and authorisation solutions). Over the last three years, eMudhra has witnessed a strong growth in its business. Its retail customers have grown from 58,872 in March 2019 to 143,406 in December 2021. In the same period, its enterprise customers have more than doubled from 249 to 626. In FY21, the company was the largest licensed Certifying Authority (CA) in India with a share of around 38% in the digital signature certificates market space. It caters to all kinds of subscribers who use digital certificates for various activities including income tax return filing, tenders, foreign trade, banking and railways. Now, eMudhra is looking to raise capital and list on the stock exchanges. The proceeds from the fresh issue of the eMudhra IPO will be used for various purposes including repaying debt, funding working capital requirements, purchasing equipment, setting up data centres, investing in product development, sales, marketing and future growth. The eMudhra Ltd IPO will be open for subscription between 20 May 2022 and 24 May 2022. Here are the key details about eMudhra IPO: Company Name| **eMudhra Limited**|  | Company Type| **Private** ---|---|---|---|--- eMudhra IPO Opening Date|**20 May 2022**| **Financial snapshot** Here’s a table highlighting the company's key financial metrics **Particulars**| **FY 19**| **FY 20**| **FY 21**| **9M FY 22** ---|---|---|---|--- **Revenue**|101.5 crore|116.4 crore|131.5 crore|137.2 crore **Net Profit**|17.4 crore|18.4 crore|25.3 crore|30.3 crore ## **Here’s a quick look at eMudhra IPO’s strengths, risks and threats** ### **Strengths** 1. One-stop shop solution provider in secure digital transformation 1. Has issued over 5 crore digital signature certificates through its network of 91,259 channel partners  1. Has long-standing relationships with marquee customers including TCS, Infosys, Hindalco Industries and Bharti AXA Life Insurance  1. Besides India, it provides solutions and services to customers in the Americas, Europe, Middle East, Africa and Asia Pacific 1. The only Indian company to be admitted as a member of the European Cloud Signature Consortium as well as Certifying Authority/Browser Forum 1. Has received Webtrust accreditation. This means its digital signature certificates are directly recognised by browsers across the world 1. The customer retention rate was 87.5% and 96.15, respectively, for Enterprises and Digital Trust Services in FY21 ### **Risks and threats** 1. A potential target for cyber-attacks 1. Around 24% revenue in FY21 came from its top five channel partners  1. Operates in a competitive industry and faces significant competition from both established and new companies 1. Has experienced negative cash flow in the past and may continue to do so in the future ## **eMudhra IPO details** ### **** **eMudhra IPO date** The offer document filed by the company with the SEBI mentions that the eMudhra IPO’s opening date – in other words, the eMudhra IPO launch date – will be on 20 May 2022. The eMudhra IPO closing date is 25 May 2022. After this, investors will be updated about the allotment status on 27 May 2022. Investors, who have been allotted shares, can expect them to be credited in their demat account on 31 May 2022. The eMudhra IPO listing date is 1 June 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. ### **** **eMudhra IPO price band** The entire IPO is a book-built issue. The eMudhra IPO price band has been set between ₹243 and ₹256 per share. Interested investors can choose a price within this band to apply for the IPO. The eMudhra IPO listing price will be determined on 1 June 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. ### **** **eMudhra** **IPO lot size** The eMudhra IPO details have been announced. The eMudhra IPO lot size is set at 58 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (754 shares). Meanwhile, the eMudhra IPO issue size is ₹413 crore. ## **How to apply for the eMudhra IPO?** If you are interested in this investment opportunity but unsure how to apply for the eMudhra IPO, here we are listing out the steps for you. Here’s a step-by-step guide on how to apply for the eMudhra IPO on Upstox: 1. Login to your Upstox account, using your six-digit PIN 1. After successfully logging in, click on ‘Discover’ 1. On the Discover tab, you will find the ‘Invest in IPO’ section 1. Under the Invest in IPO section, look for the ‘eMudhra IPO’ tab and click on it 1. Now fill in all the required information, like ‘bid price’ and ‘lot size’ 1. Confirm and click on ‘Apply’ 1. Accept the mandate on your UPI app ## **Open a demat account with Upstox to apply for the eMudhra IPO** To apply for the eMudhra IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox. 1. Click [ **here**](https://upstox.com/open-demat-account/\OpenOpen?landing_page=learning-center/demat-account/demat-account-opening-procedure) to visit the demat account opening page on the Upstox website.  1. Enter your phone number and other essential details to begin opening a demat account. 1. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  1. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? [ ](https://upstox.com/open-demat-account/\Open\Open) ## **Upstox – trading app to apply for the eMudhra IPO** Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the eMudhra IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   20 May 2022

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   24 May 2022

   Last day to place your bid

3. Basis of Allotment

   Completed
   22 May 2022

   Share allotment finalised

4. Refund Initiation

   Completed
   30 May 2022

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   27 May 2022

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   01 Jun 2022

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.