eMudhra IPO

eMudhra Limited is India’s biggest licenced Certifying Authority, with a market share of 37.9% in the digital signature certifications market in Financial Year 2021, up from 36.5 percent in Financial Year 2020. eMudhra IPO will hit the market in 20 May 2022.

About eMudhra

They specialise in offering Digital Trust Services and Enterprise Solutions to people and businesses across a wide range of industries.

To construct a digital trust backbone, they issue a variety of certificates as part of their Digital Trust Services, including individual/organizational certificates, SSL/TLS certificates, and device certificates.

They offer a differentiated portfolio of Digital Security and Paperless Transformation Solutions to clients in various industries under our Enterprise Solutions vertical, complementing their Digital Trust Services business.

Thereby they are making a “one-stop shop” player in secure digital transformation to provide a wide spectrum of services ranging from issuance of certificates as a certifying authority to offering identity, authentication, and signin.

Services

Since its inception, their company has issued more than 50 million digital signature certificates to a wide range of subscribers who use them for income tax return filing, filings with the Ministry of Corporate Affairs (Registrar of Companies), tenders, foreign trade, banking, railways, and a variety of other purposes.

Their firm collaborates with a number of big government and financial clients, including more than 20 public and private sector banks, as well as state governments. (Sources: F&S Report 2021)

CIO Review India has named them as one of the ’20 Most Promising Tech Solution Providers for Government and Public Sector 2019′.

Other Solutions

We are the only Indian company to be accepted as a participant of the European Cloud Signature Consortium and the Certifying Authority / Browser Forum, a global forum that governs the use of SSL/TLS certificates, and to be accredited to Webtrust, enabling us to issue digital signature certificates in a variety of countries.

They have strong digital signature certificate expertise and are the only Indian company to be directly recognised by renowned browsers and document processing software developers.

This includes Microsoft, Mozilla, Apple, and Adobe, allowing them to sell digital identities to individuals and organisations around the world and issue SSL/TLS certificates for website authentication.

eMudhra IPO

Jesons Industries Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 200 crores & 8,510,638 Equity shares on 12 November 2021.

The offer includes fresh issue of 200 crores and there is offer for sale (OFS) of 8,510,638 equity shares by the promoters mentioned in the DRHP. They are looking for pre-IPO placement of 39 crores in this issue.

They got approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	238.27	191.91	158.71	119.51
Total Revenue	93.45	132.45	116.80	101.68
Profit After Tax	19.92	25.36	18.42	17.44

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	2.49	2.49	3
Financial Year 2020	2.37	2.37	2
Financial Year 2019	2.48	2.48	1
Weighted Average	2.45	2.45
30 Sep. 2021	2.84	2.84

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the qualitative factors that go into determining the Offer Price:

• India’s largest licenced Certifying Authority.
• We are a one-stop shop for safe digital transformation solutions, and we are well-positioned to take advantage of the favourable industry dynamics in India and around the world.
• Certifications, accreditations, and membership in international organisations are all examples of technology certifications.
• Infrastructure based on technology to support the quality and security of services and solutions.
• Customer base is diverse, long-standing, and rising.
• Collaborations with prominent Indian and international channel partners as well as enterprise solution providers.
• Promoter, board of directors, and top management staff are all experienced.

eMudhra IPO Peer Comparison

There are no publicly traded companies in India that are similar to us in all facets of our company and services. As a result, providing an industry comparison in regard to our Company is not possible.

eMudhra IPO Details

IPO Opening Date	20 May 2022
IPO Closing Date	24 May 2022
Issue Type	Book Building
Face Value	5 per share
IPO Price	243 to 256 per equity share
Market Lot	58 shares
Min Amount	14858
Listing At	BSE, NSE
Issue Size	412.79 crores
Fresh Issue	200 Crores
Offer for Sale	8,510,638 equity share

eMudhra IPO Date

eMudhra IPO opening date is 20 May 2022, and the closing date is 24 May 2022. The eMudhra issue may list in 01 June 2022.

IPO Opening Date	20 May 2022
IPO Closing Date	24 May 2022
Basis of Allotment Date	27 May 2022
Initiation of Refunds	30 May 2022
Credit of Shares to Demat Account	31 May 2022
IPO Listing Date	01 June 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum level of 1 lot, based on availability, for every shareholder.

eMudhra IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of eMudhra IPO.

eMudhra IPO GMP

eMudhra IPO Grey Market Premium is 1. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
May 2022
May 2022
May 2022
May 2022
May 2022
25 May 2022	1
24 May 2022	2
23 May 2022	3
22 May 2022	4
21 May 2022	6	0	0
20 May 2022	4	0	0
19 May 2022	5	0	0

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

eMudhra IPO Review

eMudhra IPO review : if you are looking for answer to the question that eMudhra IPO is good or bad than you can apply in the IPO with a long term view.

eMudhra IPO Risk

• They plan to expand their business activities into new geographic areas where they have little experience.
• One of the Offer’s goals is to invest in one of their subsidiaries, eMudhra INC.
• They rely heavily on technology to conduct their business, and it is an essential component of their operations.
• Their security measures may be impacted in the future. As a result, their services and solutions may be regarded as insecure.
• A major chunk of their revenue is reliant on one channel partner.
• Their business may suffer if they are unable to maintain successful connections with their partners.

Other Threats

• They have not placed 100 percent orders for capital equipment to be purchased using the funds of this Offer for their existing and proposed data centres.
• They could be accused of infringing on or misappropriating third-party intellectual property rights or confidential information.
• They use open-source software in their products, which could lead to legal action or other consequences.
• Their business could suffer if they do not set the right prices for their platform and services.
• Their current rapid expansion may not be indicative of future expansion.
• Their Digital Trust Services and Enterprise Solutions are very new to the industry and are continually evolving.

Business

Their Enterprise Solutions are built on the premise of delivering digital trust by assisting users in identifying, authenticating, authorising, or signing digital transactions in a smooth manner, facilitating the transition to a paperless and presence-less method of conducting business.

Furthermore, through their network of 88,457 channel partners spanning throughout all Indian states and union territories, they have issued over 50 million digital signature certifications since our foundation.

Their established presence and differentiated product portfolio in the areas of digital security and paperless transformation, they feel, provide us a competitive advantage.

They have a track record of continually designing and developing unique items at reasonable prices.

Growth

Their retail clients increased from 58,872 in March 2019 to 115, 905 in May 2022. Their enterprise customers increased from 249 at the end of March 2019 to 518 at the end of May 2022.

They currently serve 136,233 retail customers and 563 businesses. Furthermore, the revenue contribution of our Enterprise Solution vertical’s digital products has steadily increased from 361.78 million in 2019 to 643.43 million in 2021.

Currently, 10 out of the top 10 banks, 6 out of the top 10 automotive businesses, and 19 out of the top 20 corporations among the top 500 ranked companies in India by Economic Times in 2020 use their Enterprise Solutions.

Clients

Through their Digital Trust Services and Enterprise Solutions, they have been able to build a portfolio of renowned customers in both the private and public sectors.

It is including Infosys Limited, Hindalco Industries Limited, Mashreq Bank, Baud Telecom Company, Cholamandalam MS General Insurance Company Limited, Thales DIS CPL India Private Limited, Larsen & Toubro Infotech Limited, DB Schenker, JSW Steel Limited, Bharti AXA Life Insurance, and others.

Their firm collaborates with a number of significant government and financial clients, as well as 20+ public and private sector banks and state governments.

eMudhra IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

eMudhra IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
20 May 2022	1
23 May 2022	2
24 May 2022	3

Management

The combined experience and extensive knowledge of their management team in the digital trust, security, and transformation arena allows them to preserve their position as a global leader in digital signature certifications.

They are the driving force behind their company’s vision, mission, culture, and customer-centric emphasis. Their ability to create products and solutions that businesses require and want is a result of strong leadership.

They’re also important in fostering their company’s culture, which they believe is fundamental to their success. Their company is centred on the needs of its customers.

Their knowledgeable Promoters and senior management team have aided us in providing high-quality customer care and support to their Enterprise Solutions and Digital Trust Service customers.

Promoters

• Venkatraman Srinivasan
• Taarav Pte Limited

Promoters’s Holding

Pre Issue Share Holding	69.49%
Post Issue Share Holding

eMudhra Prospectus