eMudhra IPO opens - The Rs 412.79 crore initial public offering (IPO) of eMudhra Limited kicked off for subscription on Friday, May 20 2022
The eMudhra company is selling its shares for Rs 243-256 apiece.
eMudhra is India's most significant licensed certifying authority
The eMudhra business is divided into digital trust services and corporation solutions
eMudhra is the only Indian company directly recognised by renowned browsers and document processing software companies like Microsoft, Mozilla, Apple and Adobe
It allows the company to sell digital identities to individuals or organisations and issue SSL/TLS certificates globally for website authentication
Despite being just 12 years in the market, eMudhra has better brand recognition and a more effective channel partner relationship
The eMudhra company has given over 50 million digital signature certificates through 88,457 channel partners spread across India
eMudhra has allotted 48,37,336 equity shares to anchor investors at Rs 256 per share, aggregating the trade size to Rs 123.83 crore
The allocation for retail investors in eMudhra IPO has been fixed at 35 per cent of the net offer. QIB quota is set at 50 per cent, while the ratio for NII is reserved at 15 per cent