eMudhra IPO: eMudhra prices in medium-term prospects; investors with high risk appetite may bid

It caters to corporates, government agencies, and individuals covering digital signature certificates for income tax return filing, railways, banking, foreign trade, and registrar of companies (ROC) filings among others. The company had a 37.9% share in the digital signature certificates in India in FY21. It caters to corporates, government agencies, and individuals covering digital signature certificates for income tax return filing, railways, banking, foreign trade, and registrar of companies (ROC) filings among others. The company had a 37.9% share in the digital signature certificates in India in FY21.

Synopsis

ET Intelligence Group: eMudhra, the country’s largest company issuing digital signature certificates, will raise ₹161 crore to repay a portion of the debt, fund working capital and for the purchase of datacentre equipment and augmentation of sales and marketing of its US subsidiary. It will raise another ₹251.8 crore through an offer for sale by the promoter group and some other shareholders.

After the IPO, the promoter group stake will fall to

ET Bureau

3 mins read, Last Updated:

May 19, 2022, 07:32 AM IST

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