eMudhra
Amidst weak markets, eMudhra IPO sees successful closure on final day of bidding
Mumbai, May 24, 2022: The Initial Public Offering (IPO) of Bengaluru-based eMudhra Limited ("Company"), the largest licensed Certifying Authority (“Certifying Authority” or “CA”) in India with a market share of 37.9% in the digital signature certificates market space in FY 2021, received bids of 3,09,02,516 shares against the offered 1,13,64,784 equity shares, at a price band of ₹243-256, according to the data available on the stock exchanges. Overall the issue was subscribed 2.72 times on the last day of bidding.
The Qualified Institutional Investors and Retail investors was subscribed 4.05 and 2.61 times respectively. Non Institutional Investors portion was subscribed 1.28 times. The issue opened for subscription on Friday, May 20 and closed on May 24, 2022.
The IPO consists of a fresh issue of equity shares aggregating to Rs 161 crore and an offer for sale (OFS) of up to 9,835,394 equity shares. The proceeds from its fresh issuance worth Rs 35 crore will be utilised for the repayment or prepayment of borrowings, in full or part of all or certain borrowings; Rs 40.22 crore for funding working capital requirements; Rs 46.36 crore for purchase of equipment’s and funding of other related costs for data centres; Rs 15.03 crore for funding of expenditure related to product development; Rs 15.27 crore for investment in the company for development, sales, marketing for future growth and general corporate purposes.
IIFL Securities Limited, Yes Securities (India) Limited, and Indorient Financial Services Limited are the Book Running Lead Managers and Link Intime India Private Limited is the registrar to the Issue.
eMudhra Limited Last updated on | ||||
Sr.No. | Category | No.of shares offered / reserved | No. of shares bid for | No. of times of total meant for the category |
1 | Qualified Institutional Buyers (QIBs) | 31,34,329 | 1,26,87,152 | 4.05 |
1(a) | Foreign Institutional Investors (FIIs) | - | 11,12,730 | - |
1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | - | - |
1(c) | Mutual Funds | - | 92,34,238 | - |
1(D) | Others | - | 23,40,184 | - |
2 | Non Institutional Investors | 24,69,137 | 31,72,194 | 1.28 |
2(a) | Corporates | - | 3,16,622 | - |
2(b) | Individuals (Other than RIIs) | - | 27,39,978 | - |
2(c) | Others | - | 1,15,594 | - |
3 | Retail Individual Investors (RIIs) | 57,61,318 | 1,50,43,170 | 2.61 |
3(a) | Cut Off | - | 1,29,24,024 | - |
3(b) | Price Bids | - | 21,19,146 | - |
4 | Employee Reserved | - | - | - |
4(a) | Employee (Cut off) | - | - | - |
4(b) | Employee (Price) | - | - | - |
5 | Reservation PortionShareholder | - | - | - |
5(a) | RPS (Cut off) | - | - | - |
5(b) | RPS (Price) | - | - | - |
Total | 1,13,64,784 | 3,09,02,516 | 2.72 | |
BSE subscription Link: https://www.bseindia.com/
Comments
Post a Comment