{"id":16211,"date":"2022-05-14T14:45:20","date_gmt":"2022-05-14T09:15:20","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=16211"},"modified":"2022-05-16T09:57:43","modified_gmt":"2022-05-16T04:27:43","slug":"emudhra-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/","title":{"rendered":"eMudhra Limited IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16211\" class=\"elementor elementor-16211\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-582838cc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"582838cc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ce0e7ed\" data-id=\"2ce0e7ed\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6df1d7a3 elementor-widget elementor-widget-text-editor\" data-id=\"6df1d7a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>eMudhra Limited, Digital signature certifier, will raise\u00a0Rs 412.79 crore through an initial public offeriong (IPO). The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 &#8211; Rs 256 per equity share.<\/p><p>The IPO comprises of fresh issue of shares worth Rs 161 crore and Offer For Sale of (OFS) shares worth Rs 251.79 crore. The face value of each share is Rs 5.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73fe23e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73fe23e6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d220792\" data-id=\"5d220792\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-182ce0e1 elementor-widget elementor-widget-heading\" data-id=\"182ce0e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3d53c46a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3d53c46a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-768ec01a\" data-id=\"768ec01a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b0538dc elementor-widget elementor-widget-text-editor\" data-id=\"1b0538dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>eMudhra Limited is the largest licensed certifying authority in India with a market share of 37.9% in the digital signature certificates market space in financial year 2021.\u00a0<\/p><p>The company is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organisations functioning in various industries.<\/p><p>As part its Digital Trust Services, they issue a range of certificates including individual\/organizational certificates, SSL\/TLS certificates and device certificates (used in IoT use cases) to build a digital trust backbone. It also offers a diverse portfolio of Digital Security and Paperless Transformation Solutions through their Enterprise Solutions vertical.<\/p><p>The company has issued more than 50 million digital signature certificates since inception, and eMudhra caters to all kind of subscribers who use digital signature certificates such as income tax return filing, filings with the Ministry of Corporate Affairs (Registrar of Companies), tenders, foreign trade, banking, railways and many other needs. The company also works closely with large governments, banking institutions (20+ public and private sector banks) and state governments.<\/p><p>As of December 31, 2021, eMudhra has 91,259 channel partners for Digital Trust Services spread across various States and Union Territories in India and out of their 539 system integrator partners, 267 are present in India and 272 are present internationally in United States of America, Europe, Middle East and Africa and Asia Pacific.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c020a47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c020a47\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-767311b2\" data-id=\"767311b2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e742d60 elementor-widget elementor-widget-heading\" data-id=\"3e742d60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c78c400 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c78c400\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b34ac5\" data-id=\"b34ac5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50111aca elementor-widget elementor-widget-text-editor\" data-id=\"50111aca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>eMudhra is the largest licensed certifying authority in India.<\/li><li>The company is a one-stop solutions provider in secure digital transformation and it is well-positioned to expand in India and overseas markets.<\/li><li>eMudhra is the only Indian company to be admitted as a member of European Cloud Signature Consortium as well as Certifying Authority\/ Browser Forum, a global forum that governs the use of SSL\/TLS certificates.<\/li><li>Robust technology-backed infrastructure to support quality and security of services and solutions.<\/li><li>Diverse, long-standing and growing customer base.<\/li><li>Partnerships with leading Indian as well as global channel partners and enterprise solution partners.<\/li><li>Experienced promoter, board of directors and senior management team.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47be14b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47be14b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ef93425\" data-id=\"1ef93425\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72a0f60 elementor-widget elementor-widget-heading\" data-id=\"72a0f60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24503d86 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24503d86\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49e053f1\" data-id=\"49e053f1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b4234e6 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2b4234e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Particulars<\/strong><\/p><\/td><td><p style=\"text-align: right;\"><strong>9MFY22<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY21<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY20<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY19<\/strong><\/p><\/td><\/tr><tr><td><p style=\"text-align: left;\"><strong>Total Assets<\/strong><\/p><\/td><td><p style=\"text-align: right;\">254.11<\/p><\/td><td style=\"text-align: right;\"><p>191.91<\/p><\/td><td style=\"text-align: right;\"><p>158.71<\/p><\/td><td><p style=\"text-align: right;\">119.52<\/p><\/td><\/tr><tr><td><p style=\"text-align: left;\"><strong>Total Revenue<\/strong><\/p><\/td><td><p style=\"text-align: right;\">138.30<\/p><\/td><td style=\"text-align: right;\"><p>132.45<\/p><\/td><td style=\"text-align: right;\"><p>116.79<\/p><\/td><td><p style=\"text-align: right;\">101.68<\/p><\/td><\/tr><tr><td><p style=\"text-align: left;\"><strong>Profit After Tax<\/strong><\/p><\/td><td><p style=\"text-align: right;\">30.34<\/p><\/td><td style=\"text-align: right;\"><p>25.36<\/p><\/td><td style=\"text-align: right;\"><p>18.42<\/p><\/td><td><p style=\"text-align: right;\">17.44<\/p><\/td><\/tr><tr><td style=\"text-align: right;\"><p style=\"text-align: left;\"><strong>EBITDA<\/strong><\/p><\/td><td style=\"text-align: right;\"><p>50.36<\/p><\/td><td><p style=\"text-align: right;\">40.79<\/p><\/td><td><p style=\"text-align: right;\">32.29<\/p><\/td><td><p style=\"text-align: right;\">32.31<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-533f58b5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"533f58b5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1caa58e7\" data-id=\"1caa58e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42556954 elementor-widget elementor-widget-heading\" data-id=\"42556954\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Purpose of the IPO <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-776d5a79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"776d5a79\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-472c3e75\" data-id=\"472c3e75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7833efd4 elementor-widget elementor-widget-text-editor\" data-id=\"7833efd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>eMudhra Limited proposes to utilise the net proceeds from fresh issue and offer for Sale (OFS) towards the following purposes,<\/p><ul><li>Repayment or pre-payment, in full or in part, of all or certain borrowings availed by the company aggregating to Rs 35 crore.<\/li><li>Funding working capital requirements of the company totalling Rs 40.22 crore.<\/li><li>Purchase of equipments and funding of other related costs for data centers\u00a0proposed to be set-up in India and overseas locations\u00a0aggregating up to Rs 46.36\u00a0crore.<\/li><li>Funding of expenditure relating to product development for Rs 15.03\u00a0crore.<\/li><li>Investment in eMudhra INC. for augmenting its business development,\u00a0sales, marketing and other related costs for future growth\u00a0up to Rs 15.27 crore.<\/li><li>Other general corporate purposes.<\/li><li>The company plans to realize the benefits of listing of its equity shares on the stock exchanges, including the enhancement of its brand name and creation of a public market for their equity shares in India.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-500a88f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"500a88f0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6f30842b\" data-id=\"6f30842b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-775cb18e elementor-widget elementor-widget-heading\" data-id=\"775cb18e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50ae9cd9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50ae9cd9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5dfbb4f9\" data-id=\"5dfbb4f9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53d88c57 elementor-widget elementor-widget-text-editor\" data-id=\"53d88c57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Venkatraman Srinivasan and Taarav Pte. Limited are promoters of the company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f41fd28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f41fd28\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9430588\" data-id=\"9430588\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7afa4d49 elementor-widget elementor-widget-heading\" data-id=\"7afa4d49\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f61695b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f61695b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6373b9\" data-id=\"c6373b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d582980 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"d582980\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Opening Date<\/strong><\/p><\/td><td><p>20-May-22<\/p><\/td><\/tr><tr><td><p><strong>Closing Date<\/strong><\/p><\/td><td><p>24-May-22<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 5 per share<\/p><\/td><\/tr><tr><td><p><strong>Issue Price (Price Band)<\/strong><\/p><\/td><td><p>Rs 243 to Rs 256 per share<\/p><\/td><\/tr><tr><td><p><strong>IPO Lot Size<\/strong><\/p><\/td><td><p>58 shares<\/p><\/td><\/tr><tr><td><p><strong>Issue Size<\/strong><\/p><\/td><td><p>Rs 412.79 crore<\/p><\/td><\/tr><tr><td><p><strong>Fresh Issue<\/strong><\/p><\/td><td><p>Rs 161.00 crore<\/p><\/td><\/tr><tr><td><p><strong>Offer for Sale (OFS)<\/strong><\/p><\/td><td><p>9,835,394 shares aggregating to Rs 251.79 crore<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8d8fe3d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d8fe3d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-401e63dc\" data-id=\"401e63dc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32977f84 elementor-widget elementor-widget-heading\" data-id=\"32977f84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ebb79e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ebb79e0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e3492db\" data-id=\"e3492db\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b847a6 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"3b847a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Application<\/strong><\/p><\/td><td><p><strong>Lots<\/strong><\/p><\/td><td><p><strong>Shares<\/strong><\/p><\/td><td><p><strong>Amount<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Minimum<\/strong><\/p><\/td><td><p>1<\/p><\/td><td><p>58<\/p><\/td><td><p>Rs 14,848<\/p><\/td><\/tr><tr><td><p><strong>Maximum<\/strong><\/p><\/td><td><p>13<\/p><\/td><td><p>754<\/p><\/td><td><p>Rs 193,024<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-57a8e06 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57a8e06\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b9c4a14\" data-id=\"b9c4a14\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c005465 elementor-widget elementor-widget-heading\" data-id=\"c005465\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Allotment and Listing Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a4c7e15 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a4c7e15\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-89d440b\" data-id=\"89d440b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7b8b7b elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"f7b8b7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><b>Event<\/b><\/p><\/td><td><p><b>Date<\/b><\/p><\/td><\/tr><tr><td><p><b>Shares Allotment Date<\/b><\/p><\/td><td><p>27-May-22<\/p><\/td><\/tr><tr><td><p><b>Initiation of Refunds<\/b><\/p><\/td><td><p>30-May-22<\/p><\/td><\/tr><tr><td><p><b>Credit of Shares to Demat<\/b><\/p><\/td><td><p>31-May-22<\/p><\/td><\/tr><tr><td><p><b>IPO Listing Date<\/b><\/p><\/td><td><p>01-Jun-22<\/p><\/td><\/tr><\/tbody><\/table><p>You can check your allotment in\u00a0<a href=\"https:\/\/www.bseindia.com\/investors\/appli_check.aspx\"><strong>BSE<\/strong><\/a>\u00a0or\u00a0<a href=\"https:\/\/risop.kfintech.com\/ipostatus\/ipos.aspx\"><strong>KFin Technologies<\/strong><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4dd45743 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4dd45743\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6eac353f\" data-id=\"6eac353f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38dfc0c1 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"38dfc0c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"eMudhra Limited, Digital signature certifier, will raise\u00a0Rs 412.79 crore through an initial public offeriong (IPO). The subscription for&hellip;","protected":false},"author":5,"featured_media":16230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-16211","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nse","12":"tag-sensex","13":"tag-share-market","14":"tag-stock-market","15":"cs-entry","16":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>eMudhra Limited IPO - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eMudhra Limited IPO - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"Flattrade Kosh\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-14T09:15:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-16T04:27:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Flattrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Flattrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\"},\"author\":{\"name\":\"Flattrade\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\"},\"headline\":\"eMudhra Limited IPO\",\"datePublished\":\"2022-05-14T09:15:20+00:00\",\"dateModified\":\"2022-05-16T04:27:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\"},\"wordCount\":685,\"image\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg\",\"keywords\":[\"Market News\",\"Market Update\",\"nifty\",\"NSE\",\"sensex\",\"Share Market\",\"Stock Market\"],\"articleSection\":[\"IPOs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\",\"url\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\",\"name\":\"eMudhra Limited IPO - Flattrade Kosh\",\"isPartOf\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg\",\"datePublished\":\"2022-05-14T09:15:20+00:00\",\"dateModified\":\"2022-05-16T04:27:43+00:00\",\"author\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\"},\"description\":\"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.\",\"breadcrumb\":{\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage\",\"url\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg\",\"contentUrl\":\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/flattrade.in\/kosh\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"eMudhra Limited IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#website\",\"url\":\"https:\/\/flattrade.in\/kosh\/\",\"name\":\"Flattrade Kosh\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/flattrade.in\/kosh\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04\",\"name\":\"Flattrade\",\"url\":\"https:\/\/flattrade.in\/kosh\/author\/siddharth-aflattrade-in\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"eMudhra Limited IPO - Flattrade Kosh","description":"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/","og_locale":"en_US","og_type":"article","og_title":"eMudhra Limited IPO - Flattrade Kosh","og_description":"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.","og_url":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/","og_site_name":"Flattrade Kosh","article_published_time":"2022-05-14T09:15:20+00:00","article_modified_time":"2022-05-16T04:27:43+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg","type":"image\/jpeg"}],"author":"Flattrade","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Flattrade","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#article","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/"},"author":{"name":"Flattrade","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04"},"headline":"eMudhra Limited IPO","datePublished":"2022-05-14T09:15:20+00:00","dateModified":"2022-05-16T04:27:43+00:00","mainEntityOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/"},"wordCount":685,"image":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg","keywords":["Market News","Market Update","nifty","NSE","sensex","Share Market","Stock Market"],"articleSection":["IPOs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/","url":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/","name":"eMudhra Limited IPO - Flattrade Kosh","isPartOf":{"@id":"https:\/\/flattrade.in\/kosh\/#website"},"primaryImageOfPage":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage"},"image":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg","datePublished":"2022-05-14T09:15:20+00:00","dateModified":"2022-05-16T04:27:43+00:00","author":{"@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04"},"description":"The subscription for the IPO will be open between May 20 and May 24, 2022 (both dates included). The price band is fixed at Rs 243 \u2013 Rs 256 per equity share.","breadcrumb":{"@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#primaryimage","url":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg","contentUrl":"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2022\/05\/Emudhra.jpg","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/flattrade.in\/kosh\/emudhra-limited-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/flattrade.in\/kosh\/"},{"@type":"ListItem","position":2,"name":"eMudhra Limited IPO"}]},{"@type":"WebSite","@id":"https:\/\/flattrade.in\/kosh\/#website","url":"https:\/\/flattrade.in\/kosh\/","name":"Flattrade Kosh","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/flattrade.in\/kosh\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/flattrade.in\/kosh\/#\/schema\/person\/0df49afdcdc9b8cf2e54f80cbc763e04","name":"Flattrade","url":"https:\/\/flattrade.in\/kosh\/author\/siddharth-aflattrade-in\/"}]}},"_links":{"self":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/16211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/comments?post=16211"}],"version-history":[{"count":0,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/posts\/16211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media\/16230"}],"wp:attachment":[{"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/media?parent=16211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/categories?post=16211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flattrade.in\/kosh\/wp-json\/wp\/v2\/tags?post=16211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}