E Mudra IPO- Priceband per Share Announced
Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-crore.
E Mudra IPO- Bidding Starts On
The initial share-sale will open for public on May 20 till May 24, and the bidding for anchor investors will open on May 19.
E Mudra IPO- Cut the Size Of
E Mudra company has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore.
E Mudra IPO- Offer For Sale
Besides, there will be an Offer-For-Sale (OFS) of 98.35 lakh shares by promoters and existing shareholders.
E Mudra IPO- Major Promoters
As part of the OFS, promoters -- Venkatraman Srinivasan and Taarav Pte Ltd -- will offload 32.89 lakh equity and 45.16 lakh equity.
E Mudra IPO- Public Issue Expected to Fetch
At the upper end of the price band, the public issue is expected to fetch Rs 412.79 crore.
E Mudra IPO- Share Reservation
50% has been reserved for institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
E Mudra IPO- Largest License Certifying
eMudhra is the largest licensed certifying authority in India with a market share of 37.9 per cent in the digital signature.
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