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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