Time, Listing Price, Strategy, and eMudhra Share Price for Today's eMudhra IPO Listing on the BSE an
The largest licensed certifying authority in India, eMudhra Limited, will list its shares on Dalal Street on Wednesday. At 10 a.m. on June 1, eMudhra shares will begin trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Investors' interest in the eMudhra initial public offering (IPO) was muted when subscriptions for it started earlier this month. Investor interest was low, the grey market premium was negative, and the market was unstable, all of which pointed to a flat-to-discounted listing price for eMudhra shares.
From May 20–24, eMudhra IPO subscriptions were available. The eMudhra IPO pricing range has been set at Rs 243-256 per share. The eMudhra IPO included an offer-for-sale of up to 98,35,394 equity shares and a fresh issue of up to Rs 161 crore.
The 1.13 crore shares up for grabs in the public offering were taken up 2.72 times over. According to information available with the National Stock Exchange, the eMudhra IPO got bids for over 3.09 crore shares against the total issue size of over 1.13 crore shares (NSE). When compared to non-institutional investors, the fraction reserved for qualified institutional buyers (QIBs) received 4.05 times as many subscriptions. According to the report, the shares reserved for retail individual investors (RIIs) were subscribed 2.61 times.
Hem Securities made the following statement on the eMudhra IPO valuation: "Company is bringing the offer at a price band of Rs 243-256 per share at p/e multiple of 49x on post-issuanceannualized annualized 9Months
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Beforelacklusterlicensed the listing, unlisted eMudhra GMPeMudhra equities were selling in the grey market at a discount of Rs 5. The grey market's lackluster activity on June 1 indicated a flat listing for eMudhra shares on the stock exchanges.
eMudhra Share Listing Today: What Should Investors Do
Investors' interest in e-Mudhra Limited was muted as a result of its high pricing and shaky primary market sentiment. Despite having a sizable market share, increased competition cannot be ruled out. Therefore, based on the current situation, the issue may list near its issue price of Rs 250–260, according to Abhay Doshi, creator of
The largest licensed certifying authority in India is eMudhra Limited, according to Mohit Nigam, head of PMS at Hem Securities. Enterprise solutions and digital trust services are the two divisions of the company's operations. The primary markets helped the corporation and its stockholders raise Rs 413 crore. The problem in the unlisted market is trading with gains of only 3% or less. We suggest investors hold the company for a long time as it may provide good profits in the long term, despite the lackluster listing that is anticipated given the current market conditions.
According to a previous statement made by Angel One regarding the public offering, "eMudhra has an established position as a licensed certifying authority with a strong network of channel partners, a diverse customer base, and it will be using a portion of the IPO proceeds to grow in overseas markets as well as improve its data center infrastructure. The market for digital security and paperless transformation is extremely competitive, despite the operation's modest size.