eMudhra Ltd. (EML) is 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 Financial Year 2021 has grown from 36.5% in Financial Year 2020.

As part its Digital Trust Services, it issues 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. Under its Enterprise Solutions vertical, it offer a diverse portfolio of Digital Security and Paperless Transformation Solutions, complementing its Digital Trust Services business, to customers engaged in different industries, thereby making the company a ‘one stop shop’ player in secure digital transformation to provide a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions.

As of December 31, 2021, it has 91,259channel partners for Digital Trust Services spread across various States and Union Territories in India and out of 539 system integrator partners, 267 are present in India and 272 are present internationally in the United States of America, Europe, Middle East and Africa and the Asia Pacific.

Objects of the Issue:
• Repayment or pre-payment, in full or in part, of all or certain borrowings.
• Funding working capital requirements.
• Purchase of equipments and funding of other related costs for data centers proposed to be set-up in India and overseas locations.
• Funding of expenditure relating to product development.
• Investment in eMudhra INC for augmenting its business development, sales, marketing and other related costs for future growth.
• General corporate purposes.

Company Financials:

IPO Details:

IPO Timeline:

IPO Lot Size:

The eMudhra IPO lot size is 58 shares. A retail-individual investor can apply for up to 13 lots (754 shares or ₹193,024).

eMudhra IPO Promoter Holding
• Pre-Issue Share Holding - 79.19%
• Post-Issue Share Holding - 61.03%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.