e-Mudhra Limited

IPO Size

NA

Price Band

NA

Minimum Lot Size

NA

Face Value

`5 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

NA

Issue Close Date

NA

Listing Date

NA

About the Company:

e-Mudhra limited 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. The firm is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organizations functioning in various industries. As part of Digital Trust Services, the firm 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.

e-Mudhra has been identified and ranked amongst the ‘20 Most Promising Tech Solution Providers for Government & Public Sector 2019’ by CIO Review India. It is the only Indian company to be admitted as a member of the European Cloud Signature Consortium as well as Certifying Authority / Browser Forum, a global forum that governs the use of SSL/TLS certificates and to is accredited to Web trust, which makes our digital signature certificates directly recognized by browsers across the world allowing us to issue digital signature certificates in many countries.

Since the inception of our business, we have issued over 50 million digital signature certificates through our network of 88,457 channel partners spread across all States and Union Territories in India.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - - - - - -
Material civil cases 1 2 - - - -
Taxation matters - 1 - - - -
Regulatory Proceedings - - - - -

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Financial Statements:

Income Statement(in Milllions) FY21 FY20 FY19
Gross Operating Income 1,324.54 1,167.99 1,016.80
Cost of Employee & Inventory 417.11 292.16 258.52
Other Expenses 916.66 845.11 693.70
EBITDA 407.88 322.88 323.10
Finance Cost 8.41 6.68 2.64
Depreciation 87.67 86.02 85
Profit  Before Tax and Exceptional items 311.80 230.18 235.46
Exceptional items     18.99
 Tax 58.21 46.02 42.11
Profit After Tax 253.59 184.16 174.36

Promoter of the Company

Venkatraman Srinivasan And Taarav Pte. Limited

Peer Comparison

No peer

Objectives of the Issue

Offer for Sale

The company will not receive any proceeds from the Offer for Sale.

Fresh Issue

Net proceeds from the fresh issue worth Rs200 cr will be utilized for:- • Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company • Funding working capital requirements of the company. • Purchase of equipment 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.

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