The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Billionaire Louis Casper Dunweber Revolutionizes the

  • Republican lawmakers distinguish crypto commodities and securities in draft bill

  • Start Investing In Gold | GOBankingRates

  • Jeffrey Epstein Talked About Escorts, Investments and ‘Life Lessons’ With Other Prison Inmates

  • Jersey City landlords, brokers illegally discriminated against Section 8 renters, lawsuit alleges

Stock Shares
Home›Stock Shares›eMudhra shares list at premium on BSE, NSE; stock gains 6% from IPO price on debut day

eMudhra shares list at premium on BSE, NSE; stock gains 6% from IPO price on debut day

By Megan
June 1, 2022
77
0
Share:

eMudhra shares listed on the stock exchanges today at a premium to the IPO price amid the volatile market momentum. Shares of the company began trading on the NSE at Rs 270 per share, up 5.5% from the IPO price of Rs 243-256 apiece per share and on the BSE the stock debuted at Rs 271 apiece. The Rs 412.79 crore IPO was subscribed by investors earlier this month and was fully subscribed by all categories excluding retail investors.The company had a market capitalisation of Rs 2,115.76 crore on its market debut. 

eMudhra is the largest licensed certifying authority in India with a market share of 37.9 per cent in the digital signature certificates market space in financial year 2021 having grown from 36.5 per cent in FY20. The company has been engaged in the business of providing digital trust services and enterprise solutions to individuals and organisations. It is a one stop shop player in secure digital transformation and provides a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions. Some of its customers include Infosys, Tata Consultancy Services, Mashreq Bank, Baud Telecom Company, Cholamandalam MS General Insurance Company and Bharti AXA Life Insurance Company.

Before heading into the IPO, eMudhra raised over Rs 123.83 crore from 9 anchor investors in lieu of 48.37 lakh equity shares at Rs 256 each, data from the stock exchanges showed. SBi Securities in an IPO note had said that at the upper and lower price band of Rs 256 and Rs 243, the stock is valued at a P/E of 49.4x/47.1x respectively of its 9MFY22 annualised earnings. It also added that assuming 15%/20%/25% PAT CAGR during FY22-FY24E period, at upper price band, the business is available at a P/E of 37.3x/34.3x/31.6x FY24E earnings respectively. 

LIC, LIC IPO, LIC share price

LIC share price falls 3% after weak Q4 results; now down 15% from IPO price; should you buy, sell, hold?

LIC, ONGC, eMudhra, Bata India, Campus Activewear, Religare, Bharat Dynamics, stocks in focus

LIC, ONGC, eMudhra, Bata India, Campus Activewear, Religare, Bharat Dynamics stocks in focus

Share Market Today, Share Market Live

Share Market Highlights: Sensex ends 359 pts lower, Nifty below 16600 amid high volatility; RIL top dragger

Sensex, Nifty continue to trade volatile; 5 things to know before today’s opening bell

“With strong market share and robust customer retention ratio (96% & 88% in Digital Services and Enterprise Solutions respectively), we believe the company has first mover advantage and is well poised to encash on growth opportunities from the growing IT/Digitization space. In terms of end-users, Banking, Education and Manufacturing sectors are likely to drive growth for players like eMudhra,” the research firm said.

Source link

Previous Article

How Brokers Can Support Overtaxed HR Teams ...

Next Article

Zhong Yang Financial Group Limited Announces Pricing ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Stock Shares

    Warren Buffett’s firm owns nearly $11 billion of Occidental petroleum stock

    July 20, 2022
    By Megan
  • Stock Shares

    Up 14% in a month, why the ANZ share price can keep delivering: Citi

    November 2, 2022
    By Megan
  • Stock Shares

    Hibbett, Silvergate Capital, Chemours and more

    November 29, 2022
    By Megan
  • Stock Shares

    Nicholas Castaldo Sells 11,000 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

    November 30, 2022
    By Megan
  • Stock Shares

    Why Shares of Editas Medicine Rose Monday

    April 17, 2023
    By Megan
  • Stock Shares

    Amazon, Intel, Snap, Pinterest and more

    April 27, 2023
    By Megan

Leave a reply Cancel reply

You may interested

  • Stock Shares

    Ashish Kacholia, Vijay Kedia portfolio stock: Vaibhav Global shares drop 6% on muted Q4 results

  • Gold and Precious Metals

    Bullion.Directory Launches Bullion Dealer of the Year Public Vote 2023

  • Investment

    Investment and tourism ministries to hold Saudi-Spanish forum on Sunday

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • June 2, 2023

    Billionaire Louis Casper Dunweber Revolutionizes the

  • June 2, 2023

    Republican lawmakers distinguish crypto commodities and securities in draft bill

  • June 2, 2023

    Start Investing In Gold | GOBankingRates

  • June 2, 2023

    Jeffrey Epstein Talked About Escorts, Investments and ‘Life Lessons’ With Other Prison Inmates

  • June 2, 2023

    Jersey City landlords, brokers illegally discriminated against Section 8 renters, lawsuit alleges

Best Reviews

Latest News

Financial Market

Billionaire Louis Casper Dunweber Revolutionizes the

DUBAI, UAE, June 02, 2023 (GLOBE NEWSWIRE) — With the new development, Billionaire Louis Casper Dunweber is set to disrupt the financial market with KING AI’s free FOREX signals services. ...
  • Republican lawmakers distinguish crypto commodities and securities in draft bill

    By Megan
    June 2, 2023
  • Start Investing In Gold | GOBankingRates

    By Megan
    June 2, 2023
  • Jeffrey Epstein Talked About Escorts, Investments and ‘Life Lessons’ With Other Prison Inmates

    By Megan
    June 2, 2023
  • Jersey City landlords, brokers illegally discriminated against Section 8 renters, lawsuit alleges

    By Megan
    June 2, 2023
  • Recent

  • Popular

  • Comments

  • Billionaire Louis Casper Dunweber Revolutionizes the

    By Megan
    June 2, 2023
  • Republican lawmakers distinguish crypto commodities and securities in draft bill

    By Megan
    June 2, 2023
  • Start Investing In Gold | GOBankingRates

    By Megan
    June 2, 2023
  • Jeffrey Epstein Talked About Escorts, Investments and ‘Life Lessons’ With Other Prison Inmates

    By Megan
    June 2, 2023
  • Billionaire Louis Casper Dunweber Revolutionizes the

    By Megan
    June 2, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • The stage is set for mining-led economic recovery

    By Megan
    December 1, 2020

Trending News

  • Financial Market

    Billionaire Louis Casper Dunweber Revolutionizes the

    DUBAI, UAE, June 02, 2023 (GLOBE NEWSWIRE) — With the new development, Billionaire Louis Casper Dunweber is set to disrupt the financial market with KING AI’s free FOREX signals services. ...
  • Commodities

    Republican lawmakers distinguish crypto commodities and securities in draft bill

    Republican House members published a draft bill on June 2 that aims to set out clear roles for regulators in the crypto industry. SEC’s abilities The draft bill specifically aims ...
  • Gold and Precious Metals

    Start Investing In Gold | GOBankingRates

    Are you concerned about protecting your hard-earned retirement savings? Look no further. Gold IRAs offer an unmatched level of stability, shielding your wealth from market volatility and inflation. Take advantage ...
  • Investment

    Jeffrey Epstein Talked About Escorts, Investments and ‘Life Lessons’ With Other Prison Inmates

    While in prison awaiting trial for sex trafficking, Jeffrey Epstein dished to fellow inmates about the escort business and gave them investing tips, according to recently released prison logs. The ...
  • Brokers

    Jersey City landlords, brokers illegally discriminated against Section 8 renters, lawsuit alleges

    Numerous Jersey City landlords and brokers illegally discriminated against prospective renters using government-subsidized vouchers, a new lawsuit alleges. The complaint, filed by nonprofit watchdog Housing Rights Initiatives (HRI) in state ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.