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
  • Changes to ERISA Open Door to ESG Investments

  • Is CryptoPlanes (CPAN) a Good Investment Thursday?

  • NSW drivers can now ‘do their bit’ to offset CO2 emissions during annual vehicle registration

  • Dechert’s International Capital Markets Team in Conversation with Luxembourg Stock Exchange | Dechert LLP

  • Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

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
50
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

    ₹3 to ₹1240: Multibagger CDGS stock turns ₹1 lakh to ₹3 Cr: Buy?

    September 17, 2022
    By Megan
  • Stock Shares

    Meta Platforms: Time For Aggressive Stock Buybacks (NASDAQ:META)

    December 31, 2022
    By Megan
  • Stock Shares

    Janney Montgomery Scott LLC Sells 2,072 Shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)

    January 13, 2023
    By Megan
  • Stock Shares

    IDFC shares climb to 52-week high after Morgan Stanley’s stake buying

    October 13, 2022
    By Megan
  • Stock Shares

    3 FTSE directors who have been buying up their company shares this month

    December 13, 2022
    By Megan
  • Stock Shares

    Stock Market LIVE: Sensex reclaims 57,000, Nifty above 17k; all indices in green

    September 29, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Financial Market

    How Xi Jinping Can Make China’s Markets Investable Again

  • Investment

    How technology investment could be the savior for businesses

  • Gold and Precious Metals

    3 (or 4) ASX ETFs to buy if you want physical gold ownership

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • January 27, 2023

    Changes to ERISA Open Door to ESG Investments

  • January 26, 2023

    Is CryptoPlanes (CPAN) a Good Investment Thursday?

  • January 26, 2023

    NSW drivers can now ‘do their bit’ to offset CO2 emissions during annual vehicle registration

  • January 26, 2023

    Dechert’s International Capital Markets Team in Conversation with Luxembourg Stock Exchange | Dechert LLP

  • January 26, 2023

    Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

Best Reviews

Latest News

Investment

Changes to ERISA Open Door to ESG Investments

ERISA fiduciaries may now consider ESG in investment decision making. “A million dollars isn’t cool. You know what’s cool?” Twelve trillion dollars. That is the amount of money that the ...
  • Is CryptoPlanes (CPAN) a Good Investment Thursday?

    By Megan
    January 26, 2023
  • NSW drivers can now ‘do their bit’ to offset CO2 emissions during annual vehicle registration

    By Megan
    January 26, 2023
  • Dechert’s International Capital Markets Team in Conversation with Luxembourg Stock Exchange | Dechert LLP

    By Megan
    January 26, 2023
  • Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

    By Megan
    January 26, 2023
  • Recent

  • Popular

  • Comments

  • Changes to ERISA Open Door to ESG Investments

    By Megan
    January 27, 2023
  • Is CryptoPlanes (CPAN) a Good Investment Thursday?

    By Megan
    January 26, 2023
  • NSW drivers can now ‘do their bit’ to offset CO2 emissions during annual vehicle registration

    By Megan
    January 26, 2023
  • Dechert’s International Capital Markets Team in Conversation with Luxembourg Stock Exchange | Dechert LLP

    By Megan
    January 26, 2023
  • Changes to ERISA Open Door to ESG Investments

    By Megan
    January 27, 2023
  • Australia’s economy: boom or bust?

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

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Investment

    Changes to ERISA Open Door to ESG Investments

    ERISA fiduciaries may now consider ESG in investment decision making. “A million dollars isn’t cool. You know what’s cool?” Twelve trillion dollars. That is the amount of money that the ...
  • Investment

    Is CryptoPlanes (CPAN) a Good Investment Thursday?

    CryptoPlanes receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric ...
  • Australian Economy

    NSW drivers can now ‘do their bit’ to offset CO2 emissions during annual vehicle registration

    In an Australian-first, NSW drivers can choose to offset their vehicle’s carbon emissions annually — at a cost of about $80 — when registering their car.  Key points: The transport industry is responsible ...
  • Financial Market

    Dechert’s International Capital Markets Team in Conversation with Luxembourg Stock Exchange | Dechert LLP

    In the latest issue of Dechert’s international capital markets team’s “In Conversation With…” series, partner Jennifer Rees and associate Nick Quarrie sit down with Arnaud Delestienne and Chiara Caprioli, director ...
  • Gold and Precious Metals

    Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit – Finance Bitcoin News

    Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent ...
  • 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.