Comments
Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256.
The stock made its debut at ₹271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to ₹279.
At the NSE, it listed at Rs 270, with a premium of 5.46 per cent.
The initial public offer of eMudhra was subscribed 2.72 times last month.
The ₹412.79-crore IPO had a price range of ₹243-256 per share.
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.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.