eMudhra shares list at premium on BSE, NSE; stock gains 6% from IPO price on debut day
时间:2024-06-26 10:50:29 阅读(143)
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.
“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.
猜你喜欢
- Buy these 2 shares for gains; Nifty needs to cross 17300 to confirm trend reversal, support at 17000
- Rising cost of imported coal may impact power tariffs
- Rupee falls 4 paise to 83
- Rupee falls 47 paise to close at 81
- Adani Enterprises, Ultratech Cement, ICICI Lombard, IndusInd Bank, L&T Tech, HDFC AMC stocks in focus
- 90% large cap funds underperform benchmarks in last one year
- Rupee declines 13 paise to 82
- CEAT shares soar over 11 pc as company reports steep jump in Q2 net profit
- Rupee likely to appreciate against US dollar ahead of US GDP data; USDINR may trade in this range