The IPO includes 161 crore in new issuance and an offer for sale up to 9,835,394 equity shares.
With a face value of $5 per equity share, a price range of 243-256 has been established.
On the first day of its initial public offering (IPO), digital signature certifier eMudhra received 48 percent of the available shares. On Friday, the IPO saw strong demand from individual investors, but little interest from institutional investors.
According to NSE data, the IPO got 55,06,172 equity shares in total today, compared to 1,13,64,784 equity shares, a 48 percent subscription rate.
The amount intended for retail individual investors was oversubscribed by 94 percent. In contrast, the component reserved for non-institutional investors (NII) received only 4% of the total subscription. On the first day, there was no bidding on the amount reserved for qualified institutional buyers (QIBs).
In the IPO, eligible institutional buyers will receive 50% of the proceeds, while non-institutional investors would receive 15%, and retail individual investors will receive 35%.
The IPO is expected to raise $412.79 crore for the firm. The issue will be out for bidding until May 24.
The IPO includes 161 crore in new issuance and an offer for sale up to 9,835,394 equity shares.
With a face value of $5 per equity share, a price range of 243-256 has been established.
The proceeds from the offering will be used to: repay all or part of all or certain borrowings; working capital requirements; purchase of equipment and funding of other related costs for data centres proposed to be built in India and overseas locations; funding of product development expenditures; investment in eMudhra INC to augment its business development, sales, marketing, and other related costs for future growth; and finally, general corporate purposes.
nice
ReplyDelete