eMudhra IPO share allotment date: eMudhra IPO (initial public offer) share allotment is likely to take place on Friday, May 27, 2022. The initial public offer, which opened for subscription on May 20 and concluded on May 24, saw a decent subscription amid volatility in the secondary market. As per Upstox, eMudhra IPO share allotment will begin on May 27, while the refund initiation for those who would not be allotted shares will begin on May 30. Shares of eMudhra is expected to make their stock market debut on June 1, 2022. The IPO of digital signature certificate provider was subscribed 2.72 times on the last day of subscription on May 24. Against 1,13,64,784 shares on offer, the IPO received bids for 3,09,02,516 shares on the final day of the subscription.
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As the company is expected to finalise shares on Friday, here is how eMudhra IPO subscribers can check share allotment status on BSE and Link Intime India Private Limited, registrar to the IPO.
eMudhra IPO Share Allotment Status Check on BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select ‘equity’ option and then issue name – eMudhra IPO from the dropdown
Step 3: Enter your application number and PAN card number.
Step 4: Check ‘I am not a robot’ and hit submit to know the status.
eMudhra IPO Allotment status Check on Link Intime India
Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html
Step2: On this page enter the issue name, which is eMudhra IPO, once activated
Step 3: Enter Pan Card details
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Step 4: Proceed to the next step and enter application number and finally client ID
Step5: After filling all the boxes with the right details, hit submit to know the allotments status.
Earlier, Digital signature certificate provider eMudhra has set a price band of Rs 243-256 a share. At the upper end of the price band (Rs 256), the IPO was expected to raise Rs 412.79 crore. Half of the issue was for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
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The company plans to use proceeds from the fresh issue to repay debt, support working capital requirements, purchase equipment and pay for other related costs for data centre costs proposed to be set up in India and overseas locations, develop products, investment in eMudhra INC and for general corporate purposes.
