eMudhra has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 200 crore and an offer for sale of 85.1 lakh shares by promoters and existing shareholders.
The company intends to utilise the proceeds from the fresh issue to repay debt, support working capital requirements, purchase equipment and pay for other related costs for the data centre proposed to be set up in India and overseas locations, develop products, invest in eMudhra INC and for general corporate purposes. IIFL Securities, Yes Securities and Indorient Financial Services are the book running lead managers for the issue.
eMudhra is engaged in digital trust services and enterprise solutions to individuals and organisations functioning in various industries. 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.
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