With a projected issue price of Rs 422 per share, eMudhra is launching a QIP to raise up to Rs 200 crore. References

With a projected issue price of Rs 422 per share, eMudhra is launching a QIP to raise up to Rs 200 crore. References

With a projected issue price of Rs 422 per share, eMudhra is launching a QIP to raise up to Rs 200 crore. References

The issue price is reduced from the previous closing price by up to 9.5 percent.

According to reports cited by CNBC TV-18 on January 13, eMudhra, a supplier of digital trust services, has started a qualified institutional placement (QIP) offer with the goal of raising up to Rs 200 crore.

The TV channel was informed by people with knowledge of the matter that the suggested issue price for the QIP offer is Rs 422 per share. The issue price is reduced from the previous closing price by up to 9.5 percent.

eMudhra's shares ended at Rs 465.05 on the National Stock Exchange (NSE) during the trading session on January 12, 6.88 percent higher than the closing price of the day before.

A report on CNBC TV-18 states that the corporation is requesting a decrease of up to 6.1 percent of the outstanding capital of its pre-issue equity shares.

eMudhra declared a net profit of Rs 10.39 crore for the quarter that ended in September 2023, almost twice as much as it did the same time the previous year at Rs 5.64 crore. Operational revenue for the firm was Rs 53.16 crore, up from Rs 38.78 crore during the same time in the previous fiscal year.