Digital trust service provider eMudhra has launched a qualified institutional placement (QIP) offer to raise up to Rs 200 crore, CNBC TV-18 reported on January 13, citing sources.
The indicative issue price for the QIP offer is Rs 422 per share, the persons privy to the development told the news channel. The issue price marks a discount of up to 9.5 percent as against the last closing price.
eMudhra's scrip settled at Rs 465.05 apiece on the National Stock Exchange (NSE) in the trading session on January 12, up by 6.88 percent as against the previous day's close.
The company, according to the CNBC TV-18 report, is seeking dilution of up to 6.1 percent of pre-issue outstanding equity share capital.
In the quarter ending September 2023, eMudhra reported a net profit of Rs 10.39 crore, around double as compared to Rs 5.64 crore in the year-ago period. The company's income from operations stood at Rs 53.16 crore, higher as compared to Rs 38.78 crore in the corresponding period of the previous fiscal.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
