More than half of the investments by mutual funds last month went into the public issue of Life Insurance Corporation.
eMudhra traded with a volume of 73.83 lakh equity shares on the NSE, and 5.54 lakh shares on the BSE.
Allotted investors can choose holding this company for long-term perspective despite short-term volatility which can't be ruled out while non-allotted investors may also look to accumulate, Prashanth Tapse of Mehta Equities said.
eMudhra was the 15th listing on the bourses this year after LIC, Adani Wilmar, Campus Activewear, Delhivery etc.
eMudhra IPO, at over 100x FY21 PE, is overpriced and ill-timed when the primary market is becoming unfriendly
Choice Equity Broking has come out with its report on eMudhra. The research firm has recommended to ''Subscribe'' the ipo in its research report as on May 19, 2022.
Arihant Capital has come out with its report on eMudhra. The research firm has recommended to ''Subscribe'' the ipo in its research report as on May 19, 2022.
New Delhi, May 16 Digital signature certificate provider eMudhra Ltd on Monday said it has fixed a price band of Rs 243-256 a share for its Rs 413-..
Prudent Corporate Advisory Services will finalise its IPO share allotment by May 18, while the share allotment with respect to Delhivery, and Venus Pipes & Tubes IPOs will get finalised by May 19.
Earlier the firm said its IPO will open on 20 May and close on 24 May. The anchor investor bidding will start on 19 May. Allotment is expected on 30 May and the firm will list on exchanges on 1 June.
The initial public offering will comprise a fresh issue of shares worth Rs 200 crore and an offer for sale of 85 lakh equity shares by the promoters and existing shareholders