7. Financials eMudhra reported revenue from operations of Rs 1 | Start Learning

7. Financials
eMudhra reported revenue from operations of Rs 131.59 crore for FY21, growing by 13 percent over Rs 116.45 crore revenues reported in FY20. For the nine months ended December 2021, the company had achieved revenues of Rs 137.24 crore.
The company has consistently achieved a double digit growth in its profit after tax (PAT) since FY19. It recorded a PAT of Rs 18.4 crore in FY20 which jumped 38 percent to Rs 25.36 crore in FY21. Profit for the nine months ended December 2021 was at Rs 303.34 crore.
The EBITDA (earnings before interest, tax, depreciation and amortization) margins for FY20 stood at 27.73 percent which improved by 327 bps to 31 percent in FY21. For the first nine months of current fiscal, the EBITDA margins is prevailing at 36.4 percent.
Net margins for FY20 came in at 15.8 percent whereas for FY21 it was 19.27 percent and 22.11 percent for the nine months ended December 2021.

8. Strengths and business strategy
eMudhra gains its strength from being the largest licensed certifying authority in India. It is a one-stop shop solution provider in secure digital transformation and is well-positioned to capture the favourable industry dynamics in India and overseas. It possesses technology certifications, accreditations and membership in international bodies which puts in the league of very few international players that have these certifications. It has the advantage of diverse, longstanding and growing customer base and partnerships with leading Indian and global channel partners and enterprise solution partners.

9. Pre-IPO Placement
The company has done a Pre-IPO placement of 1,603,617 equity shares for a cash price of Rs 243.20 per equity share for an aggregate amount of Rs 39 crore to Baring Private Equity India AIF 2, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar, and Krishna Kumar.

10. Grey Market, Allotment & Listing Dates
The company’s shares are not commanding any premium in the grey market currently, according to IPO Watch and IPO Central, both of which track the grey market movements. Shares will be allotted to successful bidders on May 27, and the refund to unsuccessful bidders will be credited their accounts on May 30. Shares will be credited to the demat account of the successful bidders by May 31 and the stock will debut on the bourses on June 1.