91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

eMudhra Limited IPO Analysis

eMudhra IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 412.79 Cr. The company is based in Bangalore and caters to Information Technology - Data Solutions sector. Indorient Financial Services , IIFL Securities , Yes Securities (India) are the merchant bankers of eMudhra IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 12th November 2021.

eMudhra IPO posted revenues of ₹ 184.40 crores and PAT of ₹ 40.45 crores in FY22 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 182.99 Cr.
            EBITDA: ₹ 67.15 Cr.
            PAT: ₹ 40.45 Cr.
  • EBITDA Margin: 36.69 %
            Pat Margin: 22.11 %
  • Net Worth: ₹ 141.52 Cr.
  • Market Capitalisation: ₹ 1998.65 Cr.
  • P/E: 49.42 times
  • P/BV: 3.61 times
  • EV/EBITDA: 30.23 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

eMudhra Limited IPO Financial Performance (Restated)

Financial results of eMudhra IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-21 FY21 FY20 FY19
Balance Sheet
Assets 254.11 191.91 158.71 119.51
Net Worth 141.52 116.60 93.08 75.64
Total Debt 44.80 30.79 38.70 26.53
Profit & Loss
Revenue
Revenue on annualised basis
137.24
182.99
131.59 116.45 101.58
EBITDA
EBITDA on annualised basis
50.36
67.15
40.79 32.29 32.31
PAT
PAT on annualised basis
30.34
40.45
25.36 18.42 17.43
Financials
30-Dec-21
FY21
FY20
FY19
Balance Sheet
Assets
254.11
191.91
158.71
119.51

Net Worth
141.52
116.60
93.08
75.64

Total Debt
44.80
30.79
38.70
26.53

Profit & Loss
Revenue
Revenue on annualised basis
137.24
182.99
131.59
116.45
101.58

EBITDA
EBITDA on annualised basis
50.36
67.15
40.79
32.29
32.31

PAT
PAT on annualised basis
30.34
40.45
25.36
18.42
17.43

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

eMudhra Limited IPO Key performance Indicators (KPI)

eMudhra IPO PAT Margin is 22.11 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows eMudhra IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-21 FY21 FY20 FY19
EBITDA Margin (%) 36.69 31.00 27.73 31.81
PAT Margin (%) 22.11 19.27 15.82 17.16
EPS (₹) 4.36 2.49 2.37 2.40
ROE (%) 21.44 21.75 19.79 23.04
ROCE (%) [●] [●] [●] [●]
ROA (%) 11.94 13.21 11.61 14.58
Debt to Equity 0.32 0.26 0.42 0.35
Particulars
30-Dec-21
FY21
FY20
FY19

EBITDA Margin (%)
36.69
31.00
27.73
31.81

PAT Margin (%)
22.11
19.27
15.82
17.16

EPS (₹)
4.36
2.49
2.37
2.40

ROE (%)
21.44
21.75
19.79
23.04

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
11.94
13.21
11.61
14.58

Debt to Equity (x)  
0.32
0.26
0.42
0.35

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

eMudhra IPO Valuation Metrics

The market Capitalisation of eMudhra IPO is ₹ 1998.65 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1998.65

Enterprise Value (EV) (₹ Cr.):
2,029.85

EV/EBITDA (times) :
30.23

PE Multiple (times) :
49.42

P/B (times) :
3.61

NAV (₹) :
20.02

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in eMudhra Limited prospectus?

The eMudhra IPO prospectus highlights an Return on Equity (ROE) of 21.44 % , Return on Assets (ROA) of 11.94 %, and an EBITDA Margin of 36.69 %, showcasing financial performance.

How do profitability ratios impact the evaluation of eMudhra Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows eMudhra IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for eMudhra Limited IPO ?

The post-IPO market capitalisation of eMudhra IPO is ₹ 1998.65 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of eMudhra Limited IPO?

The eMudhra IPO has a Price-to-Earnings (PE) ratio of 49.42 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of eMudhra IPO?

eMudhra IPO reported revenue of ₹ 184.40 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from eMudhra IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of eMudhra IPO?

eMudhra recorded an EBITDA of ₹ 67.15 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of eMudhra IPO?

eMudhra Profit After Tax (PAT) is ₹ 40.45 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 182.99 Cr.
            EBITDA: ₹ 67.15 Cr.
            PAT: ₹ 40.45 Cr.
  • EBITDA Margin: 36.69 %
            Pat Margin: 22.11 %
  • Net Worth: ₹ 141.52 Cr.
  • Market Capitalisation: ₹ 1998.65 Cr.
  • P/E: 49.42 times
  • P/BV: 3.61 times
  • EV/EBITDA: 30.23 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

eMudhra operates in Information Technology - Data Solutions and Providing Digital Trust Services And Enterprise Solutions. The Issue is listed on BSE,NSE in Jun, 2022. eMudhra IPO size was 412.79 with Issue price of 256.00 .

Merchant Banker(s) of eMudhra IPO: Indorient Financial Services Limited , IIFL Securities Limited , Yes Securities (India) Limited

eMudhra IPO subscription was 2.72 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

eMudhra IPO listed at a listing price of 258.85 against the offer price of 256.00.

The current market price of eMudhra is 769.25.

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