eMudhra Limited

eMudhra Limited is a Bengaluru based digital trust services and enterprise solutions provider. The company is one of the largest licensed Certifying Authorities in India, issuing digital signature certificates that let individuals and organizations sign documents and transactions electronically. Beyond digital signatures, it offers SSL and TLS certificates, device certificates, and a broader suite of identity and authentication products used across banking, government, and enterprise customers. The company has issued more than 50 million digital signature certificates over its history and works with a large network of channel partners spread across the country, alongside a base of retail customers and enterprise clients as of the period leading up to the offer. eMudhra also operates internationally through its US subsidiary, eMudhra INC, and counts itself among a small set of certificate providers directly trusted by major software vendors including Microsoft, Mozilla, Apple, and Adobe. eMudhra positions itself as a one stop provider for secure digital transformation, combining certificate issuance with a wider identity and trust platform aimed at both public and private sector clients. The business has grown its revenue and profitability in the years leading up to the offer, and management has pointed to the shift toward paperless and remote transaction processes, both in India and overseas, as a continuing driver of demand for its services.

eMudhra raised approximately Rs 123.83 crore from anchor investors ahead of the offer, with about 48.37 lakh shares allocated to anchors at the cap price of Rs 256 per share.