The global digital trust services market, which includes transport layer security (TLS), secure sockets layer (SSL), digital signature certificates and internet of things, has a high potential for growth.<\/p>\n\n\n\n
The digital trust services market in India was valued at \u20b9377.73 crores in the financial year 2021. The market has grown at a CAGR of 15.9% over the past five years and is expected to grow by 17.1% through 2026.<\/p>\n\n\n\n
Digital signature certificate provider eMudhra Ltd. recently filed preliminary papers with capital markets regulator SEBI to raise funds through an initial share sale.<\/p>\n\n\n\n
The initial public offering comprises fresh issuance of equity shares worth \u20b9200 crores and an offer for sale of 85.1 lakh shares by promoters and existing shareholders. The company may consider raising \u20b939 crores through a pre-IPO placement, which would reduce the fresh issue size.<\/p>\n\n\n\n
eMudhra plans to use \u20b935 crores from the net proceeds for repayment or pre-payment of loans availed from Kotak Mahindra Bank. The company will utilize \u20b940.22 crores to fund working capital and \u20b946.36 crores for buying equipment and funding the development of data centres in India and overseas locations.<\/p>\n\n\n\n
The company will employ \u20b915 crores for funding expenditures related to product development and \u20b915.27 crores for business development, sales & marketing and other growth initiatives.<\/p>\n\n\n\n
eMudhra is one of India\u2019s largest t licensed certifying authorities with a market share of 37.9% in the digital signature certificates market as of fiscal 2021, after growing from 36.5% in fiscal 2020. The company is engaged in the business of providing digital trust services and enterprise solutions to individuals and organizations across industries.<\/p>\n\n\n\n
The Bengaluru-based company is a ‘one-stop shop’ player in secure digital transformation and provides a wide spectrum of services and solutions, ranging from the issuance of certificates to authentication and signing solutions.<\/p>\n\n\n\n
eMudhra recorded a total income of \u20b9132.45 crores in FY21, against \u20b9116.45 crores a year ago. Net profit stood at \u20b925.36 crores, versus \u20b9 18.42 crores in the previous year.<\/p>\n\n\n\n
The company\u2019s operations are subject to various domestic and international laws and regulations related to privacy and data security. The company or its clients may face regulatory scrutiny if any security breach occurs.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The global digital trust services market, which includes transport layer security (TLS), secure sockets layer (SSL), digital signature certificates and internet of things, has a high potential for growth. The digital trust services market in India was valued at \u20b9377.73 crores in the financial year 2021. The market has grown at a CAGR of 15.9% […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444,8],"tags":[9787],"class_list":["post-126025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","category-technology-stocks","tag-digital-signature"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126205,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-hexagon-nutrition-files-papers-to-raise-funds-through-ipo\/","url_meta":{"origin":126025,"position":0},"title":"IPO Alert: Hexagon Nutrition files papers to raise funds through IPO","author":"Nishad","date":"January 5, 2022","format":false,"excerpt":"The clinical nutrition sector, often referred to as the health and wellness sector, has a huge market in India. 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