India's digital sign provider eMudhra lists at over 5% premium

Emudhra

01/06/2022 07:48

** Shares of e-signature provider  EMUD.NS  lists at 270
rupees, a premium of 5.5%; rise as much as 9% to a high of 279
rupees
    ** The initial public offering was subscribed 2.72 times
    ** EMUD is the one-stop shop solution provider in secure
digital transformation and is well-positioned to capture the
favourable industry dynamics in India and globally, HDFC
Securities said in pre-IPO note
    ** IPOs in India have lost their sheen recently amid
turbulent market conditions, with the country's record listing
of Life Insurance Corp of India  LIFI.NS  receiving a weak
reception  urn:newsml:reuters.com:*:nL2N2X906X
    ** Fintech firm Paytm  PAYT.NS  plunged in its debut last
November while other big listings such as food delivery firm
Zomato Ltd  ZOMT.NS  and cosmetics retailer Nykaa  FSNE.NS  are
also trading at large discounts to their IPO prices

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))