Baring India invests in eMudhra's Rs.124-Cr from anchor issue

Digital signature certificate provider eMudhra has raised INR 124 crore from anchor investors ahead of its initial public offering. The company has allocated 48,37,336 equity shares to anchor investors - including Baring Private Equity India - at INR 256 per share, aggregating the transaction size to INR 123.83 crore. The IPO, which is expected to fetch INR 412.79 crore, has IIFL Securities, Yes Securities and Indorient Financial Services as the book running lead managers.