Digital Signature startup eMudhra files RHP for IPO

Digital signature certificate provider eMudhra has filed its red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI), offering fresh shares as well as an offer for sale from the existing stakeholders. eMudhra is raising INR 161 Cr via a fresh sale of shares, while its promoters and stakeholders are selling 9.835 million shares in total. The Bengaluru-based online authentication provider claims to have issued more than 50 Mn digital certificates and that all of the banks in India use the eMudhra platform for trust and authentication. eMudhra works with governments and banks across the world on their paperless transformation journey.