eMudhra Limited’s Initial Public Offering to open on May 20, 2022, sets price band at ₹243 to ₹256 per Equity Share

· Price Band: ₹ 243 – ₹ 256 per equity share.

· Bid/Offer Opens: Friday, May 20, 2022

· Bid/Offer Closes: Tuesday, May 24, 2022

· Bid Lot: 58 Equity Shares

· Pre-IPO placement of 1,603,617 Equity Shares for a cash price of ₹ 243.20 per Equity Share for an aggregate amount of ₹ 39 crore to Baring Private Equity India AIF 2, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar, and Krishna Kumar.

· Approx. IPO Size: ₹ 412.79 crore (Fresh ₹ 161 crore + OFS ₹251.79 crore)

· Fresh Issue ₹ 161 crore

· OFS: 9,835,394 shares

· Anchor Date: Thursday, May 19, 2022

· QIB allocation: not more than 50%

· NII allocation: not less than 15%

· RIB allocation: not less than 35%

· IIFL Securities Ltd, Yes Securities (India) Ltd and Indorient Financial Services Ltd are the Book Running Lead Managers to the issue.