MapmyIndia IPO (C.E. Info systems limited IPO) Details and Grey Market Premium (GMP)

 MapmyIndia IPO

Key Points of the MapmyIndia IPO (C.E. Info systems limited IPO)

  • Issue Amount : ₹ 1039.61 Cr
  • Face Value : ₹ 2 per share
  • Price Band : ₹ 1000 to ₹ 1033
  • Lot Size : 15 shares
  • Issue break-up% : QIB: 50% NIB: 15% Retail: 35%

Important dates for MapmyIndia IPO (C.E. Info systems limited IPO)

  • IPO Open : Thursday, December 09, 2021
  • IPO Close : Monday, December 13, 2021
  • Finalization of basis of allotment : 16th December 2021
  • Refunds/Unblocking ASBA fund : 17th December 2021
  • Credit of equity shares to DP account : 20th December 2021
  • Trading commences : 21th December 2021

Grey Market Premium of MapmyIndia IPO (C.E. Info systems limited IPO)

In the following data we can see how the Grey Market Premium of MapmyIndia IPO (C.E. Info systems limited IPO) varied in last few days
13th Dec - Rs. 1050
12th Dec - Rs. 1000 
11th Dec - Rs. 1000 
10th Dec - Rs. 900 
09th Dec - Rs. 800
08th Dec - Rs. 800
07th Dec - Rs. 700
06th Dec - Rs. 750
05th Dec - Rs. 700
04th Dec - Rs. 700
03rd Dec - Rs. 600
02nd Dec - Rs. 350

MapmyIndia IPO (C.E. Info systems limited IPO) Subscription on 13th December 2021

SMapmyIndia IPO (C.E. Info systems limited IPO) is subscribed 9.25 times on 13th December 2021 11:00 am

Qualified Institutional Buyers (QIB) - 4.73 times Subscribed
Retail Individual Investors (RII) - 9.69 times Subscribed
Non Institutional investors (NII) - 14.23 times Subscribed

MapmyIndia IPO (C.E. Info systems limited IPO) Company background

The company is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”) and platform as a service (“PaaS”). As per the F&S Report, it is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. Having pioneered digital mapping in India in 1995, it has earned the market leadership position in this industry and built a strong moat by capitalizing on its early mover advantage, developing proprietary and integrated technologies, full stack product offerings, continuous innovation and robust sustainable business model. 

As of September 30, 2021, the company had serviced over 2,000 enterprise customers since its inception. During Financial Year 2021 and the six month period ended September 30, 2021, it had over 500 customers on the SaaS, PaaS and MaaS platforms. Its customers include marquee and renowned global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organisations. Some of its customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (“GSTN”). 

Its digital maps comprehensively cover India, and its digital maps cover 6.29 million kilometres of roads in India, representing 98.50% of India’s road network which was 6.39 million kilometres as at March 31, 2019 on a provisional basis as per the Annual Report of the Ministry of Road Transport & Highways, Government of India for the year 2020–2021. Its digital map data provides location, navigation, analytics and other information for 7,933 towns, 6,37,472 villages, 17.79 million places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations etc., and 14.51 million house or building addresses. Its AI-powered, four-dimensional (“4D”), high-definition (“HD”), information-rich (“IR”), multi-lingual, hyperlocal digital map twin digitally and geospatially represents the dynamically changing real world in near real time. Its ‘RealView’ maps provide actual roadside and on-ground views based on over 400 million geo-referenced photos, videos and 360-degree panoramas across India.

Financial Details of MapmyIndia IPO (C.E. Info systems limited IPO)

MapmyIndia IPO (C.E. Info systems limited IPO)


Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation

 

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