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MapmyIndia IPO is a book built issue of Rs 1,039.61 crores. The issue is entirely an offer for sale of 1.01 crore shares.
MapmyIndia IPO bidding started from December 9, 2021 and ended on December 13, 2021. The allotment for MapmyIndia IPO was finalized on Thursday, December 16, 2021. The shares got listed on BSE, NSE on December 21, 2021.
MapmyIndia IPO price band is set at ₹1000 to ₹1033 per share. The minimum lot size for an application is 14 Shares. The minimum amount of investment required by retail investors is ₹14,462.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the MapmyIndia IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to MapmyIndia IPO RHP for detailed information.
| IPO Date | December 9, 2021 to December 13, 2021 |
| Listing Date | December 21, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹1000 to ₹1033 per share |
| Lot Size | 14 Shares |
| Total Issue Size | 10,063,945 shares (aggregating up to ₹1,039.61 Cr) |
| Offer for Sale | 10,063,945 shares of ₹2 (aggregating up to ₹1,039.61 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
MapmyIndia IPO offers 7,044,762 shares. 2,012,789 (28.57%) to QIB, 1,509,592 (21.43%) to NII, 3,522,381 (50.00%) to RII. 251,598 RIIs will receive minimum 14 shares and (sNII) and (bNII) will receive minimum 196 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,012,789 (28.57%) | NA |
| NII (HNI) Shares Offered | 1,509,592 (21.43%) | |
| Retail Shares Offered | 3,522,381 (50.00%) | 251,598 |
| Total Shares Offered | 7,044,762 (100%) |
MapmyIndia IPO opens on December 9, 2021, and closes on December 13, 2021.
| IPO Open Date | Thursday, December 9, 2021 |
| IPO Close Date | Monday, December 13, 2021 |
| Basis of Allotment | Thursday, December 16, 2021 |
| Initiation of Refunds | Friday, December 17, 2021 |
| Credit of Shares to Demat | Monday, December 20, 2021 |
| Listing Date | Tuesday, December 21, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2021 |
Investors can bid for a minimum of 14 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 14 | ₹14,462 |
| Retail (Max) | 13 | 182 | ₹188,006 |
| Lot Size Calculator | |||
Rakesh Kumar Verma And Rashmi Verma are the company promoters.
| Share Holding Pre Issue | 61.71% |
| Share Holding Post Issue | 53.73% |
MapmyIndia is a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India. 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). The company provides products, platforms, application programming interfaces (APIs), and solutions across a range of digital map data, software, and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.
The digital maps offered by the company cover 6.29 Mn Km of roads in India, representing 98.50% of India's road network. The company's digital map data provides location, navigation, analytics, and other information for 7,933 towns, 6,37,472 villages, 17.79 Mn places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations, etc., and 14.51 Mn house or building addresses. The company's 'RealView' maps provide actual roadside and on-ground views based on over 400 Mn geo-referenced photos, videos, and 360-degree panoramas across India.
The company serves the BFSI, telecom, FMCG, industrials, logistics, and transportation sectors. MapymyIndia has also entered into various memorandums of understanding with key government organizations such as the Indian Space Research Organisation (ISRO), NITI Aayog, National eGovernance Division, Ministry of Electronics and Information Technology, and Government of India. Some of the company's customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, and Hyundai. The subscription fee, royalty, and annuity payments together contributed over 90% of the company's revenue for Fiscal 2021.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 4,659.58 | 4,268.56 | 3,578.26 | 3,392.59 | |
| Total Revenue | 1,225.79 | 1,922.74 | 1,634.78 | 1,633.35 | |
| Profit After Tax | 467.66 | 594.33 | 231.95 | 335.66 | |
The objects of the offer are to carry out the offer for the sale of 10,063,945 equity shares and achieve the benefits of listing the equity shares on the stock exchanges.
[Dilip Davda] While the company posted average performances for FY19 and FY20, super earnings since FY21 onwards remains a concern for the sustainability of such margins going forward. The issue is priced aggressively to encase the first mover tag. Based on financial parameters too the issue is highly-priced. Hence the cash surplus/risk seekers may consider investment for long term. Other may stay away. Read detail review...
The MapmyIndia IPO is subscribed 154.71 times on December 13, 2021 5:00:00 PM. The public issue subscribed 15.20 times in the retail category, 196.36 times in the QIB category, and 424.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 12.54 times
| Category | Subscription (times) |
|---|---|
| QIB | 196.36 |
| NII | 424.69 |
| Retail | 15.20 |
| Total | 154.71 |
| Listing Date | December 21, 2021 |
| BSE Script Code | 543425 |
| NSE Symbol | MAPMYINDIA |
| ISIN | INE0BV301023 |
| Final Issue Price | ₹1033 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,033.00 |
| ₹1,581.00 |
| ₹1,282.20 |
| ₹1,586.85 |
| ₹1,394.55 |
| NSE |
|---|
| ₹1,033.00 |
| ₹1,565.00 |
| ₹1,282.60 |
| ₹1,590.00 |
| ₹1,393.65 |
C.E. Info systems limited
First, Second, & Third Floor,
Plot. No. 237, Okhla Industrial Estate,
Phase- III, New Delhi 110 020, India
Phone: +91 11 4600 9900
Email: cs@mapmyindia.com
Website: https://www.mapmyindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ceinfo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
MapmyIndia IPO is a main-board IPO of 10,063,945 equity shares of the face value of ₹2 aggregating up to ₹1,039.61 Crores. The issue is priced at ₹1000 to ₹1033 per share. The minimum order quantity is 14 Shares.
The IPO opens on December 9, 2021, and closes on December 13, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MapmyIndia IPO using UPI as a payment gateway. Zerodha customers can apply in MapmyIndia IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MapmyIndia IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MapmyIndia IPO opens on December 9, 2021 and closes on December 13, 2021.
MapmyIndia IPO lot size is 14 Shares, and the minimum amount required is ₹14,462.
You can apply in MapmyIndia IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MapmyIndia IPO will be done on Thursday, December 16, 2021, and the allotted shares will be credited to your demat account by Monday, December 20, 2021. Check the MapmyIndia IPO allotment status.
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