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

Dec 9, 2021 - Dec 13, 2021

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:

  • Pioneers of digital mapping in India having an early mover advantage
  • Leading the B2B and B2B2C market for digital maps and location intelligence in India
  • Proprietary technology and network effect resulting in competitive edge
  • Independent, global geospatial products and platforms company with strong data governance
  • Prestigious customers across sectors with strong relationships
  • Consistent profitable financial track record

Company Promoters:

Rakesh Kumar Verma And Rashmi Verma are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

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.

MapmyIndia IPO Details

IPO Opening Date Dec 9, 2021
IPO Closing Date Dec 13, 2021
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹1000 to ₹1033 per equity share
Market Lot 14 Shares
Min Order Quantity 14 Shares
Listing At BSE, NSE
Issue Size10,063,945 Eq Shares of ₹2
(aggregating up to ₹1,039.61 Cr)
Offer for Sale10,063,945 Eq Shares of ₹2
(aggregating up to ₹1,039.61 Cr)
QIB Shares OfferedNot more than 50% of the offer
Retail Shares OfferedNot less than 35% of the offer
NII (HNI) Shares OfferedNot less than 15% of the offer

MapmyIndia IPO Tentative Timetable

The MapmyIndia IPO open date is Dec 9, 2021, and the close date is Dec 13, 2021. The issue may list on Dec 21, 2021.

IPO Open Date Dec 9, 2021
IPO Close Date Dec 13, 2021
Basis of Allotment Date Dec 16, 2021
Initiation of Refunds Dec 17, 2021
Credit of Shares to Demat Account Dec 20, 2021
IPO Listing Date Dec 21, 2021

MapmyIndia IPO Lot Size

The MapmyIndia IPO market lot size is 14 shares. A retail-individual investor can apply for up to 13 lots (182 shares or ₹188,006).

Application Lots Shares Amount (Cut-off)
Minimum 1 14 ₹14,462
Maximum 13 182 ₹188,006

MapmyIndia IPO Promoter Holding

Pre Issue Share Holding 61.71%
Post Issue Share Holding 53.73%

MapmyIndia IPO Review

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...

MapmyIndia IPO Subscription Status (Bidding Detail)

The MapmyIndia IPO is subscribed 154.71 times on Dec 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

CategorySubscription (times)
QIB196.36
NII424.69
Retail15.20
Total154.71

MapmyIndia IPO Prospectus

MapmyIndia IPO Rating

1381
4.3
Rating:Rated 4.3 stars
Vote Here ...

MapmyIndia IPO Listing Date

Listing Date Tuesday, December 21, 2021
BSE Script Code 543425
NSE Symbol MAPMYINDIA
Listing In B Group of Securities
ISIN INE0BV301023
IPO Price ₹1033 per equity share
Face Value ₹2 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

MapmyIndia IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ceinfo@linkintime.co.in
Website: https://linkintime.co.in/

MapmyIndia IPO FAQs

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 equity share. The minimum order quantity is 14 Shares.

The IPO opens on Dec 9, 2021, and closes on Dec 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'MapmyIndia IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The MapmyIndia IPO opens on Dec 9, 2021 and closes on Dec 13, 2021.

MapmyIndia IPO lot size is 14 Shares and the minimum order quantity is 14 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MapmyIndia IPO will be done on Dec 16, 2021, and the allotted shares will be credited to your demat account by Dec 20, 2021. Check the MapmyIndia IPO allotment status.

The MapmyIndia IPO listing date is on Tuesday, December 21, 2021.

MapmyIndia IPO Message Board

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