Hello viewers, Today we have got another update and MapmyIndia IPO review of MapmyIndia company. Recently, they have announced to issue IPO in the share market from December 09, 2021, and will close on December 13, 2021. So, if you are willing to invest in their shares then you need to know about every detail regarding their lot size, price, and what are the special benefit they will give to their investors?
According to company motive, they are going to raise around ₹1040 crores through IPO and offer for sale up to 10,063,945 equity shares of ₹2 each. The extra benefit for the retail investor quota is 35% with QIB 50% and HNI 15%. Let’s explore the history of the company.
MapmyIndia IPO Review & All Details
CE info Systems a.k.a MapmyIndia is the primary digital map, geospatial software as well as location-based IoT technology provider all over India. They have distributed both private as well as government sectors.
The company has dealt with one of the top clients. The main focus of about data and technology products. For the past few years, they have been serving their products in large numbers.
The offers proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”). The company was legally registered in 1995.
MapmyIndia is a brad leader in this industry. They have built a strong business empire by capitalizing on an early mover advantage, innovative integrated technologies, full-stack product offerings, constant development.
They serve products, platforms, application programming interfaces (“APAI”) and clarify across a range of digital map data, software, and IoT for the Indian market under the company brand. Have a look at MapmyIndia company IPO details.
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MapmyIndia IPO Date & Price Band
| 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 Size | 10,063,945 Eq Shares of ₹2 (aggregating up to ₹1,039.61 Cr) |
| Offer for Sale | 10,063,945 Eq Shares of ₹2 (aggregating up to ₹1,039.61 Cr) |
| QIB Shares Offered | Not more than 50% of the offer |
| Retail Shares Offered | No less than 35% of the offer |
| NII (HNI) Shares Offered | No less than 15% of the offer |
MapmyIndia IPO Market Lot Size & GMP
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 |
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MapmyIndia IPO Date, Time Table, Allotment & Listing
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 Company Financial Reports
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | ₹163 | ₹122 | ₹33.57 |
| 2020 | ₹163 | ₹132 | ₹23.20 |
| 2021 | ₹192 | ₹114 | ₹59.43 |
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According to the company IPO details, the company has performed average between the Financial year of 2019 and 2020. If we say in this year 2021 they have done good But the main concern of the company might be consistency and profit margin. As well as they have increased the price of shares as compared to their financial reports. So, we would suggest that if you are a long-term investor and want to risk investing. Then you could go for it. For more company updates and IPO reviews keep following us on All Social Updates.