MapmyIndia IPO will open for subscription on December 9 and will close on December 13.The initial public offer (IPO) of MapmyIndia - leadingleading provider of advanced digital maps, geospatial software, and location-based IoT technologies, opens tomorrow - December 9.
Owned by CE Info Systems, the company has built maps for more than sixmillion km, covering 98.5 percent of the country's road networks under the MapmyIndia brand.
Here's all you need to know aboutMapmyIndia IPO:IPO Dates:The offer will open for subscription on December 9, 2021, and will close on December 13.Price Band:MapmyIndia hasfixed a price band of Rs 1,000- Rs 1,033per equity share for the IPO.IPO Offer Details:The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders and promoter.The OFS comprises sale of up to 42.51 lakh equity shares by Rashmi Verma, up to 27.01 lakh equity shares by Qualcomm Asia Pacific Pte Ltd and up to 13.7 lakh equity shares by Zenrin Co Limited.Lot Size:Investors can bid for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter.
Retail investors can invest a minimum of Rs 14,462 for one lot, and their maximum investment would be Rs 1,88,006 for 13 lots.IPO Objectives:Through thepublic issue, the company aims 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.ProfileThe 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 MapmyIndiabrand, and for the international market under the Mapplsbrand.