INSUBCONTINENT EXCLUSIVE:
MapmyIndia has repaired cost band of Rs 1,000-1033 per share for the IPOMapmyIndia's share sale through initial public offering (IPO) was
subscribed 6.16 times on the second day of concern, according to subscription information on the stock market
The IPO of the leading service provider of sophisticated digital maps, geospatial software, and location-based IoT technologies, opened on
December 9 for membership and will close on December 13
On Friday, the portion scheduled for retail specific investors was subscribed 7.17 times - the highest amongst the 3 groups of financiers
The portion reserve for certified institutional buyers or QIB was subscribed 4.32 times, while the portion scheduled for non-institutional
investors was subscribed 6.27 times.The business has fixed cost band of Rs 1,000-1033 per share and a retail financier can bid for minimum
one great deal of 14 shares approximately optimum of 13 lots
One great deal of MapmyIndia shares will cost Rs 14,462 at the upper range of the cost band.The company is preparing to raise Rs 1,040 crore
from the general public offer
The financiers including Rashmi Verma, Qualcomm Asia Pacific and Zenrin Co
Limited are selling shares in the IPO
Owned by CE Information Systems, MapmyIndia has built maps for more than six million km, covering 98.5 percent of the country's roadway
networks under the MapmyIndia brand name
The total Indian addressable market of digital maps and place based intelligence services is expected to grow to $7.74 billion in 2025 at
around 15.5 percent CAGR from 2019 to 2025
MapmyIndia is all set to capitalize the rapid development opportunity being the marketplace leader
It likewise has an early mover benefit and a successful organization model with consistent financial track record and strong capital
The valuation appears to be partially rich, hence we recommend a Subscribe-Long Term ranking to this IPO, said domestic brokerage firm
Anand Rathi in its IPO note.
