INSUBCONTINENT EXCLUSIVE:
MapmyIndia IPO received an overwhelming response on the last day of its issueThe initial public offer (IPO) of CE Info Systems Limited, the
its brand name "MapmyIndia", the company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm
Zenrin.The IPO received bids for over 108.98 crore shares against over 70.44 lakh shares on offer, as per an update on the National stock
exchange.The non-institutional investors category was subscribed 424.69 times, while qualified institutional buyers (QIBs) portion received
196.36 times subscription
share.The company provides advanced digital maps, geospatial software and location-based IoT technologies and among others, it powers Apple
maps.Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Ltd and DAM Capital Advisors Ltd were the managers to the
