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

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

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

IPO Details

IPO Opening DateDec 09, 2021
IPO Closing DateDec 13, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹1000 - 1033 per equity share
Market Lot14 Shares
Min Order Quantity14 Shares
Listing AtBSE, NSE
Issue Size₹1,039.61 Cr
Fresh Issue-
Offer for Sale10,063,945 Eq Shares of ₹2 (aggregating up to ₹1,039.61 Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.47x 1.17x 3.27x 0x - 2.02x
Day 2 4.32x 6.26x 7.17x 0x - 6.16x
Day 3 196.36x 424.69x 15.2x 0x - 154.71x

IPO Tentative Timetable

The MapmyIndia (C.E. Info systems limited) IPO open date is Dec 09, 2021, and the close date is Dec 13, 2021. The issue may list on Dec 21, 2021.

IPO Open DateDec 09, 2021
IPO Close DateDec 13, 2021
Basis of Allotment DateDec 16, 2021
Initiation of RefundsDec 17, 2021
Credit of Shares to Demat AccountDec 20, 2021
IPO Listing DateDec 21, 2021

IPO Lot Size

The MapmyIndia (C.E. Info systems limited) IPO market lot size is 14 shares. A retail-individual investor can apply for up to 13 lots (182 shares or ₹188006).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding61.71%
Post Issue Share Holding53.73%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 426.88 192.27 59.43
31-Mar-20 357.82 163.48 23.20
31-Mar-19 339.26 163.33 33.56

Objects of the Issue:

The objects of the offer are to carry out the offer for the sale of equity shares and achieve the benefits of listing the equity shares on the stock exchanges.


MapmyIndia (C.E. Info systems limited) IPO Registrar:

Link Intime India Private Ltd

MapmyIndia (C.E. Info systems limited) IPO Lead Manager(s):

Axis Capital Limited, DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd), JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited