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MapMyIndia IPO Stock Price: The MapMyIndia IPO opened on December 9th and the price range is fixed at Rs1,000-1,033.

New Delhi: The initial public offering (IPO) of CE Info Systems, which operates MapMyIndia, will be launched on Thursday, December 9th. The price range for the first sale of shares is fixed at Rs 1,000-1,033. This issue is available until December 13th.

Founded in 1992, MapMyIndia is a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India.

The first share sale is a complete sale (OFS) of 1,00,63,945 shares at a par value of 2 rupees by existing shareholders and promoters of the company. The company does not receive any revenue from this issue.

Among the promoters, Rashmi Verma sold 42,51,044 shares, other shareholders such as Qualcomm Asia Pacific Pte offloaded 27,01,407 shares, and Zenrin Co Ltd closed 13,69,961 shares via OFS. Sell ​​shares in

Investors can bid on at least 14 shares and 13 times that number. The company aims to procure Rs1,039.6 chlores via major routes.

CE Info Systems is a data and technology product and platform company that offers its own Digital Map as a Service (MaaS), Software as a Service (SaaS), and Platform as a Service (PaaS).

It provides products, platforms, application programming interfaces (APIs) and solutions across a variety of digital map data, software, and IoT for the (MapMyIndia) branded Indian market and the (Mappls) branded international market. To do.

The company has a strong customer base including PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safari, Goods and Service Tax Network (GSTN).

CE Info Systems recorded a profit of Rs 59.43 in the 2020-21 fiscal year. This was 23.19 rupees in the previous fiscal year. Revenues for the same period increased from 148.63 rupees to 152.46 rupees.

In the six months ending September 30, 2021, the company reported a net profit of 46.76 rupees with an income of 100.03 rupees.

50% of the net issuance is reserved for qualified institutional investors (QIB), while non-institutional investors are allotted a 15% stake. The retail portion is fixed at 35% of offers.

Axis Capital, JM Financial, Kotak Mahindra Capital Company, and DAM Capital Advisors have been appointed to manage this issue. Link Intime India has been appointed as the registrar for this issue.

MapMyIndia IPO Stock Price: The MapMyIndia IPO opened on December 9th and the price range is fixed at Rs1,000-1,033.

Source link MapMyIndia IPO Stock Price: The MapMyIndia IPO opened on December 9th and the price range is fixed at Rs1,000-1,033.

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