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MapmyIndia IPO - Listing Date, GMP & Subscription

C.E. Info Systems Ltd IPO listing date: Dec 21, 2021 on NSE, BSE. Listed at ₹1580 (+52.9%) vs issue price of ₹1033. Subscribed 154.71x overall (QIB: 378.22x). Price band: ₹1,000-₹1,033, lot size 14 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Dec 20, 2021

Key Dates

IPO Open DateDec 9, 2021

IPO Close DateDec 13, 2021

Allotment DateDec 16, 2021

Refund DateDec 20, 2021

Demat Credit DateDec 20, 2021

Listing DateDec 21, 2021

Issue Details

Price Band₹1,000-₹1,033

Issue Price₹1033

Face Value₹2

Lot Size14 shares

Min Investment₹14,462

Issue Size₹1,040 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓378x QIB - among highest in Indian IPO history

✓Monopoly-like position in Indian OEM maps

✓India's own maps platform

⚠100% OFS - founders exiting

⚠Customer concentration in automotive OEMs

About C.E. Info Systems Ltd

MapmyIndia is India's leading digital maps and geospatial software platform. It is the dominant mapping provider for Indian automotive OEMs, with maps embedded in most Indian cars.

Subscription Breakdown

Overall Subscription154.71x

QIB (Institutional)378.22x

NII (HNI)183.27x

Retail39.64x

Listing Price

₹1580

Listing Gain

+52.9%

Issue Price

₹1033

stoicHQ Analysis

Excellent 52.9% listing gain driven by unique positioning as India's Google Maps alternative. QIB demand was exceptional (378x - among the highest ever in India), reflecting institutional conviction in the geospatial moat. The OFS structure was overlooked given the quality of the business.

Technology / Maps2021All 2021 IPOs

IPO Listing Timeline

Previous IPO← Paytm IPO (listed Nov 18, 2021)Next IPOAdani Wilmar IPO (listed Feb 8, 2022) →

More IPOs from 2021

Zomato IPO+52.6%Nykaa IPO+78.0%Paytm IPO-27.3%

MapmyIndia IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Dec 20, 2021+₹547-+52.9%

Dec 13, 2021+₹480₹4200+46.5%

Dec 9, 2021+₹360₹3200+34.8%

Dec 7, 2021+₹280₹2400+27.1%

Dec 3, 2021+₹180₹1600+17.4%

MapmyIndia IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Dec 9)17.82x15.42x15.62x19.84x

Day 2 (Dec 10)69.30x108.24x72.42x31.20x

Day 3 (Dec 13)154.71x378.22x183.27x39.64x

Anchor Investors

Mirae Asset Mutual Fund₹52 crore

SBI Mutual Fund₹48 crore

HDFC Mutual Fund₹40 crore

Fidelity Funds₹36 crore

C.E. Info Systems Ltd - Financials at IPO

YearRevenuePATNet Margin

FY20₹1,044 crore₹65 crore6.2%

FY21₹1,092 crore₹78 crore7.1%

FY22₹1,461 crore₹112 crore7.7%

Listed Peers - Technology / Maps

ZomatoNew-Age Internet

+52.6% listing

NykaaNew-Age Internet

+78.0% listing

Frequently Asked Questions

When did MapmyIndia IPO list?

MapmyIndia (C.E. Info Systems) IPO listed on December 21, 2021 on NSE and BSE at ₹1,580, a 52.9% gain over the issue price of ₹1,033.

What was MapmyIndia IPO GMP?

The grey market premium (GMP) for MapmyIndia IPO peaked at ₹547 before listing, correctly forecasting the 52.9% listing gain. QIB subscription of 378x was among the highest in Indian IPO history.

What was MapmyIndia IPO subscription?

MapmyIndia IPO was subscribed 154.71x overall. QIB subscription was 378.22x, NII was 183.27x, and retail was 39.64x.

What is MapmyIndia and what does it do?

MapmyIndia (C.E. Info Systems) is India's leading digital maps and geospatial software platform. It provides mapping solutions for automotive OEMs, government agencies, and app developers - essentially India's own alternative to Google Maps.

What is the MapmyIndia IPO allotment date?

The allotment date for MapmyIndia IPO was December 16, 2021. Listing was on December 21, 2021.