Mapmyindia Share Price Target 2022 , 2023 , 2024 , 2025 & 2030

mapmyindia share price target Before the start of the IPO subscription, CE Info Systems (also known as Mapmyindia A) raised ₹311.88 crore. On Wednesday, the company said it had raised Rs 3.12 billion from major investors before selling its shares for the first time.

The company raised 311.88 crore from 34 anchor investors on December 8, a day before the launch and offered 30.19,183 shares at a price of Rs 1,033 per share to anchor investors. On Wednesday, December 8, the company issued 30.19,183 shares to anchor investors at a price of Rs 1,033 per share.

Private investors, whose exposure to the IPO cannot exceed a maximum of Rs 2 million, requested 3.28 times the shares offered. The non-institutional rich have withdrawn 1.17 times more shares than the shares reserved for this category. Qualified institutional buyers bid 1.11 times higher than the shares in this category.

CE Info Systems raised Rs 3.12 billion from 24 leading investors by holding 3.02 million shares at a price of Rs 1,033 per share ahead of the IPO. MapmyIndia’s parent company, CE Info Systems, sold these shares through an initial public offering (IPO), which became available for subscription on Thursday, December 9, and subscribed more than 50% of the shares a few hours later. The sale price is around Rs 1,039.6 crore, but the company will not get any funds from the IPO as all the funds will go to the selling shareholders.

The company has set a price range of Rs 1,000 to Rs 1,033 per share for the Rs 1,040 crore IPO. The company expects to raise Rs 1,039.6 crore through an all-offer-to-sale (OFS) issue, which is at the upper end of the price range.

The IPO is expected to open on December 9, 2021, with the closing date set for December 13, 2021. Answer – The opening and closing dates of this IPO have been updated. Opening date 9th December, 2021 Last date 13th December, 2021 Assignment date 16th December, 2021 Maturity date 17th December, 2021 Share loan date 20th December, 2021 Listing date 21st December, 2021 IPO Size Rs.

Mapmyindia Share Price Target 2022, 2023, 2024, 2025 and 2030

Gray Market Premium (GMP) is the informal market demand for shares listed on the Indian, BSE and NSE stock exchanges. The gray market shares of MapmyIndia have given overwhelming response with a premium of around Rs 800.

The principal managers of the stock issuance are Axis Capital, JM Financial, Kotak Investment Banking, DAM Capital and LINK Intime. Before investing in an IPO, you need to understand the fundamentals of the company. We provide detailed company overview and analysis on CE Info Systems IPO Date, Mapmyindia IPO Quotation, Subscription, CE Info Systems Limited IPO Placement, Gray Market Price and other detailed information (like Company History, Financial Position, Founders). , and other similar things. Answer- The company’s stock will be listed on the stock exchange on December 21, 2021.

Basis for completion of transfer December 16, 2021, Beginning of buy-back – December 17, 2021, Nomination of shares – December 20, 2021, Date of listing of shares – December 21, 2021 Information (MapmyIndia) Next week, December 16 , is scheduled for the year 2021, and the designated shares will be credited to the current accounts by December 20, 2021.

MapmyIndia is expected to be listed on BSE and NSE on 21st December. MapmyIndia is expected to be listed on BSE and NSE on 21st December. Shares of MapmyIndia can be listed on BSE and NSE on 21st December. Shares of MapmyIndia may appear on BSE and NSE on 21st December.

The Initial Public Offering (IPO) of MapmyIndia will hit the market on Thursday, December 9. The digital mapping company’s price range for the initial share sale has been set at Rs 1,000-1033 per share, with a par value of Rs 2 each. A total of 10,063,945 shares will be put up for public offering under MapmyIndia IPO – for a fresh issue and 10,063,945 shares for an offer for sale of shares.

MapMyIndia’s IPO, on which Apple Maps operates, is an outright offer of sale (OFS) of up to 10,063,945 shares from existing shareholders and founders. Investor Qualcomm [QCOM] And Genrin Company will offer 7.5 million shares. Although the company did not disclose the cost of the IPO, Reuters says the offer could be priced between $137.1 million and $164.56 million. The Delhi-based company is backed by semiconductor company Qualcomm and Japanese digital mapping company Zenrin.

MapmyIndi ​​is an independent global geospatial products and platforms company. It is an independent IoT map, geospatial information and localization company that can collaborate with various partners in all walks of life. MapmyIndi ​​provides products, platforms, application programming interfaces (“APIs”) and solutions in the Indian market under one brand MapmyIndi ​​and in the global market under the Mappls brand. They provide a range of digital map data, software and Internet of Things products, platforms, application programming interfaces (“APIs”) and solutions (Malaysia) for the Indian market under the brand name (MapmyIndia) and under the international brand name . Market. Puth).

Furthermore, they offer a wider range of location software and IoT-enabled technologies than other players. N-Case Automotive & Mobility Solution Suite – Mapmyindia delivers hyper-local, content-rich, offline, online and hybrid turn-by-turn navigation systems including connected navigation solutions, in-car commerce and voice assistants.

There is no listed company in India that engages in activities like MapmyIndia. Although there are huge global players and they are very strong in their supply segments, no other major player MapmyIndia offers the widest range of products and services. MapmyIndia is profitable, unlike many existing high-profile but unprofitable startups like Zomato Ltd, which is fueling India’s tech IPO boom.

MapmyIndia, located in the Delhi suburb of Okhla, is backed by Qualcomm Inc. and Walmart Inc-owned payments company PhonePe. The rise in the Indian stock market has inspired a multitude of internet startups to go public. However, the IPO trend is not stopping, MapmyIndias and at least three more shares are expected to be sold this week. Subscribe to the Mint newsletter * Please enter a valid email address * Thank you for subscribing to our newsletter.

MapmyIndia IPO Begins 12/09/2021 MapmyIndia IPO 12/13/2021 Closes 12/21/2021 Important Dates related to MapmyIndia Offers, Assignments, Listing, Redemption etc.

MapmyIndia said anchor investors can formally submit bids on December 8, while the sale of public shares will take place from December 9-13. The offer for sale includes shares of existing shareholders including PhonePe, Zenrin, Rashmi Verma, Rakesh Kumar Verma, Qualcomm and Nayan Arun Jagjivan.

The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The issue is fully up for sale and the company’s existing shareholders and advertisers will sell 1.06 million shares.

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