According to a newspaper notice, CE Info Systems, which is best known for its MapmyIndia brand, has set the price range for its first public offering at Rs 1,000-1,033 per equity share with a face value of Rs 2 each.
The offer will begin on December 9 and end on December 13, with a floor price of 500 times the share’s face value and a cap price of 516.50 times. The company also revealed that the initial lot size will be 14 equity shares, with subsequent lots being in multiples of 14 shares.
At the higher price range, retail investors shall bid for at least fourteen units or one lot at Rs 14,462 and a maximum of thirteen lots or Rs 1,88,006.
The price-to-earnings ratio based on diluted EPS for FY21 at the upper end of the band is 93.99, compared to Nifty50’s 23.68, according to the business. At the upper band, the market capitalisation to consolidated revenue from operations for FY21 is 36.07.
The company’s initial public offering of 1,00,63,945 equity shares is fully an offer-for-sale by selling stockholders, including Qualcomm Asia Pacific Pte Ltd, the company’s largest shareholder. As a result, the company will not benefit financially from the IPO because all of the proceeds will go to the selling shareholders.
Rashmi Verma, an individual shareholder, will sell 42,51,044 equity shares, Qualcomm Asia Pacific Pte Ltd will sell 27,01,407 equity shares, and Zenrin Co Ltd will sell 13,69,961 equity shares through an offer for sale. Several other selling shareholders will also sell the remaining 17,41,533 equity shares.
CE Info Systems is a tech and data products and services organisation that delivers proprietary virtual platforms as a service (PaaS), software as a service (SaaS) and maps as a service (MaaS).
CE Info Systems made a profit of Rs 59.43 crore in FY21, a significant increase over the previous year’s profit of Rs 23.19 crore. Revenue increased to Rs 152.46 crore from Rs 148.63 crore in the same period last year.
The profit for the six months ending September increased to Rs 46.76 crore from Rs 17.86 crore the previous year. Revenue increased by Rs 100.03 crore in the same period, up from Rs 55.18 crore the previous year.
Q1. What is MapmyIndia’s initial public offering (IPO)?
C.E. Info Systems’ IPO is a main-board IPO. An initial public offering (IPO) is planned to raise Rs 1200 million for the company (IPO). The initial public offering (IPO) will be listed on both the BSE and the NSE.
Q2. When will the first public offering of MapmyIndia begin?
On December 9, 2021, QIB, NII, and Retail investors will be able to participate in the IPO.
Q3. What percentage of MapmyIndia is owned by IPO investors?
Investors have a 15% stake in NII, a 35% stake in Retail, and a 50% stake in QIB.
Q4. When will MapmyIndia be placed on the stock exchange?
MapmyIndia’s listing date has yet to be determined.
Q5. What is the IPO lot size for MapmyIndia?
MapmyIndia’s IPO lot size and minimum buy quantity are currently unavailable.
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