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Morgan Stanley and Goldman Place Bids to Buy in MapmyIndia IPO

05 August 20226 mins read by Angel One
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Morgan Stanley and Goldman Sachs are among the institutional investors who are looking to buy into the initial public offering of MapmyIndia. As per individuals close to this matter, leading asset management companies of India, including HDFC Mutual Fund and SBI Mutual Fund, have placed bids to participate in the anchor book.

To get more details regarding the anchor investment, read on!

MapmyIndia Has Reserved Shares Worth Less than Rs. 4 Billion

The company engaging in the provision of geospatial software solutions and state-of-the-art digital maps has allocated less than Rs. 4 billion worth of shares for the anchor investors. That said, MapmyIndia has received bids for over 30 times that amount as per individuals close to the matter. The initial share sale will value the Indian mapmaker at approximately Rs. 55 billion.

Anchor investors can place their bids officially on 8 December 2021. The initial public offering of this company will open for subscription on the next day.

In case you are looking to subscribe to this initial public offering, it is vital that you are aware of some key IPO-related information.

Don’t Forget These Essential MapmyIndia IPO Details

Here are some crucial details concerning the initial share sale of MapmyIndia:

  • IPO Closing Date: 13 December 2021
  • Face Value: 2 per share
  • Market Lot: 14 equity shares
  • Type of Issue: Book built issue
  • Listing at: BSEas well as NSE
  • IPO Price Band: 1,000-1,033per equity share 
  • Issue Size: 1,039.61 crores
  • Basis of Allotment Publication Date: 16 December 2021
  • Minimum Order Quantity:14 equity shares

By going public, MapmyIndia aims to reap the benefits of listing its shares on stock exchanges.

The table below shows what percentage of the public issue has been reserved for different categories of investors:

Investor Segment Reserved Portion
Retail Individual Investor (RII) A minimum of 35%
Qualified Institutional Buyer (QIB) A maximum of 50% of
Non-Institutional Investor (NII) At least 15%

A Quick Look at MapmyIndia

MapmyIndia offers APIs as well as solutions across an extensive range of digital map data, IoT technologies and software. Headquartered in New Delhi, it caters to various sectors in the Indian economy, which include telecom, BFSI, transportation, logistics, etc. This company provides its solutions to markets outside India under the brand name “Mappls”.

MapmyIndia’s digital maps cover 98.50% of the road network in India. These advanced maps offer extensive details, including analytics, location, etc., for over 6,37,400 villages across India.

Before you place the IPO order via the Angel One app, you must ensure to check certain aspects regarding the company, including the strengths and financials.

MapmyIndia’s Strengths

MapmyIndia has a competitive edge owing to the following reasons:

  • This company’s customer base includes prestigious companies, such as McDonald’s Corp., Mercedes-Benz, Flipkart, HDFC Bank, Hyundai, and Yulu.
  • MapmyIndia has a consistent track record with regard to financial performance.
  • This company’s proprietary technology gives it an edge over its industry peers.
  • MapmyIndia is a market leader in the B2C and B2B segments with regard to location intelligence digital maps in the country.
  • This company enjoys a first-mover advantage as it was the first organization to introduce digital mapping in this country.

MapmyIndia’s Financials at a Glance   

Here’s a table that represents some key financial highlights of MapmyIndia:

Financial Year Overall Revenue (Rs.) Total Assets (Rs.) Overall Expenses (Rs.) Net Profit after Tax (Rs.)
2018-2019 1,633.35 million 3,392.59 million 1,215.33 million 335.66 million
2019-2020 1,634.78 million 3,578.26 million 1,318.82 million 231.95 million
2020-2021 1,922.74 million 4,268.56 million 1,135.08 million 594.33 million

Final Word

With the Indian stock market on a bull run, a large number of internet startups are racing to launch their IPOs. Although most listings have been successful, the tepid debut of Paytm appears to be an exception. However, the IPO rush has not lost its intensity.

Contrary to higher-profile companies that launched their IPOs recently, for example, Zomato, MapmyIndia is profitable.

That said, if you are looking to apply for this forthcoming initial share sale, you must make sure to consider different factors, like the company’s weaknesses, financials, strengths, etc.

 

Frequently Asked Questions

  1. Who are the promoters of MapmyIndia?

The promoters of MapmyIndia are Rashmi Verma and Rakesh Kumar Verma.

  1. What is the promoter shareholding in MapmyIndia before the launch of the IPO?

The promoter shareholding before the launch of the public issue is 61.71%.

  1. Which company is the registrar to MapmyIndia IPO?

The registrar to the initial share sale of MapmyIndia is Link Intime India Private Ltd.

  1. Which companies are the merchant bankers for the initial public offering of MapmyIndia?

The book running lead managers of MapmyIndia IPO are as follows:

  • Kotak Mahindra Capital Company Limited
  • DAM Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
  • Axis Capital Limited
  • JM Financial Consultants Private Limited
  1. When will MapmyIndia shares get listed on NSE and BSE?

The listing date of MapmyIndia IPO is 21 December 2021.

 

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