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!
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.
Here are some crucial details concerning the initial share sale of MapmyIndia:
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:
|Retail Individual Investor (RII)
|A minimum of 35%
|Qualified Institutional Buyer (QIB)
|A maximum of 50% of
|Non-Institutional Investor (NII)
|At least 15%
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 has a competitive edge owing to the following reasons:
Here’s a table that represents some key financial highlights of MapmyIndia:
|Overall Revenue (Rs.)
|Total Assets (Rs.)
|Overall Expenses (Rs.)
|Net Profit after Tax (Rs.)
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.
The promoters of MapmyIndia are Rashmi Verma and Rakesh Kumar Verma.
The promoter shareholding before the launch of the public issue is 61.71%.
The registrar to the initial share sale of MapmyIndia is Link Intime India Private Ltd.
The book running lead managers of MapmyIndia IPO are as follows:
The listing date of MapmyIndia IPO is 21 December 2021.
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