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MapmyIndia IPO

MapmyIndia has been the pioneer of digital mapping in this country since 1995. Following its formation, the company has been at the forefront of this industry and, over the years, competing with various MNCs like Google maps and likes. MapmyIndia or CE Info Systems’ services are not limited to digital mapping; they develop location-based IoT Technologies and geospatial software. MapmyIndia has a comprehensive collection of SaaS and PaaS products that helps in logistics, transportation, mobility, navigation and advanced mapping, telematics, analysis of geospatial data, and likes. The products and technologies developed by MapmyIndia are primarily in-house, and the company caters to a domestic and international client base. Currently, this company has more than 700 employees and a presence in two international locations, USA and Japan.

MapmyIndia IPO Objectives :

- To complete the sale of 1,00,63,945 shares through OFS

- Achieving the benefits of listing on the stock exchange

MapmyIndia IPO - Details

The draft red herring prospectus submitted by the company indicates that it plans to raise about Rs. 1,040 crores through this public issue. However, this public offering will only include an offer for sale of 10,063,945 shares. The face value of shares here is at Rs. 2 per equity share. This initial public offering will go live on 9 December 2021 and close on 13 December 2021.

Here is the classification of share allocation as per different categories –
1. For Qualified Institutional Buyers, it is not more than 50%
2. For Retail Individual Investors, it is 35%
3. For Non-institutional Investors, it is 15%
With the help of this OFS, existing promoters and investors will dilute their stake in the firm. Moreover, the company has appointed the following as the book running lead managers of this public issue –
1. Axis Capital Limited
2. Kotak Mahindra Capital Company Limited
3. JM Financial Limited
4. DAM Capital Advisors Limited Additionally, Link Intime India Private Limited is the registrar of this public issue.

Opening Date

9 Dec 2021

Closing Date

13 Dec 2021

Price Band

₹1000 to ₹1033

per equity share

Issue Size

₹1,039.61 Cr

Face Value

₹ 2

per equity share

Market Lot

33 Shares

Opening Date

9 Dec 2021

Closing Date

13 Dec 2021

Price Band

₹1000 to ₹1033

per equity share

Issue Size

₹1,039.61 Cr

Face Value

₹ 2

per equity share

Market Lot

33 Shares

Listing at NSE, BSE

Shriram Properties IPO Important Dates

IPO Open Date 9 Dec 2021
IPO Close Date 13 Dec 2021
Basis Of Allotment Date 16 Dec 2021
Initiation Of Refunds 17 Dec 2021
Credit Of Shares To
Demat ACcount
20 Dec 2021
IPO Listing Date 21 Dec 2021

MapmyIndia IPO Latest News and Subscription Status Today [Live]

At 10:40:00 AM.

- This IPO has been subscribed 9.27x by 10:40 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 4.73x
- (NII) Non-institutional buyers: 14.25x
- (RII) Retail Individual buyers: 9.73x

At 12:10:00 AM.

- This IPO has been subscribed 17.24x by 12:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 6.17x
- (NII) Non-institutional buyers: 47.39x
- (RII) Retail Individual buyers: 10.65x

At 1:10:00 AM.

- This IPO has been subscribed 30.33x by 1:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 17.49x
- (NII) Non-institutional buyers: 91.63x
- (RII) Retail Individual buyers: 11.40x

At 2:10:00 AM.

- This IPO has been subscribed 30.33x by 2:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 54.93x
- (NII) Non-institutional buyers: 229.04x
- (RII) Retail Individual buyers: 12.48x

At 3:10:00 AM.

- This IPO has been subscribed 131.20x by 3:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 154.97x
- (NII) Non-institutional buyers: 374.55x
- (RII) Retail Individual buyers: 13.33x

At 4:10:00 AM.

- This IPO has been subscribed 154.57x by 4:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 196.36x
- (NII) Non-institutional buyers: 424.69x
- (RII) Retail Individual buyers: 14.93x

At 5:10:00 AM.

- This IPO has been subscribed 154.57x by 5:10 AM. on Day 3
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 196.36x
- (NII) Non-institutional buyers: 424.69x
- (RII) Retail Individual buyers: 15.20x

At 10:40:00 AM.

- This IPO has been subscribed 2.47x by 10:40 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.46x
- (NII) Non-institutional buyers: 1.41x
- (RII) Retail Individual buyers: 4.08x

At 11:40:00 AM.

- This IPO has been subscribed 2.70x by 11:40 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.46x
- (NII) Non-institutional buyers: 1.58x
- (RII) Retail Individual buyers: 4.47x

At 12:40:00 AM.

- This IPO has been subscribed 0.90x by 12:40 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.11x
- (NII) Non-institutional buyers: 1.89x
- (RII) Retail Individual buyers: 5.30x

At 2:10:00 AM.

- This IPO has been subscribed 3.37x by 12:40 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.11x
- (NII) Non-institutional buyers: 1.89x
- (RII) Retail Individual buyers: 5.30x

At 3:10:00 AM.

- This IPO has been subscribed 4.13x by 3:10 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.49x
- (NII) Non-institutional buyers: 2.92x
- (RII) Retail Individual buyers: 6.15x

At 4:10:00 AM.

- This IPO has been subscribed 4.74x by 4:10 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.66x
- (NII) Non-institutional buyers: 4.42x
- (RII) Retail Individual buyers: 6.63x

At 5:10:00 AM.

- This IPO has been subscribed 6.16x by 5:10 AM. on Day 2
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 4.32x
- (NII) Non-institutional buyers: 6.27x
- (RII) Retail Individual buyers: 7.17x

At 10:40:00 AM.

- This IPO has been subscribed 0.38x by 10:40 AM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.75x

At 11:40:00 p.m.

- This IPO has been subscribed 0.69x by 11:40 AM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 1.36x

At 12:40:00 p.m.

- This IPO has been subscribed 0.90x by 12:40 AM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.09x
- (RII) Retail Individual buyers: 1.76x

At 1:40:00 p.m.

- This IPO has been subscribed 1.15x by 1:40 PM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.15x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 2.14x

At 3:10:00 p.m.

- This IPO has been subscribed 1.42x by 3:10 PM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.25x
- (NII) Non-institutional buyers: 0.33x
- (RII) Retail Individual buyers: 2.55x

At 4:10:00 p.m.

- This IPO has been subscribed 1.04x by 4:10 PM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.13x
- (NII) Non-institutional buyers: 0.60x
- (RII) Retail Individual buyers: 1.76x

At 5:10:00 p.m.

- This IPO has been subscribed 2.02x by 5:10 PM. on Day 1
- It is a public issue of 70,44,762 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.46x
- (NII) Non-institutional buyers: 1.17x
- (RII) Retail Individual buyers: 3.28x

Why Should I Invest in MapmyIndia IPO?

Here are some notable reasons why investing in the public issue of MapmyIndia is a good idea –

1. MapmyIndia is the pioneer of digital mapping in this country. It began in 1995 and had the early mover advantage.
2. It is the largest company in the B2B and B2B2C market of digital mapping and associated services.
3. The proprietary technology of MapmyIndia gives it an edge over its immediate competitors.
4. MapmyIndia caters to a series of domestic and international brands from various sectors.

Financial Highlights

Financial Year Total Assets Total Income Total Expenses Profit After Tax
March FY2021 Rs. 4,268.56 Rs. 1,922.74 Rs. 1,135.08 Rs. 594.33
March FY2020 Rs. 3,578.26 Rs. 1,634.78 Rs. 1,318.82 Rs. 231.95
March FY2019 Rs. 3,392.59 Rs. 1,633.35 Rs. 1,215.33 Rs. 335.66
**Amount is mentioned in millions

How to apply for MapmyIndia IPO?

You can apply for the MapmyIndia IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book MapmyIndia IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for MapmyIndia IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

MapmyIndia IPO – Noteworthy Highlights

Here are some important pointers about MapmyIndia that prospective investors should learn before investing –

1. MapmyIndia has been in operation for more than two decades and is a leading organisation in this field. In this period, the company has curated a market reputation that is second to none.
2. The clientele of CE Info Systems includes Apple, Amazon, Maruti Suzuki, MG Motors, Flipkart, McDonald's, SBI, Grofers, Bajaj Finserv, and many others.
3. The company currently operates at an international level, with offices outside India. It gives MapmyIndia global exposure.
4. The product portfolio of CE Info Systems is not limited to digital mapping; it offers a host of other services.
5. The financials of MapmyIndia reflects a consistent track record of generating profit.

MapmyIndia IPO - SWOT Analysis

strengths

Strengths

  • Market position: Currently, MapmyIndia is the market leader in its segment in India, both in terms of products and revenue.
  • Strong financial base: The company’s balance sheet reflects its financial strengths. It allows the firm to invest in various areas and expand its services.
  • Extensive product portfolio: The product portfolio of MapmyIndia is extensive and includes digital mapping, telemetry, navigation, and more.
Weaknesses

Weaknesses

  • India focused business: The primary business of MapmyIndia is India focused. So, the company needs to further expand its business to improve its global presence.
Opportunities

Opportunities

  • Rising demand for navigation and associated technologies: The demand for navigation and other associated technologies is on the rise, increasing this company’s business potential.
Threats

Threats

  • Competition from Google: Goggle maps, which is the only well-known mapping and navigation service, is yet to be fully operational in India. Once that happens, MapmyIndia will have a strong competitor to go against, and that can be a serious threat to the company.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Market position: Currently, MapmyIndia is the market leader in its segment in India, both in terms of products and revenue.
  • Strong financial base: The company’s balance sheet reflects its financial strengths. It allows the firm to invest in various areas and expand its services.
  • Extensive product portfolio: The product portfolio of MapmyIndia is extensive and includes digital mapping, telemetry, navigation, and more.

Weaknesses 

  • India focused business: The primary business of MapmyIndia is India focused. So, the company needs to further expand its business to improve its global presence.

Opportunities 

  • Rising demand for navigation and associated technologies: The demand for navigation and other associated technologies is on the rise, increasing this company’s business potential.

Threats 

  • Competition from Google: Goggle maps, which is the only well-known mapping and navigation service, is yet to be fully operational in India. Once that happens, MapmyIndia will have a strong competitor to go against, and that can be a serious threat to the company.

Competitive Analysis: Market Peers

As of writing, there are no listed market peers of MapmyIndia or CE Info Services in India.

MapmyIndia IPO FAQs

What is the application process for the public issue of MapmyIndia through the Angel One App?

To apply for an IPO using the Angel One app, follow the steps mentioned below –
Step 1: Go to the ‘investment opportunities’ section on the mobile app of Angel One
Step 2: Visit the ‘IPOs and FPOs’ section and provide the needed information
Step 3: Enter your UPI handle certified by NPCI
Step 4: After that, click on ‘invest’ and submit your bid for this MapmyIndia IPO

I cannot locate my UPI ID in the dropdown menu of the Angel One App while applying for this IPO. What can be the reason?

In case you are unable to find your UPI ID under the dropdown menu of the Angel One App, it signifies that your current UPI ID may not have NPCI’s approval. In such an instance, you can just generate a new one with any of the UPI handles approved and mentioned under the NPCI List.

Can I bid for this public issue of MapmyIndia utilising a bank account that is not connected with the Angel One app?

Yes, you can bid for this public issue MapmyIndia utilising a bank account, which is not linked with the Angel One app. In such instances, this concerned bank account must be in your name.

Is it imperative to approve a UPI mandate as soon as I receive it?

Yes, it is imperative to approve a UPI mandate for this MapmyIndia IPO or any other public issue as soon as you receive it. Nevertheless, these windows of approval remain active from the closing bell of the previous working day to 12 noon the following one.

Is it possible to apply for the public issue of MapmyIndia without utilising a UPI ID?

Yes, it is possible to apply for the IPO of MapmyIndia without using a UPI ID. To do that, you can take the assistance of the ASBA process provided by your respective banks. However, in case you do not have a UPI ID currently, you can easily generate one without any delays by resorting to any of the UPI handles mentioned on the NPCI List.

Can I change my IPO bid for MapmyIndia’s public issue after submitting the application?

Yes, you can change the IPO bid for this MapmyIndia’s public issue even after submitting its final application. Here, you have the opportunity to change your UPI ID and the lot size. However, a point to remember here is that, if you make any changes following the approval of your UPI mandate request, it will be then regarded as a new bid. Therefore, banks will block your bid amount besides your existing one. Additionally, you will get a new UPI mandate request like before.

How to create a UPI ID using the BHIM app?

To create a UPI ID using the BHIM app, you can refer to the steps mentioned below –
Step 1: Download and install the BHIM UPI app on your mobile phone
Step 2: Check and validate your mobile number and generate a PIN or password required to access this app
Step 3: Select a bank from the list of financial institutions mentioned on NPCI’s list of registered services providers
Step 4: BHIM UPI App will then get your bank account information without any input from you
Step 5: Alternatively, in case you have more than one bank account, select one that you want to register and link with this app
Step 6: Set up a personal UPI ID for security reasons After that, you can check your UPI ID in the ‘Profile’ section of this app.

What is the process of accepting a UPI mandate request for this public offering of MapmyIndia?

You can simply use a UPI App to accept the mandate request for this MapmyIndia IPO. Nonetheless, you can click here to learn the specifics of this process and related steps.

How to find a UPI ID in the mobile app of Angel One?

You can find a UPI ID in the ‘profile’ section of the Angel One app.

Can I apply for the public offering of MapmyIndia through a Hindu Undivided Family or HUF account?

No, it is not possible to apply for the initial public offering of MapmyIndia using a Hindu Undivided Family account. Contrarily, if you apply for any public issue using the ASBA process, in such cases, you can take the assistance of this account.

Can I apply for the public issue of MapmyIndia using a current account?

No, you cannot apply for the initial public offering of MapmyIndia or any other company, for that matter, using a current account. Since financial institutions do not accept any IPO applications made via such accounts, you can use a savings account as an alternative for this purpose. Furthermore, you can talk to the representatives of your respective banks for more information.

Can I apply for the IPO of MapmyIndia using my minor daughter’s account?

No, you cannot apply for the IPO of MapmyIndia or any other firm using your minor daughter’s account utilising the Angel One platform. On the other hand, a minor can bid for any public issue utilising the ASBA process.

What is the minimum time needed to block or unblock funds for an IPO subscription?

As soon as you accept a UPI mandate request, banks will freeze the required funds for an IPO. However, if you fail to receive an allotment, or your UPI mandate expires, the banks will unblock these funds. Nonetheless, if these funds are not unblocked even after that, you can contact your respective banks for further clarification.

Are NRIs eligible to use the Angel One app to apply for this MapmyIndia IPO?

No, NRIs are not eligible to use the Angel One app to apply for this MapmyIndia IPO. However, they can always take the help of the Application Supported by Blocked Amount or ASBA process provided by different banks to submit bids for any public issue of their choice.

What is the minimum time required to receive a UPI mandate request after submitting an IPO application?

The minimum time needed to receive a UPI mandate request after submitting an IPO bid is 10 to 15 minutes. However, this process gets hindered at times due to a number of reasons.

I have not managed to submit bids for this public offering of MapmyIndia using my current UPI handle. What is the reason?

The reason why you have not managed to submit bids for the IPO of MapmyIndia using your existing UPI ID is that this UPI handle may not be NPCI approved. In that case, you can easily generate a fresh one through any of the service providers mentioned on the NPCI’s list to extend UPI service. You can just complete the due process and then apply for any IPO you want.

Even after approving the UPI mandate request of MapmyIndia’ public offering, its status on the Angel One App is showing pending. What is the reason?

If the status of your IPO mandate request is displaying pending on the Angel One app, there is nothing you can do about it. The reason behind this is that the Angel One app is not engineered to display real-time updates of UPI mandate requests. However, if you have accepted it, you can find its actual status in the order book of that public issue after a while.

Is it possible to submit multiple bids for a public issue using a single PAN?

No, it is not possible to submit multiple bids for a public issue using one PAN. The reason here is that in such instances, IPO applications get rejected as per the existing rules. Hence, you will fail to receive an allotment for this public offering of MapmyIndia or any other firm.

What is a cut-off price? Can I bid for an initial public offering at this price?

A cut-off price is a price point at which the equity shares of MapmyIndia or of other companies get listed on the share market. This is a previously determined price and is mainly decided during the allotment stage of an IPO. Additionally, if you submit a bid at this price, it suggests that you are willing to apply for the public issue of MapmyIndia at this price point. Also, applying at a cut-off price enhances your chances of receiving an IPO allotment.

Do I need to bear any extra charges to apply for this public issue of MapmyIndia via Angel One platform?

No, you need not bear any extra charges to bid for this public issue of MapmyIndia using the Angel One platform.

Even after submitting the final application for MapmyIndia IPO, the required funds are not debited yet. What can the reason?

The reason for the IPO related funds not being debited even after submitting the bids is that banks do not release funds related to a public issue just after you submit a bid. Alternatively, they will block this amount momentarily, and once you get an allotment, they will debit it. On the other hand, if you do not receive an IPO allotment or your UPI mandate expires, banks will release this amount.

How can I ensure allotment for this MapmyIndia IPO?

It is not possible to guarantee allotment for any public issue, irrespective of the company you choose to apply for. In the event of an oversubscription, which is a common affair, the allocation of shares is done via a lottery system. So, it is not probable to provide any conviction in this regard.
A point to keep in mind here is that the Angel One platform only permits you to apply for an IPO, and it does not offer any assurance regarding its allocation.
Nevertheless, you can increase your odds by keeping the below-mentioned points in mind –
● Applying at the cut-off price
● Using a Demat Account linked with your PAN
● Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the MapmyIndia IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
● Person Y’s UPI ID is not linked with X’s PAN
● Person X’s Demat account is not linked with Y’s bank account

What are the plausible reasons behind the rejection of my IPO application for MapmyIndia?

Probable reasons behind the rejection of your IPO application for MapmyIndia are –
● Failing to ensure that your Demat account, UPI ID, and bank account are connected with the same PAN
● Entering an incorrect UPI PIN while approving the mandate
For example, if you use your Demat account to apply for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –
● If your PAN and your friend’s UPI ID are not connected
● If your Demat account is not linked with your friend’s bank account

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