MapmyIndia IPO Subscription Standing, GMP, Valuation. Final Day to Make investments, Do you have to?


MapmyIndia proprietor CE Data Techniques preliminary public providing (IPO) noticed a large response from traders on the ultimate day of bidding. CE Data Techniques IPO acquired bids for 4.99 crore fairness shares towards a proposal dimension of 70.44 lakh models, in line with the information. MapmyIndia IPO was booked 7.09 occasions up to now on December 13. The quota put aside for the non-institutional traders (NII) was subscribed 7.77 occasions. Certified institutional consumers (QIB) have put bids 4.37 occasions for his or her portion. Retail traders have purchased shares 8.36 occasions the allotted quota. MapmyIndia IPO was subscribed 2.02 occasions on its first day of bidding. On the second day, the problem was booked 6.16 occasions.

MapmyIndia IPO Supply, Value Particulars:

MapmyIndia proprietor CE Data Techniques is without doubt one of the main supplier of superior digital maps, geospatial software program and location-based IoT applied sciences in India. It launched IPO on December 9 to garner Rs 1,040 crore from the provide.

MapmyIndia IPO worth band has been fastened at Rs 1,000-1,033 per fairness share. MapmyIndia IPO was a wholly provide on the market. Therefore, the corporate won’t obtain any funds from IPO as all the cash will go to promoting shareholders.

Particular person promoting shareholder Rashmi Verma will promote 42,51,044 fairness shares, whereas Qualcomm Asia Pacific Pte Ltd will offload 27,01,407 fairness shares, and Zenrin Co Ltd will promote 13,69,961 fairness shares. The remaining 17,41,533 fairness shares can be bought by a number of different shareholders. The promoter shareholding will come right down to 53.73 per cent after the problem from 61.71 per cent now.

The problem can be open for subscription until December 13.

MapmyIndia IPO Valuation: 

“The corporate is on the market on the higher finish of the IPO worth band at 58.8x its annualised FY22 earnings attributable to post-issue fairness, demanding a market cap of Rs 5,500 crore. On the higher finish of the IPO worth band, the problem is priced at a P/BV (price-to-book worth) of 13.54x based mostly on its NAV of Rs 76.28 as of September 30. The corporate has a median return on web value at 12.86 % for the final three years,” mentioned Anand Rathi.

MapmyIndia IPO: Do you have to Subscribe?

MapmyIndia proprietor CE Data Techniques is among the many B2B and B2B2C market chief in India with a complete suite of SaaS, PaaS and MaaS choices is capitalizing on early mover benefit. It’s an impartial, world geospatial merchandise and platforms firm, with sturdy information governance has market place constructed round proprietary know-how and community impact leading to sturdy entry obstacles.Additionally, firm’s marquee prospects throughout sectors with sturdy relationships and functionality to up-sell and cross-sell has worthwhile enterprise mannequin with constant monetary observe report, excessive working leverage and powerful money flows. Therefore we suggest ‘subscribe’ on challenge for each itemizing acquire & long run function,” mentioned Hem Securities in a observe.

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