IPO Post Listing Review
MapmyIndia saw tremendous demand from investors as the offer was subscribed 154.71 time. Non-institutional investors by 424.69Q Qualified institutional buyers was booked 196.36 times, retail investors saw 15.20 times subscription.
Against issue price of Rs 1,033 per share llisted at Rs.1,565 a gain of 53% on listing.
MapmyIndia saw tremendous demand from investors as the offer was subscribed 154 times Non-institutional investors had put in bids 424 QIB was booked 196 times, retail investors got 15 times subscription.
MapmyIndia given its leadership in digital mapping, strong entry barriers, robust profitable data and tech platform along with consistent financials
MapmyIndia is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). It provides products, platforms, application programming interfaces (APIs) and solutions across a range of digital map data, software and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.
Company is a B2B and B2B2C market leader in India with a comprehensive suite of SaaS, PaaS and MaaS offerings is capitalizing on early mover advantage.
The company also has marquee customers across sectors with strong relationships and capability to up-sell and cross-sell. "It has a profitable business model with consistent financial track record, high operating leverage and strong cash flows,"
Anchor investors have a 5.7% stake in the company which can be sold after January 17.
Any dip in the price is a buying opportunity in this scrip.
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