C.E. Info Systems Limited IPO (MapmyIndia IPO) provides digital mapping support, location based IOT Technology, geospatial software in India. The company focuses on providing all such services across India. The Indian brand for the company is MapmyIndia and the International brand for the same is MappIs. The company has been successful to cover 98.5% of the Indian Roads which is close to 6.30 Million Kms. This information includes the presence of restaurants, petrol stations, villages, towns etc inside the coverage area. The clients of the company are from sectors such as industrial, logistics, BFSI, transportation, FMCG, telecom etc. Some of the customers are Hyundai, HDFC Bank, Yulu, Flipkart, PhonePe, etc.
IPO DETAILS
C.E. Info Systems Limited IPO (MapmyIndia IPO) is set to launch on 9th Dec., 2021. The subscription timeline extends till 13th Dec, 2021. The size for the IPO is 1039.61 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 1039.61 Crore. The lot size is 14 shares and the price range is 1000 Rs. – 1033 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs.2 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 9th Dec, 2021 |
| CLOSING DATE FOR IPO | 13th Dec, 2021 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 1000 Rs. – 1033 Rs. |
| LOT SIZE | 14 shares |
| MINIMUM ORDER QUANTITY | 14 shares |
| ISSUE SIZE | 1039.61 Crore Rs. |
| OFFER FOR SALE | 1039.61 Crore Rs. |
| FRESH ISSUE | No shares are issued through Fresh Issue |
| LISTING AT | NSE, BSE |
| LISTING DATE | 21th Dec, 2021 |
IMPORTANT DATES
| IPO OPENING DATE | 9th Dec, 2021 |
| CLOSING DATE FOR IPO | 13th Dec, 2021 |
| IPO ALLOTMENT DATE | 16th Dec, 2021 |
| REFUNDS | 17th Dec, 2021 |
| DEMAT A/C CREDITED ON | 20th Dec, 2021 |
| IPO LISTING DATE | 21th Dec, 2021 |
C.E. Info Systems Limited IPO (MapmyIndia IPO) begins for subscription from 9th Dec, 2021. The IPO subscription would continue till 13th Dec, 2021. The allotment status for the shareholders who applied would come on 16th Dec, 2021. The refunds for the ones who did not get allotment would be initiated on 17th Dec, 2021. The DEMAT accounts of shareholders would be credited on 20th Dec, 2021. The listing of the company would be accompanied on 21th Dec, 2021.
Lead Managers And Promoters
The promoters of the company are Rashmi Verma and Rakesh Verma.
The lead managers are :
- Axis Capital Limited
- DAM Capital Advisors Ltd.
- Kotak Mahindra Capital Company Limited
- JM Financial Consultants Private Limited
The minimum lot size for the company is decided at 14 shares. This holding accounts to 14462 Rs.. The maximum lot size is decided at 182 shares. This amounts to 188006 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 14 shares | 14462 Rs |
| Maximum | 182 shares | 188006 Rs |
OBJECTIVES FOR THE IPO
- The funds can be utilised for General corporate purposes.
- To achieve the listing benefits.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | 2020-21 | 2019-20 | 2018-19 |
| ASSETS | 4269 | 3578 | 3392 |
| REVENUE | 1922 | 1635 | 1633 |
| NET PROFIT | 594 | 232 | 336 |
The company has a growing portfolio of assets. The asset base is seen to expand for 200 Crore Rs for 2020. However in 2021 the expansion was close to 700 Crore Rs. This is a huge jump for the company. Also the profits of the company have increased with the proportion of expansion available in 2021. However the profit stream of the company has been decreasing for 2020 but on the other hand the profits for 2021 stretch out the gap in the year. Overall one can think of subscribing for the IPO. However the result for the current quarter needs to be analysed to go for a long term in it.
PROS
- The company has a mapping for approximately 98.5% of the Indian Area.
- It has a client list of premium Indian Customers.
- The area coverage equals 6.30 Million kilometres.
CONS
- The company’s profits are not stable and the revenues were not increasing for one year. Hence the company is under review for a long term investment perspective.
C.E. Info Systems Limited IPO (MapmyIndia IPO) APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the C.E. Info Systems Limited IPO (MapmyIndia IPO) button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
