MapmyIndia IPO: The Initial Public Offering (IPO) of MapmyIndia (CE Info Systems) is open for investment today, 9th December i.e. Thursday. Investment in this will close on Monday 13 December.
The initial public offering (IPO) of digital mapping company MapmyIndia (CE Info Systems) is open for investment today, December 9, ie Thursday. Investment in this will close on Monday 13 December. The company wants to raise around Rs 1,200 crore through this IPO.
In this, the company is completely offering for sale, under which many old shareholders including Qualcomm Asia Pacific will sell their shares. That is, the company will not get any money from this IPO.
what is the price band
The price band for the IPO has been fixed at Rs 1,000 to Rs 1,033 per share. The company will offer offer for sale (OFS) of 10,063,945 shares of existing promoters and shareholders in its IPO. It is a technology product and platform company. It has around 2,000 enterprise customers.
Good premium in gray market
Shares of MapmyIndia are selling at a premium (GMP) of up to Rs 795 in the gray market. The company can list its shares on December 21.
Map My India has raised Rs 312 crore from anchor investors before its (IPO). According to a circular uploaded on the BSE website, the company has decided to allot 30.19 lakh equity shares at Rs 1,033 per share to anchor investors. This transaction is about Rs 312 crore.
Fidelity, Nomura, Goldman Sachs, Morgan Stanley, Aberdeen and HSBC have acquired shares of the company as anchor investors. The IPO of the famous footwear company Metro Brands, invested by Rakesh Jhunjhunwala, will open for investment on December 10 i.e. on Friday. Live TV
