India’s leading provider of digital maps, geospatial software & location-based IoT technologies: Mapmyindia. In 1995, founders Rakesh and Rashmi Verma envisioned that someday 80% of all data will have a location component to it. This conviction set off a long and arduous journey of digitally mapping the complex landscape, that is India.
Hundreds of millions of people uses mapmyindia to reach their destinations
Today, their maps and location technologies are touching hundreds of millions of lives everyday, through the customers across global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organisations.
They are on a mission to build and bring the benefits
Shares of digital mapping company C.E. Info Systems (MapmyIndia) debuted on a strong note and got listed at a premium of 53 per cent from their issue price in the stock exchanges today. The scrip got listed at Rs 1581.00 apiece on the BSE, thereby registering a gain of 53.05 per cent from its offer price of Rs 1,033.00, while on the National Stock Exchange (NSE), it opened at Rs 1,565.00, up 51.50 per cent from the issue price.
SharePrice of Mapmyindia is touching point of high
The stock inched a tad higher from its opening levels and within minutes touched a high of Rs 1586.85 on BSE and Rs 1,590.00 on NSE. However, it gave up some of its gains a little later. At 10:10 am, the scrip was trading at Rs 1388.35 on the BSE, up 34.40 per cent from the issue price while on NSE it was at Rs 1,375.50, up 33.16 per cent. The market capitalisation stood at Rs 7,391.99 crore, data from the BSE showed.
Howmany shares of mapmyindia have been bought now
Nearly 47 lakh shares of MapmyIndia were traded so far on NSE while around 4.36 lakh shares have exchanged hands on the BSE, data from the respective stock exchange showed. C.E. Info Systems is popularly known by its brand MapmyIndia. It is a New Delhi-based firm and a leading provider of digital maps, geospatial software and location-based IoT technologies. It is backed by global wireless technologies company Qualcomm and Japanese digital mapping Zenrin.
What has Santosh Meena Said about this company
The IPO was met with a robust demand during its offer period from December 9-13, 2021. It saw a whopping 154.71 times subscription on the final day. Reacting to the listing, Santosh Meena, Head of Research at Swastika Investmart, said “Financially, the company is doing well and its business model is sustainable. In spite of the fact that the IPO was purely OFS based, it attracted investors and got subscribed 154 times. The new edge technologies, such as SaaS, PaaS, and MaaS platform providers, are poised to have a bright future.”