Situated in India, MapmyIndia is the main supplier of progressive digital maps, geospatial software program, and location-based IoT options. As a company that focuses on offering knowledge and know-how items and platforms, MaaS, SaaS, and PAS are a few of the companies it supplies (PaaS). About Mapmyindia IPO Price – MapmyIndia and Mappls are two of the corporate’s manufacturers that ship merchandise, platforms, APIs, and options throughout all kinds of digital map knowledge, software program, and Web of Issues (IoT).
MapMyIndia IPO GMP Today
The corporate’s digital maps embody 6.29 million kilometres of roads in India, or 98.50 % of the nation’s whole highway community. 7.933 cities and 6,37,472 villages are lined by the corporate’s digital map knowledge, in addition to 17.79 million websites throughout a variety of classes equivalent to eating places and retail retailers.
ATMs; inns and police stations; and electrical automotive charging factors. RealView maps based mostly on over 400 million geo-referenced images, movies, and 360-degree panoramas throughout India are offered by the corporate. BFSI, telecom, FMCG, industrials, logistics, and transportation are a few of the industries the corporate helps.
MapMyIndia Subscription Standing
Moreover, MapmyIndia has signed agreements with the Indian House Analysis Group (ISRO), the Nationwide eGovernance Division (NEDG), the Ministry of Electronics and Info Expertise (MeitY), and the Authorities of India.
PhonePe, Flipkart, Yulu, HDFC Financial institution, Airtel, and Hyundai are among the many firm’s purchasers. Over 90% of the corporate’s income in fiscal 12 months 2021 got here from subscription charges, royalties, and annuity funds.Commercial
MapMyIndia IPO Allotment Date 2021
|About||MapmyIndia IPO GMP|
|Todays GMP||1050 rs|
|Article Sort||Subscription Standing|
|Official Web site||mapmyindia.com|
MapmyIndia Subscription on-line
|IPO Opening Date||Dec 9, 2021|
|IPO Closing Date||Dec 13, 2021|
|Situation Sort||Ebook Constructed Situation IPO|
|Face Worth||₹2 per fairness share|
|IPO Value||₹1000 to ₹1033 per fairness share|
|Market Lot||14 Shares|
|Min Order Amount||14 Shares|
|Itemizing At||BSE, NSE|
|Situation Dimension||10,063,945 Eq Shares of ₹2Advertisement(aggregating as much as ₹1,039.61 Cr)|
|Provide for Sale||10,063,945 Eq Shares of ₹2(aggregating as much as ₹1,039.61 Cr)|
|QIB Shares||No more than 50% of the supply|
|Retail Shares||Not lower than 35% of the supply|
|NII (HNI) Shares||Not lower than 15% of the supply|
Mapmyindia IPO Date 2021
What’s MapmyIndia IPO GMP At this time?
As of at present, MapMyIndia’s IPO GMP is 1050 rupees
|14th December||1050rs||950 rs||11000 rs|
|12th December||1000rs||800 rs||10000 rs|
|11th December||1000rs||800 rs||10000 rs|
|10th December||900rs||800 rs||10000 rs|
|09th December||800rs||700 rs||8000 rs|
|08th December||800 rs||700 rs||8000 rs|
|07th December||700 rs||500 rs||5000 rs|
What this GMP imply
GMP, in keeping with business watchers, is a predictor of gray market itemizing features. For MapmyIndia IPO, the gray market expects it to record at a worth of 2113 (1033+1080), which is greater than 100 % of the IPO’s acknowledged worth vary of 1000–1033 per fairness share.
MapMyIndia IPO Allotment Date 2021
MapmyIndia IPO subscription standing
7.17 occasions the retail portion of the supply, 4.32 occasions the QIB portion and 6.27 occasions the NII portion of the problem have been subscribed. The gray market has jumped on the general public downside after receiving a sturdy response from traders.
MapmyIndia’s profitability has proven good scope backed by strong know-how and nice working leverage,” Ravi Singh, Head of Analysis and Vice President at ShareIndia remarked. With a big buyer base and rising market share, it’s a implausible long-term funding possibility. The IPO is a long-term funding, and traders ought to regulate future costs.”
“Map My India (CEISL) provides digital maps underneath MaaS, SaaS, and PaaS with a strong place out there,” mentioned Abhay Doshi, founding father of UnlistedArena.com. 98.50 % of India’s highway community is roofed by their digital maps, which embrace 6.29 million kilometres of roadways. New age enterprises, startups in client know-how, last-mile supply and e-commerce are rising, making the expansion prospects engaging. These startups are required to map the service choices.”
Internet revenue climbed at a CAGR of 33 % from FY19 to FY21, with EBITDA margins of roughly 35 % for FY21. The problem is being provided at a PE of 58x, which is 13.54 occasions its e-book worth (annualized FY22). It’s anticipated that there can be numerous curiosity on this matter due to the growth and potential of those firms.
|Official Portal||Click here|