The MapmyIndia IPO — Everything You Need To Know

Joining the IPO Boom is C.E Info System Limited a.k.a MapmyIndia. This company since its beginning has served over 2,000 enterprise clients (as of 30 September 2021). They have over 500 consumers on their platforms in FY 2021. PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress, and Goods and Service Tax Network (GSTN) are among its customers. There is more to this, so let’s go a little further and learn more about this firm and its IPO.

About MapmyIndia IPO

C.E. Info Systems Limited (MapmyIndia) is a data and technology products and platforms firm that provides proprietary digital maps as a service, software as a service, and platforms as a service. It is India’s top provider of sophisticated digital maps, geospatial software, and location-based IoT technologies, according to the F&S Report (commissioned and paid for by the company specifically for the purpose of the Offer).

Under the MapmyIndia and Mappls brands, it provides products, platforms, application programming interfaces (APIs), and solutions across a range of digital map data, software, and IoT to:

• Marquee and renowned global tech giants.
• New-age consumer IT companies.
• Leading automotive manufacturers.
• Large businesses across industry segments including BFSI, telecom, FMCG, logistics, and key government organisations.

According to the F&S Report, the digital maps and location intelligence services market is divided into two segments with both B2B and B2B2C delivery options. The two segments are:

• Digital maps services markets.
• Navigation solutions and telematics markets.

As of 31 March 2021, they have a combined staff of 734 employees for both Indian and overseas operations. They also have the backing of well-known investors like PhonePe, Qualcomm, and Zenrin.

From 2019 to 2025, the total addressable market for digital maps and location-based information services in India is estimated to increase at a CAGR of ~15.5% to $ 7.74 bn. By 2025, the entire worldwide addressable market is estimated to reach $ 173.61 bn., increasing at a CAGR of 13% (2019–2025).

Promoter and investors exiting their shares

Promoters of MapmyIndia are Rakesh Kumar Verma and Rashmi Verma. The selling shareholders are:

• Rashmi Verma will sell 42,51,044 shares.
• Qualcomm Asia Pacific Pte. will offload 27,01,407 shares.
• Zenrin Co. Ltd. will sell 13,69,961 shares.

About MapmyIndia IPO

• This is the maiden IPO of a secondary issue, consisting of an offer for sale of shares via the book building process.
• The offer includes an offer for sale (OFS) of up to 1,00,63,945 shares. The issue size is Rs 1,039.6 cr at the top of the price range.
• The opening date for this IPO is 9 December 2021 and the closing date is 13 December 2021.
• MapmyIndia IPO is likely to be listed on the BSE and NSE.
• The face value of each share is Rs. 2.
• The set price band of this IPO is Rs. 1,000 — Rs. 1,033.
• The allocation is expected to be finalised by 16 December, and refunds will be initiated by 17 December. Meanwhile, credit of shares in the Demat account is expected by 20 December.
• One lot consists of 14 shares and is worth Rs. 14,462 at the upper range of the pricing band.
• The issue constitutes 18.90% of the company’s post-issuance paid-up capital.

Book running lead managers and registrar of the MapmyIndia IPO

The joint global coordinators and lead managers of the MapmyIndia IPO are Axis Capital Ltd., JM Financial Ltd., Kotak Mahindra Capital Co. Ltd., and DAM Capital Advisors Ltd.

The issue’s registrar is Link Intime India Pvt. Ltd.

Reservation of MapmyIndia IPO for various investor categories

• 35% is the maximum subscription amount reserved for retail investors.
• 15% is reserved for the High Net-worth Individuals (HNI).
• 50% is reserved for the Qualified institutional buyers (QIBs), wherein 60% is for anchor investors, 1/3rd of which shall be reserved for domestic mutual funds only.

Continue to read the objects, financials, peer comparison, strengths and risks of MapmyIndia.