Map my India Gmp, Recommendation

MapmyIndia is a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India. The company is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS). The company provides products, platforms, application programming interfaces (APIs), and solutions across a range of digital map data, software, and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.

The digital maps offered by the company cover 6.29 Mn Km of roads in India, representing 98.50% of India’s road network. The company’s digital map data provides location, navigation, analytics, and other information for 7,933 towns, 6,37,472 villages, 17.79 Mn places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations, etc., and 14.51 Mn house or building addresses. The company’s ‘RealView’ maps provide actual roadside and on-ground views based on over 400 Mn geo-referenced photos, videos, and 360-degree panoramas across India.

MapmyIndia IPO Tentative Timetable

The MapmyIndia IPO open date is Dec 9, 2021, and the close date is Dec 13, 2021. The issue may list on Dec 21, 2021.

IPO Open Date Dec 9, 2021
IPO Close Date Dec 13, 2021
Basis of Allotment Date Dec 16, 2021
Initiation of Refunds Dec 17, 2021
Credit of Shares to Demat Account Dec 20, 2021
IPO Listing Date Dec 21, 2021

 

MapmyIndia IPO Lot Size

The MapmyIndia IPO market lot size is 14 shares. A retail-individual investor can apply for up to 13 lots (182 shares or ₹188,006).

Application Lots Shares Amount (Cut-off)
Minimum 1 14 ₹14,462
Maximum 13 182 ₹188,006

MapmyIndia IPO Promoter Holding

Pre Issue Share Holding 61.71%
Post Issue Share Holding 53.73%

 

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,659.58 4,268.56 3,578.26 3,392.59
Total Revenue 1,225.79 1,922.74 1,634.78 1,633.35
Profit After Tax 467.66 594.33 231.95 335.66

 

Objects of the Issue:

The objects of the offer are to carry out the offer for the sale of 10,063,945 equity shares and achieve the benefits of listing the equity shares on the stock exchanges.

 

Grey Market Price

As of 13-12-2021 at 

Grey Market Price: 1000-1050 (approx 100% listing gain)

 

Recommendation:

Recommended to subscribe as 100% listing gain is seen from grey market price and also has good financials.

 

The views present above on the basis of personal information gathered, information gathered may be wrong, Do your own research before investing, and we are not dealing in the grey market, nor we recommend to trade any grey market, Investment on the basis of the grey market price may be faulty at some time.

 

Priyansh Minocha

Priyansh Minocha is C.E.O and Director at Amonest India Private Limited and Founder at Casolutionsglobal

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