MAPMYINDIA IPO Subscription Status Final Day GMP Listing Date Details

mapmyindia subscription status: MapmyIndia IPO has received strong response so far and today is the last day. All the experts advised to invest in this IPO. Not only that, its Gray Market Premium (GMP) also indicates that its listing is going to be great.

The IPO of CE Info Systems, the company that operates the MapmyIndia brand, will close today. This IPO opened on December 9th.2

MapmyIndia IPO has received strong response so far and today is the last day. All the experts advised to invest in this IPO. Not only that, its Gray Market Premium (GMP) also indicates that its listing is going to be great.

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The price band of the IPO is set at Rs 1 000–1 033 per share. While its GMP is Rs 1080 on December 13, its GMP is seeing a steady increase. At present, GMP is more than its highest price bank.

If the latest GMP is accepted, the listing of MapmyIndia IPO could be around Rs 2113 (Rs 1033 + Rs 1080). That is, there can be 100% listing profit based on GMP.

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mapmyindia subscription status: Share of Retail has been subscribed 12 times, Qualified Institutional Buyers (QIB) 31 times and Non-Institutional Investors (NII) 142 times as of Monday 14:00. In this way, the IPO has been logged a total of 45 times so far.

The 2021 award of this IPO will take place on 16 December, while its listing on BSE and NSE can be done on 21 December. In this IPO you will have to invest Rs 14,462 for one lot. However, this IPO is purely supply-for-sale (OFS).

About Mapmyindia

It is one of the leading companies in the country providing advanced digital maps, geospatial software and location-based IoT technology. It has mapped more than 6 million km under the MapmyIndia brand, which is about 98.5 percent of India's total road network.

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