C.E.Info systems IPO Details

Bookbuilding IPO | ₹1,040 Cr | Listed at BSE, NSE | Thu, Dec 9, 2021 - Mon, Dec 13, 2021

C.E.Info systems IPO Logo

C.E.Info systems IPO is a book build issue of ₹1,039.61 crores. The issue is entirely an offer for sale of 1.01 crore shares of ₹1,039.61 crore.

C.E.Info systems IPO bidding started from Dec 9, 2021 and ended on Dec 13, 2021. The allotment for C.E.Info systems IPO was finalized on Dec 16, 2021. The shares got listed on BSE, NSE on Dec 21, 2021.

C.E.Info systems IPO price band is set at ₹1,033 per share. The lot size for an application is 14. The minimum amount of investment required by an retail is ₹14,462 (14 shares) (based on upper price). The lot size investment for sNII is 14 lots (196 shares), amounting to ₹2,02,468, and for bNII, it is 70 lots (980 shares), amounting to ₹10,12,340.

Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to C.E.Info systems IPO RHP for detailed Information.

IPO Open

Thu, Dec 9, 2021

IPO Close

Mon, Dec 13, 2021

Issue Price

₹1033 per share

Market Cap (Pre-IPO)

₹5,500.00 Cr

IPO Details

IPO Date9 to 13 Dec, 2021
Listed onTue, Dec 21, 2021
Face Value2 per share
Price Band₹1000 to ₹1033
Issue Price₹1033 per share
Lot Size14 Shares
Sale TypeOFS only
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size1,00,63,945 shares
(agg. up to ₹1,040 Cr)
Offer for Sale1,00,63,945 shares of ₹2
(agg. up to ₹1,040 Cr)
Share Holding Pre Issue5,32,42,967 shares
Share Holding Post Issue5,32,42,967 shares
BSE Script Code / NSE Symbol543425 / MAPMYINDIA
ISININE0BV301023

IPO Timetable

Issue Reservation

C.E.Info systems IPO comprises a total issue size of 1,00,63,945 shares. Out of which, 50,31,972 (50.00%) are allocated to QIB, 15,09,592 (15.00%) allocated to NII 35,22,381 (35.00%) allocated to RII.

Investor Category Shares Offered % of Total Issue Max Allottees
QIB Shares Offered 50,31,97250.00%NA
  − Anchor Investor Shares Offered 30,19,18330.00%NA
  − QIB (Ex. Anchor) Shares Offered 20,12,78920.00%NA
NII (HNI) Shares Offered 15,09,59215.00%NA
Retail Shares Offered 35,22,38135.00%2,51,598
Total Shares Offered 1,00,63,945100.00%

IPO Lot Size

Investors can bid for a minimum of 14 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 14 ₹14,462
Retail (Max) 13 182 ₹1,88,006
S-HNI (Min) 14 196 ₹2,02,468
S-HNI (Max) 69 966 ₹9,97,878
B-HNI (Min) 70 980 ₹10,12,340
IPO Subscription Details

IPO Anchor Investors

C.E.Info systems IPO raises ₹311.88 crore from anchor investors. C.E.Info systems IPO Anchor bid date is December 8, 2021.
📝 Anchor Investors Letter (PDF)

Bid DateWed, Dec 8, 2021
Shares Offered30,19,183
Anchor Portion (₹ Cr.)311.88
Anchor lock-in period end date for 50% shares (30 Days)Sat, Jan 15, 2022
Anchor lock-in period end date for remaining shares (90 Days)Wed, Mar 16, 2022

About C.E.Info systems Ltd.

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.

The company serves the BFSI, telecom, FMCG, industrials, logistics, and transportation sectors. MapymyIndia has also entered into various memorandums of understanding with key government organizations such as the Indian Space Research Organisation (ISRO), NITI Aayog, National eGovernance Division, Ministry of Electronics and Information Technology, and Government of India. Some of the company's customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, and Hyundai. The subscription fee, royalty, and annuity payments together contributed over 90% of the company's revenue for Fiscal 2021.

Competitive Strengths:

  • Pioneers of digital mapping in India having an early mover advantage
  • Leading the B2B and B2B2C market for digital maps and location intelligence in India
  • Proprietary technology and network effect resulting in competitive edge
  • Independent, global geospatial products and platforms company with strong data governance
  • Prestigious customers across sectors with strong relationships
  • Consistent profitable financial track record

Company Financials ()

Period Ended
Amount in ₹ Crore

IPO Review

[Dilip Davda]
While the company posted average performances for FY19 and FY20, super earnings since FY21 onwards remains a concern for the sustainability of such margins going forward. The issue is priced aggressively to encase the first mover tag. Based on financial parameters too the issue is highly-priced. Hence the cash surplus/risk seekers may consider investment for long term. Other may stay away.
Read detail review...

C.E.Info systems IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers9130
Members0000

MapmyIndia IPO Subscription Status (Bidding Detail)

The MapmyIndia IPO is subscribed 154.71 times on December 13, 2021 5:00:00 PM (Day 3). The public issue subscribed 15.2 times in the retail category, 196.36 times in the QIB category, and 424.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB196.3620,12,78939,52,30,178
NII424.6915,09,59264,11,15,538
Retail15.235,22,3815,35,49,734
Total154.7170,44,7621,08,98,95,450

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 BRLMs' fees 30.67
2 Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by Retail Individual Bidders using UPI (2)and Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(3)(4) 7.15
3 Fees payable to the Registrar to the Offer 0.39
4 Fees payable to the other advisors to the Offer including auditors and legal counsel 0.34
5 Others
6 - Listing fees, SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses 5.61
7 - Printing and stationery 1.50
8 - Advertising and marketing expenses 0.65
9 - Fee payable to legal counsels 3.66
10 - Miscellaneous 1.83

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price1,033.001,033.00
Open1,581.001,565.00
Low1,282.201,282.60
High1,586.851,590.00
Last Trade1,394.551,393.65

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

C.E.Info systems Ltd. Address
First, Second, & Third Floor,
Plot. No. 237, Okhla Industrial Estate,
Phase- III, New Delhi 110 020, India
Delhi, New Delhi
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IPO FAQs

C.E.Info systems IPO is a main-board IPO of 1,00,63,945 equity shares of the face value of ₹2 aggregating up to ₹1,040 Crores. The issue is priced at ₹1033 per share. The minimum order quantity is 14.

The IPO opens on Thu, Dec 9, 2021, and closes on Mon, Dec 13, 2021.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in C.E.Info systems IPO using UPI as a payment gateway. Zerodha customers can apply in C.E.Info systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in C.E.Info systems IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'C.E.Info systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The C.E.Info systems IPO opens on Thu, Dec 9, 2021 and closes on Mon, Dec 13, 2021.

C.E.Info systems IPO lot size is 14, and the minimum amount required for application is ₹14,462.

You can apply in C.E.Info systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for C.E.Info systems IPO will be done on Thursday, December 16, 2021, and the allotted shares will be credited to your demat account by Mon, Dec 20, 2021. Check the C.E.Info systems IPO allotment status.

The C.E.Info systems IPO listing date is on Tue, Dec 21, 2021.

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