The initial public offering of CE Info Systems MapmyIndia was subscribed a whopping 154.7 times on the concluding day of the offer. The institutional investor portion was subscribed 196 times, the high-net-worth individual portion by 424 times, the retail investor portion by 15 times.
The company had priced its IPO between Rs 1,000-1,033 each. The IPO opened on December 9. The firm has raised Rs 1,039.6 crore from the issue. The company collected Rs 312 crore from anchor investors. It allotted 30.19 lakh equity shares to 24 anchor investors at Rs 1,033 apiece, taking the transaction size to Rs 312 crore.
Fidelity, Nomura, Goldman Sachs, Morgan Stanley, Aberdeen and HSBC were allocated equity shares by MapmyIndia into the anchor book. Allotment of shares will be done on December 16 and the stock is likely to be listed on December 21.
MapmyIndia is a data and technology products and platforms company, offering proprietary digital maps as a service, software as a service and platform as a service. MapmyIndia is a leading provider of advanced digital maps, geospatial software and location-based technologies.
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