MapmyIndia IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The MapmyIndia IPO will hit the market soon, and you can apply for the IPO from 9th December to 13th December 2021. MapmyIndia is planning to raise ₹1,039.61 Crores through an IPO which consists of an OFS (Offer For Sale) of ₹1,039.61 Crores by existing shareholders.

C.E Info Systems also known as MapmyIndia incorporated in 1995. They are a leading provider of geospatial software, digital maps, and location-based IoT technology. They offer proprietary advanced digital maps as a service (MaaS), Software as a service (SaaS), Platform as a service (PaaS). They serve their services to private as well as government companies.  

Some of their clients are : 

Private companies – PhonePe, Airtel, HDFC Bank, Hyundai.

Government companies – ISRO, Niti Aayog, Ministry of Electronics and IT, National eGovernance Division. 

MapmyIndia/C.E Info Systems IPO Dates & Price Band:

Open date9th December 2021
Close date13th December 2021
Total Size of IPO1,039.61 Cr.
Fresh Issue ₹0 Cr.
Offer for Sale1,039.61 Cr.
Price Band₹1000- 1033
Face Value₹2 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

MapmyIndia/C.E Info Systems IPO Market Lot:

The minimum market lot of MapmyIndia IPO is 14 shares with 14,462 applications. Retail investors can apply for 13 lots with 182 shares application worth ₹1,88,006.

ApplicationLotSharesCut Off Amount
Minimum (RII)11414,462
Maximum (NII)131821,88,006

Should you subscribe to MapmyIndia/C.E Info Systems IPO?

We have researched and mentioned the strengths and risks of the MapmyIndia IPO. The final verdict will help you make the right decision.

Strength – 

  • Early mover advantage in digital mapping service.
  • Independent, global geospatial products and platform developer with strong data. 
  • Excellent profitability achieved.
  • Leading provider of geospatial software and digital maps.
  • Well-diversified clientele lists.

Honest Reviews – 

MapmyIndia IPO is an attractive tech IPO. With an excellent clientele list, they are one of those early movers in digital mapping services. MapmyIndia has an excellent financial track record. Investors can apply for the long term.

Investors can invest for the listing gains in the MapmyIndia IPO. It’s early to predict but MapmyIndia IPO can give great listing gains. You can keep a track of MapmyIndia IPO GMP here.

MapmyIndia/C.E Info Systems IPO Allotment & Listing Dates:

MapmyIndia IPO’s open date is 9th December and the closing date is 13th December. Allotment of shares will be done on 16th December and the listing date on NSE & BSE is 22nd December 2021.

Allotment Date for MapmyIndia- 16th December 2021
Refund Date for MapmyIndia – 17th December 2021
Credit of Shares to Demat Account – 20th December 2021
Listing Date for MapmyIndia – 22nd December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of MapmyIndia/C.E Info Systems IPO:

The financials of MapmyIndia are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201916312233.23
2020 16313223.48
2021 19211459.85

MapmyIndia/C.E Info Systems IPO Registrar

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: ceinfo.ipo@linkintime.co.in

Company Address

CE Infosystems Limited
First, Second, & Third Floor,
Plot. No. 237, Okhla Industrial Estate,
Phase- III, New Delhi 110 020
Phone: +91 11 4600 9900
Email: cs@mapmyindia.com

MapmyIndia IPO FAQs –


When will MapmyIndia IPO open for Investors?

MapmyIndia IPO will open on 9th December 2021 and will close on 13th December 2021.

What is MapmyIndia IPO Retail Portion?

The portion allocated for retail investors in MapmyIndia IPO is 35%

How to apply for MapmyIndia IPO?

You can apply MapmyIndia IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in MapmyIndia IPO?

MapmyIndia IPO is an attractive tech IPO. With an excellent clientele list, they are one of those early movers in digital mapping services. MapmyIndia has an excellent financial track record. Investors can apply for the long term.

What is the allotment date for MapmyIndia shares?

16th December 2021 is the allotment date for MapmyIndia shares.

What is the listing date for MapmyIndia IPO?

22nd December 2021 is the listing date for MapmyIndia. It will be listed on NSE and BSE.

What is the cutoff price for MapmyIndia IPO?

The cutoff price for MapmyIndia IPO is ₹118 per share.

Will MapmyIndia IPO give listing gains?

Investors can invest for the listing gains in the MapmyIndia IPO. It’s early to predict but MapmyIndia IPO can give great listing gains by seeing its grey market premium. You can keep a track of  MapmyIndia IPO GMP here.

How to Apply the MapmyIndia IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “MapmyIndia”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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