MapmyIndia IPO
MapmyIndia IPO — date, price band, lot size & details 2021
MapmyIndia listed on 21 Dec 2021 at ₹1,565, 51.5% above the ₹1,033 issue price.
MapmyIndia, run by C.E. Info Systems, provides digital maps, geospatial software and location-based IoT technology in India and abroad. Its total income was Rs 192.27 crore in FY2021.
Stock price
MapmyIndia is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 09 Dec 2021
- Close 13 Dec 2021
- Allotment 16 Dec 2021
- Refund/credit 17 Dec 2021
- Listing 21 Dec 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Dec, 2021 |
|---|---|
| Price Band | ₹1000 – ₹1033 |
| Face Value | ₹2 |
| Lot Size | 14 Shares |
| Issue Size | ₹1039.61 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,462 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 14 shares at the ₹1033 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 33.57 crore in FY2019 to Rs 59.43 crore in FY2021.
- 02Profit after tax was Rs 46.77 crore in the six months to 30 September 2021.
- 03The company had no borrowing on 30 September 2021, and net worth was Rs 406.16 crore.
- 04Its maps cover 98.50% of India's road network, which is hard for new rivals to copy.
- 05Total income rose from Rs 163.34 crore in FY2019 to Rs 192.27 crore in FY2021.
Risks · 5
- 01The whole Rs 1,039.61 crore issue was offer for sale, so no money went to the company.
- 02The pre-issue P/E was 92.56 at the upper band of Rs 1,033, based on EPS of Rs 11.16.
- 03It competes with large global map providers that offer free consumer maps, while its own revenue was only Rs 192.27 crore in FY2021.
- 04Profit after tax in FY2021 of Rs 59.43 crore was above EBITDA of Rs 54.32 crore, so it relied partly on other income.
- 05Promoters and the promoter group held 61.7% before the issue and 53.72% after it.
Three years of numbers
All figures in ₹ crore, as reported in the MapmyIndia offer document.
| Metric | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 465.96 | 426.86 | 357.83 | 339.26 |
| Total Income | 122.58 | 192.27 | 163.48 | 163.34 |
| Profit After Tax | 46.77 | 59.43 | 23.20 | 33.57 |
| EBITDA | 46.12 | 54.32 | 37.19 | 40.46 |
| NET Worth | 406.16 | 358.00 | 297.74 | 285.20 |
| Reserves and Surplus | 406.16 | 358.00 | 297.74 | 285.20 |
| Total Borrowing | 0.00 | 0.59 | 0.88 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the MapmyIndia RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
MapmyIndia IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹11.16 | ₹17.57 |
| P/E Ratio (x) | 92.56 | 58.79 |
| Market Cap at Offer Price (₹ Cr) | ₹4,329.16 | ₹2,749.77 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹1033 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the MapmyIndia IPO will be updated shortly.
About the company
It sells products, platforms, APIs and solutions under the MapmyIndia brand in India and the Mappls brand abroad.
Its maps cover 6.29 million km of roads, or 98.50% of India's road network, and include data on 7,933 towns, 6,37,472 villages and 17.79 million places such as shops, ATMs, hotels and EV charging stations.
The IPO was Rs 1,039.61 crore and was entirely an offer for sale by the promoters and investors such as Qualcomm and Zenrin, so the company received none of the money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
MapmyIndia IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Dam Capital Advisors Ltd
44 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of MapmyIndia?
The current Grey Market Premium is ₹700, or 68% over the issue price.
What is the MapmyIndia IPO price band?
₹1000 to ₹1033, on a face value of ₹2.
When is the allotment?
The basis of allotment is 16 December 2021, with listing on 21 December 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
