C.E. Info Systems Limited
MAPMYINDIA
₹1000-1033
per share
Bidding Dates
9-13 Dec
Min. Investment
₹14,000.00
Lot Size
14 shares
Issue Size
₹1040 Cr
IPO Timeline
Bidding starts
09 Dec ‘21
Bidding ends
13 Dec ‘21
Allotment finalisation*
16 Dec ‘21
Refund initiation*
17 Dec ‘21
Demat transfer
20 Dec ‘21
Listing
21 Dec ‘21
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
In 1995, a US-returned husband-wife duo started a then impossible journey of mapping entire India. This was ten years before the launch of Google maps! Today, the company founded by Rakesh and Rashmi Verma provides digital maps and location-based IoT (Internet of things) technologies to some of the biggest companies in India. Under the ‘MapmyIndia’ brand, its digital maps cover 98.5% of Indian roads. It runs a profitable business and has low variable costs. Even the government of India uses its mapping services for the CoWIN App.
Business highlights
- Has an early mover advantage and its proprietary mapping technologies offer a profitable business model.
- In FY21, it had over 500 customers. Some marquee names include Flipkart, HDFC Bank, Airtel, Hyundai, PhonePe and MG Motor.
- 90% of its revenue comes from subscription fees and royalties charged for using its products.
- PhonePe, Qualcomm and Zenrin (a Japanese mapping co.) are investors in the company.
Financials
Revenue: 6.1%; Net profit: 31.7% (FY19-21 CAGR)