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C.E. Info Systems Limited

C.E. Info Systems Limited

listed
₹14,000Min. investment
  1. Bid start
    9 Dec
  2. Bid end
    13 Dec
  3. Allotment
    11 Dec
  4. Release of funds
    17 Dec
  5. Demat transfer
    16 Dec
  6. Listing
    21 Dec

C.E. Info Systems Limited IPO Details

Price range₹1,000 – ₹1,033
IPO type
Regular
Lot size14 shares
Issue size₹1,040Cr
RHP/DRHP
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Risk analysis
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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)
The company has witnessed steady growth in revenue and profit.
Strengths
  • Comprehensive local database with 1.8 crore places such as restaurants, ATMs, EV charging stations and 1.4 crore houses mapped.
  • Its independent nature makes it a popular choice in the B2B segment and helps it score over Google Maps.
  • The company enjoys high operating leverage due to low variable costs. Despite the pandemic, its net profit grew at 32% CAGR FY19-21.
Risks
  • Faces competition from global majors like Google maps and TomTom.
  • About 80% of its revenue came from just 25 clients in FY21.
  • High dependence on the automotive sector.
  • Operates in a space that is subject to rapid technological changes.
Good to know
The Indian digital map services industry is pegged to grow at 16.1% CAGR to over ₹31,000 crore by 2025. Growing smartphone penetration and mobile apps are long-term structural drivers. The government’s new Geospatial Guidelines will drive digitization of maps and work in favour of domestic companies such as CE Info.

Frequently asked questions

How to invest in the C.E. Info Systems Limited ?

Investors can apply for the C.E. Info Systems Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of C.E. Info Systems Limited ?

The issue size of the C.E. Info Systems Limited is 1040 Cr.

What is 'pre-apply' for C.E. Info Systems Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will C.E. Info Systems Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.