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C.E. Info Systems Limited

C.E. Info Systems Limited

listed
₹14,000Min. investment

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
Read

C.E. Info Systems Limited Timeline

  1. Bid start
    9 Dec 2021
  2. Bid end
    13 Dec 2021
  3. Allotment
    11 Dec 2021
  4. Release of funds
    17 Dec 2021
  5. Demat transfer
    16 Dec 2021
  6. Listing
    21 Dec 2021
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.

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C.E. Info Systems Limited Contact Details

Company NameC.E. Info Systems Limited

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  1. Step 1

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  2. Step 2

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  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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