Company Background.
C.E. Info Systems Ltd also known as MapmyIndia, is a 26 year old company. It was Founded on 17th February 1995.They are the country’s foremost provider of geospatial software, digital maps and location based IoT technologies. Their marquee investors are PhonePe, Zenrin ,Qualcomm ISRO, Niti Aayog, Flipkart, HDFC Bank, Bharti Airtel, Hyundai Motors, MG Motors, Avis, Safexpress and GST Network.The company provides platforms and application programming interfaces (APIs) for a host of such digital mapping solutions.
Business Information.
It operates in the domestic market under the “MapmyIndia” brand and in the international market under the “Mappls” brand.Majority of the revenues for C.E. Info Systems Ltd (MapmyIndia) comes from subscription services and from royalty payments. The company's client base is B2B in nature.Some of the major investors in the company are Qualcomm and Phone Pe. MapymyIndia has also entered into various MOUs with some government organizations such as the ISRO, NITI Aayog, National eGovernance Division, Ministry of Electronics and Information Technology, and Government of India.Rakesh Kumar Verma And Rashmi Verma are the company promoters.
Facts about the company
Most of the company's revenues comes by way of fees and royalty income as well as annuities from licenses.
For fiscal year 2021, 60% of the revenues were generated by the Platform and IOT products business while the map and data products generated 40% of the revenues.
The company is a leading the B2B and B2B2C market for digital maps and location intelligence in India
As of 31 March 2021, they have a workforce of 734 employees, both India and overseas.
Points to note before investing in C.E. Info Systems Ltd IPO
Since the last 18 months, it is reporting hectic performance with super-profits.
For FY20 it marked decreasing profits on unchanged turnovers.
They had over 500 customers on their platform in FY21.
The company has almost built strong entry barriers in the business
C.E Info Systems has a very consistent and profitable financial track record.
IPO Opening Date | Dec 9, 2021 |
IPO Closing Date | Dec 13, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹2 per equity share |
IPO Price | ₹1000 to ₹1033 per equity share |
Market Lot | 14 Shares |
Min Order Quantity | 14 Shares |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
Basis of Allotment Date | Dec 16, 2021 |
Initiation of Refunds | Dec 17, 2021 |
Credit of Shares to Demat Account | Dec 20, 2021 |
IPO Listing Date | Dec 21, 2021 |
We hope this information was helpful. For more details, you can post your queries below and we will be happy to share them with you.
Thank You!