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Opening Date
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9th December 2021
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Closing Date
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13th December 2021
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Face Value
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₹2 per equity share
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IPO Price Band
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₹1000 to ₹1033 per equity share
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Minimum Order Quantity
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14 Shares
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Issue Size
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₹1,039.61
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The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the C.E. Info Systems Ltd IPO which is slated to go live in December 2021.
MapMyIndia is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”) and platform as a service (“PaaS”). As per the F&S Report, the company is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. Having pioneered digital mapping in India in 1995, the company has earned market leadership position in this industry and built a strong moat by capitalizing on its early mover advantage, developing proprietary and integrated technologies, full stack product offerings, continuous innovation and robust sustainable business model.
As of March 31, 2021, the company has serviced over 2,000 enterprise customers since its inception. In Financial Year 2021, the company held over 500 customers on our SaaS, PaaS andMaaS platforms. The customers include marquee and renowned global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organisations. Some of the customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress, andGoods and Service Tax Network.
- C.E. Info Systems Ltd IPO details -
Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO 2023 viz - C.E. Info Systems Ltd IPO date and it’s share price.
- C.E. Info Systems Ltd IPO date -
According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from 9th December, 2021 and will be available for subscription until 13th December 2021
- C.E. Info Systems Ltd IPO issue size -
The IPO will bring out a total offer for sale aggregating up to ₹1,039.61 crores for 39.93 million shares.
- C.E. Info Systems Ltd IPO share price
The price band of the company’s upcoming IPO is decided to be ₹1000 to ₹1033 per equity share
- C.E. Info Systems Ltd IPO listing
Since the IPO of C.E. Info Systems Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)
- C.E. Info Systems Ltd IPO objectives
Since the IPO is a pure Offer for Sale the Company will not receive any proceeds from the Offer. All the Offer Proceeds - net of any Offer related expenses to be borne by the Selling Shareholders will be received by the respective Selling Shareholders.
Conclusion
If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.