MapmyIndia's Rs 1,039.6-crore initial public offering witnessed strong investor interest on the final day.
The initial share sale of its parent CE Info Systems Pvt. received bids amounting to 2.02 times and 6.16 times on its first and second day, respectively.
The digital map provider is selling shares at Rs 1,000-1,033 apiece, seeking a market value of Rs 5,500 crore at the upper end. The IPO is a pure offer for sale by promoters, private equity and other selling shareholders.
Subscription Details: Day 3
The IPO was subscribed 154.71 times as of 5 p.m. on Dec. 13.
Institutional investors: 196.36 times.
Non-institutional investors: 424.69 times.
Retail investors: 15.2 times.
Research Reports On MaymyIndia IPO:
Strengths, Key Strategies, Risks, Financials, Valuation: Anand Rathi
MaymyIndia IPO - Unique And First Of Its Kind Listing: Motilal Oswal
Watch BloombergQuint's IPO Adda With MapmyIndia's Management:
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