Even though the stock market’s growth in the last few days has stopped to some extent, but investors are very excited about the IPO market. In this sequence, investors are excited about the proposed IPO of CE Info System (MapmyIndia) and its listing. The reason for the excitement is that the investors who have applied for MapmyIndia shares as per the signals from the gray market are likely to make huge gains on the day the stock is listed on the market.
According to the report of Economic Times, the share price of the company has been fixed at Rs 1000-1033. The issue will close on 13th December. The shares of this company were showing a premium of around Rs 1000 in the gray market on Friday, which is an indication of its bumper listing.
As far as MapmyIndia’s company is concerned, it provides services related to digital maps, geospatial software and location-based IoT technology. In a way, it can be said that the product of MapmyIndia matches the IT giant Google Maps, but is better than Google Maps on the ground. That is why it is making profit by giving competition to this famous company of the world. The experts are also positive about this company’s market penetration, technology and future. The products of this company are used by companies like PhonePe, Flipkart, Yulu, HDFC, Airtel, Hyundai, MG Motor, SafeExpress etc. The company has registered a revenue of 123 crores and a profit of 47 crores during the six months ending September 2021. It is to be seen how much profit is written in the luck of those who invest in this company’s IPO, who especially fill the IPO with the goal of booking listing-gain.