This is an archive article published on December 13, 2021

IPO Wrap: MapmyIndia IPO subscribed over 154 times on final day led by non institutional investors and QIBs

MapmyIndia IPO subscription status: The initial public offering (IPO) of digital mapping company C.E. Info Systems (MapmyIndia) was subscribed 154.71 times on the final day.

MapmyIndia, also known as CE Info Systems, is backed by global wireless technologies company Qualcomm and Japanese digital mapping Zenrin. (Image source: Facebook/MapmyIndia)

By: Express Web Desk

2 min readNew DelhiDec 13, 2021 07:35 PM IST First published on: Dec 13, 2021 at 07:34 PM IST

MapmyIndia IPO subscription status: The initial public offering (IPO) of digital mapping company C.E. Info Systems (MapmyIndia), which was launched on Thursday was met with a robust response by the investors as it got subscribed 154.71 times on the final day, according to the data available on the BSE.

The Rs 1,040 crore offer received bids for over 108.98 crore (1,08,98,95,450) shares against the total issue size of over 70.44 lakh (70,44,762) shares, the data showed.

The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 196.36 times, while those of non institutional investors was subscribed a whopping 424.69 times and that of retail individual investors (RIIs) was subscribed 15.20 times, the data showed.