MapmyIndia IPO: GMP, Important Dates, Other Details. Should you apply?

Here we list down important details regarding MapmyIndia IPO:

– Mapmyindia IPO GMP: As per market observers, MapmyIndia IPO GMP is today 795, which is 15 less than yesterday’s Gray Market Premium (GMP) 810. Market observers said the bullish mood with respect to the public issue can be attributed to the positive stock market bias. He said that such a strong opening of MapmyIndia shares in the gray market augurs well for the IPO.

– Mapmyindia IPO Subscription Date: As mentioned above, MapmyIndia IPO subscription will open on 9th December 2021 and will be open for bidding till 13th December 2021.

– Mapmyindia IPO Price Band: The company has fixed the price band for the book built issue: from 1000 1033 per equity share.

– Mapmyindia IPO Lot Size: One bidder will be able to apply in lot and one lot will have 14 shares of the company. A single bidder can apply for a maximum of 13 lots.

– Mapmyindia IPO Investment Limit: Since one can bid for a minimum of one lot and a maximum of 13 lots, the minimum investment allowed in an IPO is 14,462 ( 1033 x 14) while the maximum investment in IPO is limited 1,88,006 [( ₹1033 x 14) x 13],

– Mapmyindia IPO Allotment Date: The tentative date for allotment of shares is 16 December 2021. The refund will start from 17th December 2021 and credit of shares to the demat account of the lucky bidders is likely to happen on 20th December 2021.

– Mapmyindia IPO Listing: The shares of the digital map provider company will be listed on both NSE and BSE and the likely date of share listing is December 21, 2021.

– To Subscribe or not to MapMyIndia IPO: Speaking on the fundamentals regarding MapmyIndia IPO; Ankur Saraswat, Research Analyst, Trustline Securities, said, “It is a leading provider of advanced digital maps, geospatial software and location-based IoT technologies in India with a strong customer order of 500 including PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai MG Motor, Avis, SafeExpress and Goods and Service Tax Network. The company has been improving financial performance over the years along with strengthening the balance sheet. It is a debt free company. Hence, it is engaged in digital maps and location intelligence technology. A good business. And service space to bet on.”

giving a ‘subscribe’ tag to a public issue; Ravi Singh, Head of Research and Vice President, ShareIndia, said, “MapmyIndia’s profitability has shown good scope with strong technology and high operating leverage. It is a significant clientele and growing market share makes it a good bet for long-term investments. We Advice investors to subscribe to IPOs for long term and watch closely for future valuations.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.