Shares of MapmyIndia or Shares of CE Info Systems Going to be listed on NSE and BSE today. As per the information available on the BSE website, the equity shares of the company will be listed and included in the list of ‘B’ Group of Securities for dealing on the exchange. special pre-open session Today i.e. 21st December 2021. According to stock market experts, the public issue was considered to be double the candidates for the allottees, but due to negative sentiments in the primary markets, the public offer may not be able to double the money of the lucky bidders. However, market experts say that the start of this stock will be strong and may open within the scope of MapmyIndia’s stock. from 1500 1800 level against its upper price band 1033 per equity share.
Speaking on MapmyIndia IPO Listing Benefits; Abhay Doshi, Founder, UnlistedArena.com, said, “Amid the broader market sell-off, the primary market is also moving on parallel lines as the market has seen some discount listings, which has put sentiments on the nose. Map My India One is unique company with good financial growth with further growth prospects can’t disappoint investors on listing.Listing can be beneficial and I hope to list around CE info system from 1550 1600 levels. Earlier it was counted as a double candidate but the reforms have dashed the hopes.”
Resonates with Abhay Doshi’s thoughts; Ravi Singhal, Vice Chairman, GCL Securities said, “The market sentiment is weak these days, Mapmyindia share listing range is wide and may get listed in the range. from 1500 1800 levels.”
Bumper Listing Profit Prediction From MapmyIndia IPO; Ayush Aggarwal, Senior Analyst, Swastika Investmart Ltd. said, “It was expected that Mapmyindia share listing may give more than 100 per cent returns on the day of listing. However, the expectations have dimmed amid sharp correction in the market where gray There is a market premium. Listing of around 70-75 per cent is indicating profit.”
Strong listing premium expected from CE Info Systems share listing; Manoj Dalmiya, Founder and Director, Proficient Equities Ltd. said, “We are expecting 60 to 70 per cent listing premium from the public issue and it may get listed in the lower category. from 1600 1750 levels.”
MapmyIndia predicts 65 to 70 percent listing profit from IPO; Ankur Saraswat, Research Analyst, Trustline Securities said, “MapmyIndia 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 and Goods. Service Tax Network. Debt free company has been improving its financial performance over the years along with strengthening the balance sheet. Hence, sentiments on this IPO are positive and we are looking forward to listing around this public issue. from 1700 1735, provides about 65 to 70 per cent listing benefit to the allottees.”
Ravi Singh, Head of Research and Vice President, ShareIndia, said, “MapmyIndia is a good bet for long-term investments due to its sustainable business model. However, in the current market scenario, when the overall market is in negative territory, the stock may decline. May manages to be listed at a premium of around 20-30 percent in the price range of from 1200 1300.”
Mapmyindia IPO GMP
MapmyIndia IPO GMP or CE Info Systems IPO GMP today 590 means gray market is expecting this IPO to be listed approx. 1623 ( 1033 + 590), which is 55 percent more than the issue price of from 1000 1033 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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