After a cushion subscription at its original public immolation (IPO) last week, shares of MapmyIndia made a strong request debut on Tuesday with the stock listing at a decoration of over 51 at ₹ per share on the NSE as compared to issue price of ₹ all. On BSE, MapmyIndia shares started trading at ₹ per share.

The three- day original public immolation (IPO) of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, garnered strong investor response and was subscribed a whopping154.71 times on the last day of subscription that closed on December 13.

The three- day original public immolation (IPO) of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, garnered strong investor response and was subscribed a whopping154.71 times on the last day of subscription that closed on December 13.

Meena suggested that investors who applied for the IPO’s listing gain should put a stop loss of 1480 and long- term investors who got allotments should continue to hold the stock whereas new investors can also look for buying in the dips.
The IPO was entirely an offer for trade of over to equity shares by being shareholders and protagonist and had a price range of ₹- per share. The company had mobilised ₹ 312 crore from anchor investors ahead of its original share trade.

C.E. Info Systems Ltd, popularly known through its brand MapmyIndia, is backed by global wireless technologies company Qualcomm and Japanese digital mapping Zenrin. MapmyIndia is a leading provider of advanced digital charts, geospatial software and position- grounded IoT technologies.

The company’s data powers AppleInc.’s Charts andAmazon.comInc.’s Alexa voice adjunct. The company’s guests include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (GSTN).