CE Info Systems IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the CE Info Systems IPO release date, MapmyIndia IPO offer price, subscription, CE Info Systems Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 1000 to Rs 1033 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 14 Shares |
| Listing Date | Dec 21, 2021 |
| Offer for Sale | Rs 10396.10 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 10396.10 Million |
| Tick Size | 1 |
CE Info Systems IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
CE Info Systems IPO – Summary
They are a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”). As per the F&S Report, they are India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.
Having pioneered digital mapping in India in 1995, they have earned their market leadership position in this industry and built a strong moat by capitalizing on their early mover advantage, developing proprietary and integrated technologies, full-stack product offerings, continuous innovation, and robust sustainable business model.
The Promoter of this company is RAKESH KUMAR VERMA AND RASHMI VERMA. The lead manager to the issue is Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and DAM Capital Advisors Limited, and the Registrar to this issue is Link Intime India Private Limited.
CE Info Systems IPO Date
The opening and the closing date of CE Info Systems IPO are Dec 9, 2021, and Dec 13, 2021, respectively.
Check out Related IPO Links:
| CE Info Systems IPO GMP |
| Allotment – CE Info Systems IPO |
CE Info Systems IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 9th Dec | 0.46x | 1.17x | 3.28x | 2.02x |
| 2nd Day – 10th Dec | 4.32x | 6.27x | 7.17x | 6.16x |
| 3rd Day – 13th Dec | 196.36x | 424.69x | 15.20x | 154.71x |
| Shares Offered or Net Issue | 2,012,789 | 1,509,592 | 3,522,381 | 7,044,762 |
The shares subscribed by the public will be updated here.
Check MapmyIndia IPO LIVE Subscription
- CE Info Systems IPO LIVE Bid details on BSE
- CE Info Systems IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
CE Info Systems IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
CE Info Systems Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 16, 2021 |
| Refunds Initiation | Dec 17, 2021 |
| Credit of Shares to Demat Account | Dec 20, 2021 |
| Share Listing Date | Dec 21, 2021 |
MapmyIndia IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs 1000 to Rs 1033
CE Info Systems IPO Size
This Initial Public Issue of 10,063,945 Equity Shares of Rs.2 each for cash at a price of Rs 1000 to Rs 1033 per equity share aggregating to Rs.10396.10 Million.
MapmyIndia IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: 10,063,945 Equity Shares of Rs.2 each, aggregating to Rs.10396.10 Million
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CE Info Systems IPO – Live Performance
The listing date of this IPO is Dec 21, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – CE Info Systems Share Price |
MapmyIndia IPO Grey Market Premium
The CE Info Systems Limited IPO Grey Market Premium price is Rs 700, the Kostak rate is Rs 800 and the Subject to Sauda is Rs 8000.
CE Info Systems IPO – Company Overview
They provide products, platforms, application programming interfaces (“APIs”), and solutions across a range of digital map data, software, and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.
Their digital maps comprehensively cover India, and as of the date of this Draft Red Herring Prospectus, their digital maps cover 6.29 million kilometers of roads in India, representing 98.50% of India’s road network which was 6.39 million kilometers as of March 31, 2019, on a provisional basis as per the Annual Report of the Ministry of Road Transport & Highways, Government of India for the year 2020–2021.
As of the date of this Draft Red Herring Prospectus, their digital map data provides location, navigation, analytics, and other information for 7,933 towns, 6,37,472 villages, 17.79 million places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations, etc., and 14.51 million house or building addresses.
Their AI-powered, four-dimensional (“4D”), high-definition (“HD”), information-rich (“IR”),multi-lingual, hyperlocal digital map twin digitally and geospatially represents the dynamically changing real-world in near real-time.
CE Info Systems IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 4,659.58 | 4,268.56 | 3,578.26 | 3,392.59 |
| *Total Revenue | 1,225.79 | 1,922.74 | 1,634.78 | 1,633.35 |
| Total Expense | 597.31 | 1,135.08 | 1,318.82 | 1,215.33 |
| Profit After Tax | 467.66 | 594.33 | 231.95 | 335.66 |
Earnings per Equity Share (in Million)
| 30-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 8.78 | 11.30 | 4.41 | 6.38 |
| Diluted | 8.61 | 10.99 | 4.27 | 6.19 |
Further, their PAT for the period ended on March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 594.33 Million, Rs. 231.95 Million, and Rs. 335.66 Million respectively.
MapmyIndia IPO – Promoters
The Promoter of this company is:
- RAKESH KUMAR VERMA
- RASHMI VERMA
List of Related Parties (Key Managerial Personnel)
- Rakesh Kumar Verma, Chairman, and Managing Director
- Rohan Verma, Whole-time Director, and CEO
- Rakhi Prasad, Non-executive Director
- Sonika Chandra, Additional Non-Executive (Nominee) Director
- Shambhu Singh, Independent Director
- Anil Mahajan, Independent Director
MapmyIndia IPO – Promoters Holding
- Pre Issue Share Holding – 61.71%
- Pos Issue Share Holding – 53.73%
CE Info Systems IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,547,959 Equity Shares aggregating up to Rs.10396.10 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 19,657,380 Equity Shares |
| Equity Shares outstanding after the Issue | 39,932,225 Equity Shares |
CE Info Systems IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To carry out the Offer for Sale of up to 7,547,959 Equity Shares aggregating up to Rs [●] million by the Selling Shareholders; and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
CE Info Systems – Business Strategy
- Augment their products, platforms, and their technology lead
- Continue to scale and expand their customer reach leveraging market presence in India
- Drive expansion in international markets and geospatial sector
- Pursue selective strategic acquisitions and investments to grow their business
- Attract, develop and retain skilled employees to sustain the product quality and customer experience
MapmyIndia IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- B2B and B2B2C market leader in India with a comprehensive suite of SaaS, PaaS, and MaaS offerings capitalizing on early mover advantage;
- Independent, global geospatial products and platforms company, with strong data governance;
- Market position built around proprietary technology and network effect resulting in strong entry barriers;
- Marquee customers across sectors with strong relationships and capability to up-sell and cross-sell;
- Their offerings have ever expanded use cases and they innovate to address technology paradigm shifts; and
- Profitable business model with a consistent financial track record, high operating leverage, and strong cash flows.
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 11.30 | 10.99 | 16.60 | 68.08 |
| 31-Mar-20 | 4.41 | 4.27 | 7.79 | – |
| Mar-19 | 6.38 | 6.19 | 11.77 | – |
MapmyIndia IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| CE Info Systems Limited | 2 | [●] | 11.30 | 16.60 | 1,922.74 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
CE Info Systems IPO Lead Managers
| Lead Managers |
| Axis Capital Limited
JM Financial Limited Kotak Mahindra Capital Company Limited DAM Capital Advisors Limited |
CE Info Systems IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 247 Park L.B.S. Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: ceinfo@linkintime.co.in Investor Grievance E-mail: ceinfo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
MapmyIndia IPO – Other Details
- Statutory Auditor – Brijesh Mathur & Associates, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – Bank of India and ICICI Bank Limited
CE Info Systems IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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CE Info Systems Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
CE Info Systems IPO Review FAQs
Ques – What is the Issue Size of CE Info Systems IPO?
Answer – The Company is making an initial public offer of 10,063,945 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of MapmyIndia IPO?
Answer – The price band for this particular IPO ranges between Rs 1000 to Rs 1033. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the CE Info Systems IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 9, 2021, while the closing date is set at Dec 13, 2021.
Ques – What is the MapmyIndia IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 16, 2021, refund initiation is on Dec 17, 2021, credit of shares is on Dec 20, 2021, and share listing date is on Dec 21, 2021.
Ques – What is the CE Info Systems IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 21, 2021. The date, when the listing would be done, is stagnant on Dec 21, 2021.
Ques – Who is the Registrar of CE Info Systems IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of MapmyIndia IPO?
Answer – Here are the promoters of this IPO – RAKESH KUMAR VERMA AND RASHMI VERMA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of CE Info Systems IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 700. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is MapmyIndia IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of CE Info Systems Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 594.33, 2020 is 231.95, 2019 is 335.66.
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