MapMyIndia IPO

 

MapMyIndia is a data and technology solutions and platforms firm that provides proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”). MapMyIndia IPO will hit the market in 09 December 2021.

About Mapmyindia

They are India’s largest provider of innovative visual maps, geospatial software, and location-based Internet of Things (IoT) solutions.

They earned their market leadership position in this industry and built a strong moat by capitalising on their early mover advantage, establishing proprietary and incorporated technologies, full stack product portfolio, constant innovation, and a robust renewable corporate model, having invented digital mapping in India in 1995.

Via the (MapmyIndia) brand, they provide services, platforms, application programming interfaces (“APIs”), and solutions for a variety of digital map data, applications, and IoT for the Indian market, as well as the foreign market under the (Mappls) brand.

Mapmyindia Offering

Their digital maps cover the entire country, and as of August 31, 2021, their digital maps covered 6.29 million kilometres of roads in India, accounting for 98.50 percent of the country’s road network, which was 6.39 million kilometres on a provisional basis.

Aaccording to the Ministry of Road Transport and Highways’ Annual Report for the years 2020–2021. their digital map information gives location, navigation, analytics, as well as other details for 7,933 towns, 6,37,472 villages, 17.79 million locations throughout many sections.

These are restaurants, retail shops, malls, ATMs, guest houses, police stations, electric vehicle charging stations, and 14.51 million house or building addresses as of August 31, 2021.

Services

Their artificial intelligence-powered, four-dimensional (“4D”), high-definition (“HD”), information-rich (“IR”), multilingual, hyperlocal digital map twin online and geospatially reflects the rapidly evolving real world in near real time.

Around 400 million geo-referenced images, videos, and 360-degree panoramas are used to create their ‘RealView’ maps, which show real roadside and on-ground outlooks throughout India.

Despite the fact that their main business is in India, their geospatial software and location-based IoT systems, product lines, APIs, and solutions are data and geography agnostic, allowing them to provide worldwide services.

Business Model

B2B and B2B2C corporate clients account for the majority of their revenue. Their business plan is to charge their clients fees on a per-period basis, based on the vehicle, asset, transaction, use case, and user.

In exchange for granting licences and usage rights to their proprietary digital MaaS, PaaS, and SaaS solutions, these take the form of subscription fees, royalties, and annuities.

Subscription fees, royalties, and annuity payments collectively accounted for almost 90% of their operating revenue in Fiscal 2021. Since their beginning, they has served over 2,000 corporate clients as of March 31, 2021.

MapMyIndia IPO

C.E. Info Systems limited (MapMyIndia), headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 7,547,959 equity shares on 31 August, 2021.

The Offer includes no fresh equity  and an offer for sale(OFS) up to 7,547,959 equity shares of face value of 2 per share, by the promoters.

They got approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market on 29 November 2021.

Financials Trends

Particulars	For the year ended ( in Cr.)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	426.86	357.83	339.26
Total Revenue	192.27	163.48	163.34
Profit After Tax	59.43	23.20	33.57

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	15.07	14.66	3
Financial Year 2020	5.88	5.70	2
Financial Year 2019	8.51	8.25	1
Weighted Average	10.91	10.61

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of The offer

This are the major factors which had contributed in determining the price:

• In India, it is the industry leader in B2B and B2B2C, with a full portfolio of SaaS, PaaS, and MaaS services that take advantage of first-mover advantage.
• With excellent data governance, an independent, worldwide geospatial products and solutions firm.
• The market position is based on unique technology and the network effect, which creates high entry barriers.
• Clients with strong ties and the potential to upsell and cross-sell between sectors.
• They innovate to accommodate technology paradigm shifts, and their services have ever-expanding use cases.
• Profitable company model with a long track record of success, considerable operating leverage, and robust cash flows.

MapMyIndia IPO Peer Comparison

There are no publicly traded firms in India that operate in a similar industry to theirs. As a result, a P/E ratio for the industry cannot be provided.

MapMyIndia IPO Details

IPO Opening Date	09 December 2021
IPO Closing Date	13 December 2021
Issue Type	Book Building
Face Value	Rs. 2 per  share
IPO Price	1000 to 1033 per equity share
Market Lot	14
Min Amount	14462
Listing At	BSE, NSE
Issue Size	7,547,959 Equity shares
Fresh Issue	0
Offer for Sale	7,547,959 Equity shares

MapMyIndia IPO Date

MapMyIndia IPO opening date is 09 December 2021, and the closing date is 13 December 2021. The issue may list on 21 December 2021.

IPO Open Date	09 December 2021
IPO Close Date	13 December 2021
Basis of Allotment Date	16 December 2021
Initiation of Refunds	17 December 2021
Credit of Shares to Demat Account	20 December 2021
IPO Listing Date	21 December 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly equivalent
Non Institutional Investor	15	Roughly equivalent
Retail	35	Minimum 1 lot based on availability

MapMyIndia IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of MapMyIndia IPO.

MapMyIndia IPO GMP

MapMyIndia IPO Grey Market Premium is 675. You can check out other IPOs GMP on below Links.

Date	GMP (in Rs)	Subject to Sauda	Kostak
20 December 2o21	675	3300	400
19 December 2021	885	5200	600
18 December 2021	845	3400	450
17 December 2021	1002	5400	600
16 December 2021	1041	4700	500
15 December 2021	1025	6400	700
14 December 2021	1035	7300	350
13 December 2021	1085	5700	650
12 December 2021	1045	7400	750
11 December 2021	1020	7100	700
10 December 2021	955	7900	850
09 December 2021	825	6400	650
08 December 2021	815	7800	750
07 December 2021	790	5300	550
06 December 2021	740	3200	300
05 December 2021	770
04 December 2021	550

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

MapMyIndia IPO Review

If you are looking for answer regarding Mapmyindia IPO is good or bad then here is the answer you can apply for long term as well as for big listing gain. The client base and management of the company is amazing & it can be double from IPO price soon.

MapMyIndia IPO Risk

• They are reliant on developments in the industries in which their corporate clients operate.
• A portion of their business is reliant on the performance of the automobile industry, particularly in India, which is their most important market.
• Their ability to sell their services may be harmed if they are unable to maintain or update their map database, or if their map database contains errors.
• The deregulation of the digital mapping business could increase competition and their incapacity to compete effectively, resulting in client loss.
• They may not be able to maintain their current growth rates, and their historical results may not be representative of their future results.
• Increased government rules could impose more costs on their company.

Other Threats

• They may make strategic investments or acquisitions that are difficult to integrate and manage.
• their business could suffer if they do not maintain or develop their IT infrastructure.
• System failures and resulting interruptions in their platform’s functionality could have a negative impact on their business.
• COVID-19’s outbreak and aftereffects, or any other major communicable disease outbreak, could have a negative influence on their business.
• Their overseas operations and expansion strategies are exposed to the risks and uncertainties of doing business outside of India.
• Their worldwide operations generate revenue that is vulnerable to foreign currency risk.

Growth

They had over 500 clients on their SaaS, PaaS, and MaaS platforms in fiscal year 2021. Leading car manufacturers, significant corporations throughout industry areas such as BFSI, telecom, FMCG, industrials, logistics & transportation, and key governmental entities are among their clientele.

PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress, and the Goods and Service Tax Network (“GSTN”) are among their clients.

Their systems are being adopted by new age and start-up enterprises in consumer tech, last-mile delivery, shared mobility, and e-commerce, which is allowing them to scale quickly.

Products

Their products are being used in an increasing variety of applications across numerous functions within enterprises, including sales, distribution, marketing, analytics, engineering, IT, logistics, call centre, and support programs.

Growing usage of their navigation, linked, autonomous, collaborative, and renewable mobility solutions in the automotive industry, as well as their IoT and telematics solutions in the mobility, transportation, and logistics industries, contributes to their business expansion.

Their combined revenue from operations climbed from $1,352.55 million in the previous fiscal year to $1,486.29 million in the following fiscal year and $1,524.63 million in the following fiscal year.

Categories

These are the main categories of the services:

• Consumer Technology and Enterprise Digital Transformation (“C&E”):

They provide their products and systems to client technology companies and businesses across a variety of industries.

They provide their customers with a suite of digital maps, SaaS, PaaS, APIs, and strategies in the regions of location intelligence, geospatial analytics, geographic information systems (“GIS”), digital automation, and AI.

They can integrate into their consumer-facing apps and use to support their digital transformation efforts. Their services are designed to assist their B2B2C clients in maximising the value and benefits of their apps for their users.

• Automotive and Mobility Tech (“A&M”)

Automotive OEMs (vehicle producers) of four-wheelers, two-wheelers, commercial vehicles, and electric cars, as well as entities involved in people and goods transportation, mobility, and logistical, are served by Automotive and Mobility Tech (“A&M”).

They offer them a range of virtual maps, SaaS, PaaS, APIs, IoT, and options in the sectors of N-CASE mobility (Navigation, Connected vehicle, Autonomous safety and innovative driver assistance systems, Shared mobility, and Electric mobility), telematics, fleet management, and logistics optimization, which they can incorporate in modern cars and incorporate with existing fleets.

Promoters

• Rakesh Kumar Verma
• Rashmi Verma

Promoter Holding

Pre Issue Share Holding	64.53%
Post Issue Share Holding