mapmyindia ipo good or bad

MapmyIndia IPO is Good Or Bad? GMP, Valuation, IPO Dates, & Review

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MapmyIndia ( C. E. Info Systems Limited ) introduction

MapmyIndia (C.E. Info Systems Ltd) is India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies. Also, MapmyIndia on Feb 12, 2021, announced a partnership with ISRO to offer India’s best, and completely indigenous, mapping portals, apps, and geospatial software.

The 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., serving large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organizations.

What are the risk factors in MapmyIndia IPO?

1. A part of the company’s revenue comes from the automotive sector, so any decline in this sector can also have an adverse effect on the company

2. The company provides advanced digital maps, which are very delicate information for a user, therefore, any inability to maintain or update the map may harm the company’s reputation.

3. company generates revenue from very limited customers, so the loss of even a single customer may impact the company to a large

4. The net proceeds of the IPO is of an offer for sale(OFS) which will go to the shareholders and hence, the company will not be benefitted from it

5. Company rely on telecommunications and information technology systems, As a result, breakdown in these systems may harm the company reputation

6. The company has contingent liabilities, so if materialize will impact its financials

7. Company rely on mobile operating systems like android and ios, however changes to the policies of such systems may affect the company

Why to invest in MapmyIndia IPO?

1. The company has a leading market position in the B2B and B2B2C market for digital maps and location intelligence technologies

2. The company has established customers from different sectors some of them are Hyundai, MG Motor, PhonePe, Flipkart, GSTN, AVIS, Safexpress, Airtel, HDFC Bank, Yulu, etc.

3. The company’s offerings are used in varied sectors like Automotive, Food delivery, Ecommerce, Healthcare and Pharma, BFSI, Retail, and QSR, Telecom and Utilities, Transportation and Logistics, Government, Railways, and waterways, Forest department

4. MapmyIndia has shown consistent growth in revenue and profit over the past three years

5. MapmyIndia has shown growing margins in the past three years

What are the product offerings of MapmyIndia ( C. E. Info Systems Limited ) ?

  1. Digital Maps and Geospatial Data Products
  2. Map, Location and Navigation Platforms
  3. GIS, Geospatial Analytics and Geo-AI Products and Platforms
  4. Location-based IoT, Fleet and Workforce Automation Products and Platforms
  5. Developer APIs and SDK
  6. Consumer location-based apps and gadgets
  7. N-CASE Automotive and Mobility Tech Solutions Suite
  8. Location-powered Consumer Tech and Enterprise Digital Transformation

How are the financials of MapmyIndia IPO?

  1. It has shown stable revenue over the past three years despite Covid-19
  2. Company has shown increasing profits else in FY-20 due to Covid-19
  3. MapmyIndia has shown consistent increase in margins
Financial Year EndedRevenue (₹ Crores)Profit/Loss for the period (₹ Crores)EPS (₹)
March 2019163.3333.566.19
March 2020163.4723.194.27
March 2021192.2759.4310.99
MapmyIndia IPO financials

Promoters of MapmyIndia ( C. E. Info Systems Limited)

Mrs. Rashmi Verma, Mr. Rakesh Kumar Verma

Objects of MapmyIndia( C. E. Info Systems Limited net proceeds

  1. The company will not get the IPO proceeds.
  2. The IPO proceeds comprising of OFS will directly go to the shareholders
Offer for Sale10,063,945 Eq Shares of ₹2
(aggregating up to ₹1,039.61 Cr)
Objects of MapmyIndia IPO

MapmyIndia IPO open & close date

MapmyIndia IPO allotment, refund & listing date

  • Finalization of Allotment: 16th December 2021
  • Initiation of Refunds: 17th December 2021
  • Date of Listing: 21st December 2021

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MapmyIndia IPO allotment status

Allotment can be checked through the registrar website Link Intime India Private Ltd

MapmyIndia IPO GMP today

The grey market price as of 10th Dec 2021 is Rs 940 (91% premium)

MapmyIndia IPO price band

Price range₹1000 to ₹1033 per equity share
Minimum order quantity14 Shares
MapmyIndia IPO price band

MapmyIndia IPO valuation (Overpriced not?)

Calculating with its upper price band of Rs 1033

Now, the EPS (earning per share) for FY21 is 10.99 so the P.E ratio (price to earnings ratio) comes at 1033/10.99= 93.99X

And if we take EPS for the Q Sep 2021 which is 8.61 and annualize it = 1033/8.61 = 119.97/2 = 59.98x = is the annual P.E they are asking for FY22

So, they are asking P.E between 59.98x to 93.99x which is fully priced

MapmyIndia IPO is Good or Bad?(Review)

MapmyIndia (C.E. Info Systems Ltd) is India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies. Also, It is even showing good revenue and profits with also decent margins, so for medium to long term investment, it is a good choice. And because of its craze, it will also be oversubscribed and give good listing gains. Coming to the conclusion you can subscribe to this IPO

Rating: 4.5 out of 5.

FAQ

1. Mapmyindia IPO expected to price

as of 8th Dec 2021 is Rs 784 (75.90% premium)

2. Mapmyindia IPO issue price

Rs 1033

3. Mapmyindia IPO size

OFS of ₹1,039.61 Cr

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