MapmyIndia IPO Listing at 51.5% Premium

C.E. Info Systems (MapmyIndia) had a solid listing on 21st December and listed at a premium of 51.5%, and closed the day well in the green, although it did give up some of its early gains. The stock faced some pressure at higher levels but the trend was positive through the day. The positive market sentiments supported the stock price story.

With 154.71 times subscription and robust trading in the grey market, C.E. Info Systems (MapmyIndia) was expected to list at a good premium to the issue price. However, actual listing was much better than expected by the markets. Here is the C.E. Info Systems (MapmyIndia) listing story on 21-Dec.

The IPO price was fixed at the upper end of the band at Rs.1,033 which was obvious considering that the issue was subscribed 154.71 times overall with robust contribution from the HNI and the QIB segment. 

The price band for the MapmyIndia IPO was Rs.1,000 to Rs.1,033. On 21st Dec, the stock of C.E. Info Systems (MapmyIndia) listed on the NSE at a price of Rs.1,565, a premium of 51.5% on the issue price of Rs.1,033. On the BSE also, the stock listed at Rs.1,581 a premium of 53.05% on the issue price.

On the NSE, C.E. Info Systems (MapmyIndia) closed on 21-Dec at a price of Rs.1,375, a first day closing premium of 33.11% on the issue price of Rs.1,033. However, the closing price was -12.14% below the listing price. 

On the BSE, the stock closed at Rs.1,394.55, a first day closing premium of 35% on the issue price, but -11.79% below the listing price. On both the exchanges, the stock listed at a steep premium to the issue price, and during the day the premium narrowed, although the closing was still well above the issue price of the stock. 

On Day-1 of listing, C.E. Info Systems (MapmyIndia) touched a high of Rs.1,590 on the NSE and a low of Rs.1,282. On Day-1 of listing, the C.E. Info Systems (MapmyIndia) stock traded a total of 133.97 lakh shares on NSE amounting to value of Rs.1,891.90 crore.  On 21-Dec, C.E. Info Systems (MapmyIndia) was the No.1 most active share on NSE by traded value.

On the BSE, C.E. Info Systems (MapmyIndia) touched a high of Rs.1,586.85 and a low of Rs.1,282.20. On BSE, the stock traded a total of 11.41 lakh shares amounting to value of Rs.160.90 crore. C.E. Info Systems (MapmyIndia) the No.1 most active stock on the BSE also in terms of trading value.

At the close of Day-1 of listing, C.E. Info Systems (MapmyIndia) had a market capitalization of Rs.7,425 crore with free-float market cap of Rs.1,040 crore.

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