MapmyIndia is a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India. The company is 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). The company provides 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.
The digital maps offered by the company cover 6.29 Mn Km of roads in India, representing 98.50% of India’s road network. The company’s digital map data provides location, navigation, analytics, and other information for 7,933 towns, 6,37,472 villages, 17.79 Mn places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations, etc., and 14.51 Mn house or building addresses. The company’s ‘RealView’ maps provide actual roadside and on-ground views based on over 400 Mn geo-referenced photos, videos, and 360-degree panoramas across India.
The company serves the BFSI, telecom, FMCG, industrials, logistics, and transportation sectors. MapymyIndia has also entered into various memorandums of understanding with key government organizations such as the Indian Space Research Organisation (ISRO), NITI Aayog, National eGovernance Division, Ministry of Electronics and Information Technology, and Government of India. Some of the company’s customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, and Hyundai. The subscription fee, royalty, and annuity payments together contributed over 90% of the company’s revenue for Fiscal 2021.
Competitive Strengths:
- Pioneers of digital mapping in India having an early mover advantage
- Leading the B2B and B2B2C market for digital maps and location intelligence in India
- Proprietary technology and network effect resulting in competitive edge
- Independent, global geospatial products and platforms company with strong data governance
- Prestigious customers across sectors with strong relationships
- Consistent profitable financial track record
Company Promoters:
Rakesh Kumar Verma And Rashmi Verma are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-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 |
| Profit After Tax | 467.66 | 594.33 | 231.95 | 335.66 |
Objects of the Issue:
The objects of the offer are to carry out the offer for the sale of 10,063,945 equity shares and achieve the benefits of listing the equity shares on the stock exchanges.
MapmyIndia IPO Details
| IPO Opening Date | Dec 9, 2021 |
| IPO Closing Date | Dec 13, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
| Issue Size | 10,063,945 Eq Shares of ₹2 (aggregating up to ₹[.] Cr) |
| Offer for Sale | 10,063,945 Eq Shares of ₹2 (aggregating up to ₹[.] Cr) |
MapmyIndia IPO Tentative Timetable
The MapmyIndia IPO open date is Dec 9, 2021, and the close date is Dec 13, 2021. The issue may list on Dec 21, 2021.
| IPO Open Date | Dec 9, 2021 |
| IPO Close Date | Dec 13, 2021 |
| Basis of Allotment Date | Dec 16, 2021 |
| Initiation of Refunds | Dec 17, 2021 |
| Credit of Shares to Demat Account | Dec 20, 2021 |
| IPO Listing Date | Dec 21, 2021 |
MapmyIndia IPO Promoter Holding
| Pre Issue Share Holding | 65.63% |
| Post Issue Share Holding |
Company Contact Information
C.E. Info systems limited
First, Second, & Third Floor,
Plot. No. 237, Okhla Industrial Estate,
Phase- III, New Delhi 110 020, India
Phone: +91 11 4600 9900
Email: cs@mapmyindia.com
Website: https://www.mapmyindia.com/
MapmyIndia IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ceinfo@linkintime.co.in
Website: https://linkintime.co.in/