C.E. Info Systems IPO: Check IPO Details, Date, Price | Espresso


C.E. Info Systems Limited – Dec 9 to Dec 13

December 07, 2021
C.E. Info Systems Limited – Dec 9 to Dec 13

C.E. INFO SYSTEMS IPO (MAP MY INDIA) is coming out with a fresh public issue to raise Rs 1039.61 crores from the market.

Key details of the issue:

  • Issue opens – Dec 9 (Thursday)
  • Issue closes – Dec 13 (Monday)
  • Issue size – Rs 1039.61 crores
  • Price band – Rs 1000 to 1033 per equity share
  • Bid lot – 14 shares and in multiples thereof

And here are some details of the company and further details on the C.E. INFO SYSTEMS IPO (MAP MY INDIA) issue.

Company details:

·        C.E. Info System 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”). 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. (Source: F&S Report).

·        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.

·        As of September 30, 2021, They had serviced over 2,000 enterprise customers since their inception. During Financial Year 2021 and the six month period ended September 30, 2021, they had over 500 customers on their SaaS, PaaS and MaaS platforms. Their customers include marquee and renowned global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organisations. Some of their customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (“GSTN”).

·        The adoption of their solutions by new age companies and start-up companies across consumer tech, last-mile delivery, shared mobility and e-commerce is helping them scale rapidly. A growing number of use cases of their products across multiple functions within organizations including sales, distribution, marketing, analytics, engineering, IT, logistics, call centre and support services provide them with growth opportunities. Increased adoption of their navigation, connected, autonomous, shared and electric mobility technologies in the automotive sector, and of their IoT and telematics technologies in the mobility, transportation and logistics sectors also help in their business growth.

·        In 2005, they were shortlisted by NASSCOM as a “Showcase Company for IT Innovation in India” for launching MapmyIndia.com in 2004. They also won the Government of India’s “Aatmanirbhar Bharat App Innovation Challenge” in the “others” category in 2020, organised by Ministry of Electronics and Information Technology, Government of India. They have also recently entered into various memorandums of understanding with key government organisations such as the Indian Space Research Organisation (“ISRO”), NITI Aayog, National eGovernance Division, Ministry of Electronics and Information Technology, Government of India, and National Institute of Urban Affairs, Ministry of Housing and Urban Affairs, Government of India to provide ‘Aatmanirbhar’, or indigenous geospatial solutions and capabilities to Indian users, through continuous participation and active contribution to key initiatives in this space.

 Issue size:

Rs 1039.61 crores

 Issue break-up:

  • QIB – 50% of the offer – Rs 519.80 crores
  • NIB – 15% of the offer – Rs 155.94 crores
  • RET – 35% of the offer – Rs 363.86 crores




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