MapmyIndia IPO is going to launch soon. Digital marketing company MapmyIndia is going to launch its initial public offering(IPO). MapMyIndia is a leading provider of Jio Special software location-based IoT Technologies and advanced digital maps in India. The company provides products, platforms, applications, and solutions across a range of data map data IoT software for the Indian market and the international market.
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The IPO is completely an offer for sale of up to 10,063,945 equity shares by promoters and shareholders. At present, company promoters Rashmi Verma and Rakesh Kumar Verma hold 35.88% and 28.65% respectively.
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MapmyIndia IPO details
IPO will open on the 9th of December 2021 and it will close on the 13th of December 2021. The face value will be rupees 2 per equity share and the IPO price will be range from 1000 to 1033 per equity share. The market lot will be 14 shares and the minimum order quantity will be 14 shares.
The listing will be done at both the BSE and NSE and the allotment will be on 16th December 2021. Initiation of refunds will be on 17th December. The credit of shares to the Demat account is on 20 December and IPO listing date will be on 21st December 2021. MapMyIndia IPO market lot size is 14 shares and a retail individual investor can apply for up to 13 lots.