top of page
Search

MAPMYINDIA IPO

  • Writer: Yash Mehta
    Yash Mehta
  • Dec 9, 2021
  • 2 min read

IPO Details:


Price Band: 1000-1033

Cutoff Price: 1033


About Company:


MapmyIndia 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”). Company is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. Having pioneered digital mapping in India in 1995, MapmyIndia has earned market leadership position in this industry and built a strong moat by capitalizing on early mover advantage, developing proprietary and integrated technologies, full stack product offerings, continuous innovation and robust sustainable business model.


Competitive Strengths:

  1. B2B and B2B2C market leader in India with a comprehensive suite of SaaS, PaaS and MaaS offerings capitalizing on early mover advantage.

  2. Independent, global geospatial products and platforms company, with strong data governance.

  3. Market position built around proprietary technology and network effect resulting in strong entry barriers.

  4. Marquee customers across sectors with strong relationships and capability to up-sell and cross-sell.

  5. Our offerings have ever-expanding use cases and we innovate to address technology paradigm shifts.

  6. Profitable business model with consistent financial track record, high operating leverage and strong cash flows.


Strategies:

  1. Augment products, platforms and our technology lead.

  2. Continue to scale and expand our customer reach, leveraging market presence in India.

  3. Drive expansion in international markets and geospatial sector.

  4. Pursue selective strategic acquisitions and investments to grow our business.

  5. Attract, develop and retain skilled employees to sustain the product quality and customer experience.


Financial Performance:



Revenue is increasing, and company is profitable. With EPS of 11.3, the company's P/E is 91. Also, company's P/B is 15.2.


Objects of the Issue:


The Net Proceeds from the Issue are proposed to be utilised in the following manner:

  1. Offer for Sale

Competitors Comparison:


There are no listed competitors of MapmyIndia on Indian stock market.


Grey Market Premium:


Our view: GMP of the IPO is good. Company is profitable and there are no listed competitors. I will subscribe to this IPO.


Disclaimer: Views are shared for an educational purpose. Please consult your financial advisor or planner before taking any action based on the views or facts shared on this blog.

Like and share with others too so that they can get the gist of this IPO.


Comments

bottom of page