C.E. Info System

IPO Size

`1,039.61 Cr

Price Band

`1000 -1033 Per Share

Minimum Lot Size

14 Share

Face Value

`2 Per Share

Employee Discount


Retail Allocation


Issue Open Date

9 Dec, 2021

Issue Close Date

13 Dec, 2021

Listing Date

21 Dec, 2021

About the Company:

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

The firm's digital maps cover 6.29 million kilometers of roads in India, representing 98.50% of India’s road network which was 6.39 million kilometers as of March 31, 2019, on a provisional basis as per the Annual Report of the Ministry of Road Transport & Highways, Government of India for the year 2020–2021.

As of March 31, 2021, the firm serviced over 2,000 enterprise customers since our inception. In Financial Year 2021, we had over 500 customers on our SaaS, PaaS, and MaaS platforms. 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 organizations. Some of the firm's customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress, and Goods and Service Tax Network.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases 1 - - - 1 -
Material civil cases - - - - - -
Taxation matters - - - - - -
Regulatory Proceedings - - - - - -

Financial Statements:

Income Statement(in Milllions) March'2021 March'2020 March'2019
Gross Operating Income 1,922.74 1,634.78 1,633.35
Cost of Employee & Inventory 539.54 642.73 507.54
Other Expenses 1,010.54 1,192.77 1,097.51
EBITDA 912.20 442.01 535.84
Finance Cost 25.57 28.36 26.32
Depreciation 98.97 97.69 91.5
Profit Before Tax  787.66 315.96 418.02
 Tax 193.33 84.01 82.36
Profit After Tax 594.33 231.95 335.66

Promoter of the Company

Rakesh Kumar Verma And Rashmi Verma

Peer Comparison

No Listed peers

Objectives of the Issue

Offer for Sale

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.

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