MapmyIndia raises ₹311 crores from Anchor Investors ahead of IPO
Written by Lucky Wilson | KGTO Writer on December 10, 2021
The leading digital map and IoT technology provider CE Info Systems aka MapmyIndia raised ₹311 crores from anchor investors on December 08, 2021 Wednesday before the IPO. The MapmyIndia IPO is to open on December 09, Thursday. The company allotted a total of 3,019,183 equity shares to 34 Anchor investors at an upper price band of ₹1033. The anchor investors list includes 9 Mutual Funds through a total of 17 schemes. The company is going to raise ₹1040 crores. Check out the final list of MapmyIndia Anchor Investors given below:
MapmyIndia Anchor Investors List
The Committee of the Company as its meetings held on December 8, 2021 and the Selling Shareholders, in consultation with the Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, and DAM Capital Advisors Limited (“BRLMs”) has finalized allocation of 3,019,183 equity shares, to Anchor Investors at Anchor Investor Allocation Price of Rs. 1033/- per Equity Share (including a share premium of Rs. 1031/- per Equity Share). The details are given below:
The MapmyIndia IPO to open on 09 December and closes on 13 December 2021. The price band is fixed at ₹1000 to ₹1033. MapmyIndia IPO application minimum bid is for 14 Shares (₹14,462) and maximum bid is 182 shares (₹188,006). The Book Running Lead Managers of the IPO are Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and DAM Capital Advisors Limited.
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