CE Info Systems (MapmyIndia) IPO :
Its an Indian company of
data and technology products and platforms founded by Mr. Rakesh Verma and
Rashmi Verma in 1995 as CE Info System. The company provides maps as a service
(MaaS), Software as a service (SaaS), and Platform as a service (Paas).
Company Profile:
The company is a leading provider of advanced digital
maps, geospatial software, and location-based technology in India. The company
provides platforms, application programming interfaces (APIs), and solutions
across the range of digital map data, software for the Indian market under the
MapmyIndia brand, and the international market under the Mappls brand.
CE Info Systems, which owns the brand MapmyIndia, has
geared up for floating its maiden public issue on 9th December 2021. The company is a
leading provider of advanced digital maps, geospatial software, and
location-based IoT technologies in India. It has built maps for more than 6
million km, covering 98.5 percent of India’s road networks under the MapmyIndia
brand. It also caters to the international market under the (Mappls) brand.
The company is an early mover in India of digital mapping
space and pioneered several digital mapping technologies such as AI-powered 4D
HD digital map of the real world, and NCASE mobility suite for digital
vehicles. It provides a wide range of location-powered software and the most
comprehensive set of offering compared to its larger global peers. So, the
company is now a market leader amongst B2B and B2B2C clients of India. They provide an inbuilt map system in the dashboard of
the car. So, the accuracy of MapmyIndia is very good.
The software provides
information about traffic and safety also. The company also provides the
service for Goods and Service Tax Network (GSTN), where they track the taxpayer
in any location of the country and maximize and optimize the tax for the
development of India. Most of the products platforms and solutions are digital
of MapmyIndia, they created in house and deployed, and delivered over the cloud
which makes the company asset-light and relatively low variable cost base.
Customers:
In September 2021, the company provide service to over 2000
enterprise customers including marquee and renowned global tech giants. The
company serves BFSI, telecom, FMCG, industrials, logistics, and transportation
sectors. CE Info System (MapmyIndia) has also entered various key
government organizations like the Indian Space Research Organization (ISRO), NITI Aayog, National E-Governance Division, Ministry of
Electronics and Information Technology, and government of India.
Some private
companies include PhonePe, Flipkart, HDFC Bank, Airtel, Hyundai, MG Motor,
Avis, Safexpress, and Goods and Service Tax Network (GSTN). The
subscription fee, royalty, and annuity payments together contributed to over
90% of the companies. Also, the Indian government adds MapmyIndia in the cowin
section.
Financials:
As of September 2021, the profit of the
company jumped to INR 46.76 crores compared to last year's profit of INR 17.86 crores.
And the revenue during the period is INR 100.03 crore from INR 55.18 crores of last
year. CE Info System recorded a profit of INR 59.43 crores in the financial year 2020-21. growing good from INR 23.19 crore in the previous year. And the revenue of the company in same period INR 152.46 crore from INR 148.63 crores.
Key Risks:
The business of the company is dependent on the performance of the automotive sector, including its key market in India.The competition is increased due to the liberalization of the digital mapping industry.
Failure to develop competitive or improved products and services or map data.
Dependency of the limited number of customers.
Dependency on telecommunication and information technology systems, networks, and infrastructure to operate his business.
Strength:
Independent, global geospatial products & platform company with strong data governance.
Marquee customers across the sectors with a strong relationship.
A profitable business model with a consistent financial track record, high operating leverage, and strong cash flow.
Promoters:
Mr.
Rakesh Kumar Verma is the chairman and managing director of the company. He is
the whole time director and CEO of the company from founded in 1995. Rakhi
Prasad is the non-executive director and Sonalika Chandra is the additional
non–executive director of the company. Shambhu Singh, Anil Mahajan Kartheepan
Madasamy, and Tina Trikha are the Independent Directors of the company.
IPO
Opening Details:
MapmyIndia
IPO subscription opens today on 9th of December 2021 and it will be open for
investors till the 13th of December 2021.
IPO Price Band:
The
Company has been fixed the price band of the book-built issue at INR 1000-1033/equity share.
Lot Size of the IPO:
The
investors will be able to apply a minimum of one lot and it will comprise 14
company shares. The maximum limit to apply is 13 lots.
Investment Limit of the IPO:
The
minimum investment allowed in the IPO is INR 14,462(1033x14) whereas maximum
investment in the IPO is capped at INR 1,88,003[(1033x14) x13].
IPO Allotment Date:
The
allotment date is expected on 16th of December 2021 of lucky investors. And the
shares will credit to the Demat account on 20th December.
Initiation of Refund:
The
refund will be initiated in your account on the 17th of December 2021 for the
unsuccessful investors.
IPO Listing Date:
The
shares of MapmyIndia will list on both NSE and BSE and likely
the listing date is 21st December 2021.
MapmyIndia IPO Invest or Not:
According
to the market’s experts, this is a good business in digital maps and location
intelligence technologies and services space. The company is a leading provider
of advanced digital maps, geospatial software, and location-based lot
technologies and has strong client orders like PhonePe, Flipkart, Yulu, HDFCBank. Airtel, Hyundai, MG Motor, Avis, Safexpress, and goods and service tax
network.
The company has been improving its financial performance with the strengthening of the balance sheet. It’s also a debt-free company. So, the investors can bid on this IPO for listing gain and term also.
Shriram Properties IPO :
The company is the leading residential real estate development company of the Shriram Group in south India. Mr. Rakesh Jhunjhunwala s wife Rekha Jhunjhunwala is the third-largest shareholder in this company.
Company Profile:
The company was incorporated in 2000 and started its operation in Bengaluru and among the top five real estate companies in south India in terms of several units launched between 2012 and the third quarter of 2021. The focus of the company is on the mid-market and affordable housing segments. The company also provides the mid-market premium and luxury housing, commercial, and office space categorist.
The company also has operations in Coimbatore, Visakhapatnam, and Kolkata. The key markets of the company are Bengaluru and Chennai. As of September, the company has completed the 29 projects with ₹ 16.76 million square feet of saleable area, where Bangalore and Chennai accounted for 90.6% of the saleable area.
Financials:
The company posted a ₹ 60 crore loss on revenue ₹118.2 crores in six-month the end of September 2021. The company reported a ₹ 68.2 crore loss against a loss of ₹ 86.4 crore loss in the year 2020. Revenue from operations dropped to ₹ 431.5 crores from ₹ 571.96 crores during the same period.
Key Risk:
Dependency on the performance of the real estate market is also not good for the company.
Continuing pandemic effect of covid-19 and is Omicron virus spread in India, it’s also affected the business of the company.
Dependency on independent contractors for executing the projects.
Delay in ongoing projects, projects under development, and/ or forthcoming projects.
The property tax rate is high.
Outstanding legal proceedings involving the company, subsidiaries, directors, group companies, and promoters.
Capital-intensive business depends on the availability of real estate financing in India.
Dependence of a few projects for a significant part of the revenue.
Strength of the Company:
Shriram group is funded by marquee global and domestic financial investors across several of its business.It is one of the leading residential real estate development companies in south India with a focus on mid-market and affordable housing.
Good track record in project identification and detailed execution in south India.
Strategic relations with domestic and international financial investors, A big strength of the company.
IPO Details of Shriram Properties:
Shriram Properties will launch its maiden IPO on 8th December. It is the part of the Shriram group, which has listed companies like Shriram Transport Finance and Shriram city union Finance. The company has reserved 75% of the issue size for qualified institutional buyers,15% for no-institutional investors, and the remaining 10% for retail investors.
IPO Opening & Closing Date:
The IPO will open today (8th of December) and it remain open for bidding till the 10th of December.
IPO Price Band:
Shriram properties have fixed the price band of the public issue at ₹113 to ₹118 per equity share.
IPO Face Value:
The company has fixed the face value of the share to be ₹10 per equity share.
IPO Size:
Shriram properties aims to raise 600 crores from this IPO and its aims to raise the 250 crores from fresh issue rest 350 crores reserved via offer for sale.
Market Lot Size and Limits:
The investors will be able to apply in lots and 125 shares in one lot. The investors can bid for a maximum of 13 lots of Sriram properties IPO.
The investors can apply for a minimum of one lot and a maximum of 13 lots. You can bid a minimum of INR 14,750 (₹118x₹125) whereas the maximum investment allowed in the IPO is INR 1,91,750 [(₹118x₹125) x13].
Shriram Properties IPO Allotment:
The allotment date of the IPO is 15th of December 2021 and the initiation of refund is likely on 16th of December 2021 of unsuccessful investors. The credit of the shares of Sriram Properties in the Demat account of the lucky investors is expected on the 17th of December.
IPO Listing:
The Sriram Properties IPO will be listed on BSE and NSE. And the IPO listing date is 20th December 2021.
How to check the share allotment online:
The company will finalize the basis of allotment by the 15th of December. The investors can check their allotment status either on the BSE website or the website of the IPO registrar.
The allotment can be checked on the BSE Website.
Select equity share and issue name.
Enter the application number and PAN number.
Finally, check the box (I’m not a robot) and click on search.
Shriram Properties IPO Invest or Not:
Shriram Properties is posting losses for the last two years and its revenue reduced significantly since 2019. This loss may be extending further this year looking at the omicron virus scenario. The company is from the reputed Shriram group, but it’s not enough to apply to this IPO. As per market experts' advice, the investors, who want to big listing gain could avoid this IPO to bidding. The investors may apply for long-term holding, based on owning their risk appetite.