About the Company:
C.E Info Systems Ltd (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”).
MapmyIndia is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies.
Company had pioneered digital mapping in India in 1995, company 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.
Company provides products, platforms, application programming interfaces (“APIs”) and solutions across a range of digital map data, software and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.
Marquee investors:
company has marquee investors such as PhonePe, which is a leading Indian payments and technology company, Qualcomm, which is a leading global wireless technologies company, and Zenrin, which is a leading Japanese digital mapping and location technologies company, actively involved in driving our growth.
Company’s pioneering initiatives include:
- Built India’s digital maps in 1995
- Launched India’s internet mapping portal and internet mapping technologies in 2004
- Launched pan-India GPS navigation system in 2007
- Launched IoT (GPS-based telematics) platform in 2011
- Launched map and location API Platform for developers in 2015
- Building transportation, logistics and workforce automation platforms since 2016
- Building AI-powered 4D HD Digital Map Twin of the Real World since 2017
- Launched nation-wide unique digital address and location, eLoc, in 2017
- Launched geospatial analytics and GIS platform in 2019.
- Launched N-CASE mobility suite for Digital Vehicle Transformation in 2019.
Company’s Customers:
As of September 30, 2021, company had serviced over 2,000 enterprise customers since inception.
During Financial Year 2021, company had over 500 customers on SaaS, PaaS and MaaS platforms.
Company’s 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 organisations.
Company’s customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (“GSTN”).
Automotive and Mobility Tech (“A&M”):
Company service automotive OEMs (vehicle manufacturers) of four-wheelers, two-wheelers, commercial vehicles, electric vehicles as well as organisations involved in people and goods transportation, mobility and logistics.
Company offers them with suite of digital maps and SaaS, PaaS, APIs, IoT and solutions in the areas of N-CASE mobility (Navigation, Connected vehicle, Autonomous safety and advanced driver assistance systems, Shared mobility and Electric mobility), telematics, fleet management and logistics optimisation, which they can embed into their new vehicles and integrate with their existing fleets of vehicles.
Company’s offerings help B2B2C and B2B customers to increase the value and benefits of their vehicles to their owners, drivers, and passengers, and help them in moving people and goods in a faster, safer and cheaper manner.
Some of the automotive OEM customers include Hyundai and MG Motor among many other market leading manufacturers. Some of our mobility customers include Avis and Safexpress among many other leading goods and people transportation and logistics companies.
Customer Segment wise revenue:
Company’s Digital Maps:
Company’s digital maps cover 6.29 million kilometres of roads in India, representing 98.50% of India’s road network which was 6.39 million kilometres.
Company’s digital map data provides location, navigation and other information for 7,933 towns, 6,37,472 villages, 17.79 million places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations etc., and 14.51 million house or building addresses.
Company’s ‘RealView’ maps provide actual roadside and on-ground views based on over 400 million geo-referenced photos, videos and 360-degree panoramas across India.
Map and Data:
Digital Maps and Geospatial Data Products: Company use proprietary, end-to-end technology-driven, and AI-assisted mapping systems and processes to acquire and process digital geospatial data as well as to produce and disseminate digital map data.
Company provide foundational and comprehensive digital maps across India.These are capable of providing accurate details about the physical world, including roads and buildings, for autonomous safety vehicle platforms and smart city planning and simulations.
Company has also started to build and release digital maps for countries outside India, such as Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar, UAE and Egypt.
International Presence:
Company plans to expand the international operations through US subsidiary, CE International and Silicon Valley office in California, USA.
In Japan, company operates through a business reseller agreement with Zenrin. The international office is primarily a reseller of company’s products, solutions and services.
Management Team:
- Mr. Rakesh Kumar Verma (Designation: Chairman and Managing Director)
- Mr. Rohan Verma (Designation: Whole-time Director and CEO)
Objectives of the Issue:
Offer for Sale: (Rs. 1039 cr )
- The proceeds from the Offer for Sale shall be received by the Selling Shareholders.Company shall not receive any proceeds from the Offer for Sale.
Peer Group Comparison:
There are no listed companies in India that engage in a business similar to that of C.E Info Systems Ltd. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th Sept 21 |
|---|---|---|---|---|
| Revenue | 163.3 | 163.4 | 192.2 | 122.5 |
| Net Profit | 33.5 | 23.1 | 59.4 | 46.7 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th December 2021 |
| Issue Closes on:. | 13th December 2021 |
| Issue Price | Rs.1000 – 1033 |
| Face Value | Rs.2 |
| Retail Category Allocation | 35% |
| Minimum Lot | 14 Shares |
| Minimum Investment | Rs.14,462 |
| Issue Constitutes | 18.90% |
| Issue Size | Rs.1039 cr ($ 138million) |
| Market Cap | Rs.5500 cr ($ 733 million) |
| Listing at | NSE & BSE |
| Equity Shares Offered (OFS) | 1,00,63,945 (Rs.1039 cr) |
| Equity Shares Prior to the Issue | 5,32,42,967 |
| Equity Shares after the Issue | 5,32,42,967 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 16th December 2021 |
| Initiation of Refunds | on or Before 17th December 2021 |
| Credit of Equity Shares: | on or Before 20th December 2021 |
| Listing Date: | on or Before 21st December 2021 |
Subscription Details:
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | 20,12,789 | 0.46 | 1.68 | 196.36 |
| NII | 15,09,592 | 1.03 | 6.06 | 424.69 |
| Retail | 35,22,381 | 3.24 | 7.08 | 15.17 |
| Employee | —— | — | —- | —- |
| TOTAL | 70,44,762 | 1.97 | 5.32 | 154.69 |
Note: Retail Subscription on the basis of Applications: 12.54x
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 10.99 | 93.99 | 16.60% | 68.08 |
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| Check IPO Allotment Status: |
|---|
Link InTime Website : https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| C.E Info Systems Ltd First, Second, & Third Floor, Plot. No. 237, Okhla Industrial Estate, Phase- III, New Delhi 110 020, India Telephone: +91 11 4600 9900 E-mail: cs@mapmyindia.com; Website: www.mapmyindia.com |
| IPO Registrar Info: |
|---|
| Link Intime India Private Limited C 101, 247 Park L.B.S. Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: ceinfo@linkintime.co.in Website: www.linkintime.co.in |
