MapmyIndia, the country’s oldest digital mapmaker, has made its public debut after years of quietly building a space for itself in the market.
Its Rs 1,040-crore initial public offering (IPO) had already been oversubscribed by 154.71 times at the end of December 13 after it opened for subscription on December 9.
On Tuesday, MapmyIndia, run by C.E. Info Systems, listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange of India) at Rs 1,581 per share and Rs 1,565 per share respectively.
C.E. Info Systems opened 53 percent higher than the issue price of Rs 1,033 per share on the BSE. Similarly, on the NSE, it opened 51.5 percent higher than its issue price.
At the listing ceremony at BSE, Rashmi Verma, Co-founder and Chief Technology Officer of C.E. Infosystems, called the event an “important milestone for our strategic vision, combined with a good execution process.”
MapmyIndia, she said, has a great future ahead based on three factors: the rise of new data sources, machine learning and artificial intelligence, and the evolution of user requirements like smart city, connected mobility, and real-time applications.
YourStory takes a look at its inception and growth over the years. Read more.
In this exclusive conversation with YourStory, Deepali Naair, Director Marketing – India and South Asia-IBM, says, to excel as a marketer, it is critical to learn the ‘AAA’ formula of success, which stands for – Agility, Authenticity, and Adaptability to change.
Editor’s Pick: Future of women in India’s informal sector still unsure
The COVID-19 pandemic not only reminded the world of existing gender and economic disparity, but also exacerbated it. In India, women in the informal sector are still recovering from unemployment and loss of livelihood. Read more.
With water resources becoming scant by the day and climate change making the future uncertain, the water sector is the one area where innovation is the urgent need of the hour.
Founded in 2019, Uravu Labs creates water from air using only renewable energy sources like solar, waste-heat, or biomass to produce 100 percent renewable water. Read more.
News & Updates
Before you go, stay inspired with…
Rajeev Chandrasekhar, Electronics and IT minister
Entrepreneurship is the fuel for economic growth, prosperity and opportunity in India.