A day ahead of its debut on the bourses, the scrip was commanding a premium of Rs 500 per share in the grey market, hurt by dampened sentiments on Dalal Street.
The Rs 1,039.61 crore IPO of MaymyIndia was open for subscription between December 9-13 and the company had fixed the price band in the range of Rs 1,000-1,033 per share.
The issue was subscribed a whopping 155 times, thanks to strong bidding from QIB and HNI investors whose portions were subscribed 196 times and 425 times, respectively. Retail quota fetched 15 times bids.
MapmyIndia is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies with strong clientele orders of 500 including PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, and Goods and Service Tax Network.
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