MapmyIndia IPO Listing Tomorrow: Here How The Stock May Fare On Debut

After tepid listing today for Shriram Properties, MapmyIndia is set to list tomorrow amid weak market cues. While the company fundamentals have a larger role to play in IPO listing, ongoing market momentum also casts a significant impact. So, how can MapmyIndia listing be like: Here's all:

MapmyIndia IPO Listing Tomorrow: Here How The Stock May Fare On Debut

IPO of MapmyIndia received an overwhelming response and just around 5 days ago the shares of CE Info in the market for unlisted securities commanded a premium of Rs. 940 as against the IPO issue price of Rs. 1033. But now as per the portal tracking IPOs commands a premium of Rs. 630, hinting at a possible decent listing premium. This signifies around 60 percent listing gains.

"The issue will reward the investors but not double the wealth as expected earlier. One should trim their expectations in the current market," Abhay Doshi, co-founder, UnlistedArena is quoted in a leading business dailies as saying.

The company has a unique business model with strong growth prospects. This is a long-term play, considering its financials and robust client base, Doshi adds.

The issue was subscribed 155x with QIB and HNI quota getting subscribed 196x and 425x, respectively, while the retail quota was subscribed 15x.

MapmyIndia is the country's leading provider of digital maps, geospatial software and location based IOT technological solutions.