<p>The initial public offer of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, garnered a strong investor response and was subscribed a whopping 154.71 times on the last day of subscription on Monday.</p>.<p>Popularly known through its brand MapmyIndia, the company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm Zenrin.</p>.<p>The IPO received bids for over 108.98 crore shares against over 70.44 lakh shares on offer, as per an update on the NSE.</p>.<p>The non-institutional investors category was subscribed 424.69 times, while the Qualified Institutional Buyers (QIBs) portion received 196.36 times subscription and Retail Individual Investors (RIIs) 15.20 times.</p>.<p>The initial public offer (IPO) of up to 1,00,63,945 equity shares had a price range of Rs 1,000-1,033 per share.</p>.<p>The company mopped up Rs 312 crore from anchor investors on Wednesday.</p>.<p>The company provides advanced digital maps, geospatial software and location-based IoT technologies and among others, it powers Apple maps.</p>.<p>Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Ltd and DAM Capital Advisors Ltd were the managers to the offer.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>The initial public offer of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, garnered a strong investor response and was subscribed a whopping 154.71 times on the last day of subscription on Monday.</p>.<p>Popularly known through its brand MapmyIndia, the company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm Zenrin.</p>.<p>The IPO received bids for over 108.98 crore shares against over 70.44 lakh shares on offer, as per an update on the NSE.</p>.<p>The non-institutional investors category was subscribed 424.69 times, while the Qualified Institutional Buyers (QIBs) portion received 196.36 times subscription and Retail Individual Investors (RIIs) 15.20 times.</p>.<p>The initial public offer (IPO) of up to 1,00,63,945 equity shares had a price range of Rs 1,000-1,033 per share.</p>.<p>The company mopped up Rs 312 crore from anchor investors on Wednesday.</p>.<p>The company provides advanced digital maps, geospatial software and location-based IoT technologies and among others, it powers Apple maps.</p>.<p>Axis Capital Limited, JM Financial Limited, Kotak Mahindra Capital Company Ltd and DAM Capital Advisors Ltd were the managers to the offer.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>