MapmyIndia makes stellar market debut, lists with 53% premium

Capitalises on its early-mover advantage with a suite of offers

The stock of CE Info Systems (popularly known for its brand MapmyIndia) made a strong debut on the bourses on Tuesday. The stock got listed at Rs 1,581 — a gain of 53 per cent above its issue price. The stock could not hold on to its gains and ended the session at Rs 1,394.5 — a gain of 35 per cent above its issue price.

The initial public offering (IPO) of CE Info Systems was subscribed 154.7x. The institutional investor portion was subscribed 196x, the high networth individual portion 424x, and the retail investor portion 15x. The company had