The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
Analysts said the allotment made to anchor investors by these two companies was relatively low which helped prevent any intensive selling pressure
With the last two-day rally, the stock now trades at a whopping 72 per cent premium over its issue price of Rs 1,033 per share.
Capitalises on its early-mover advantage with a suite of offers
Rakesh, 71, and Rashmi, 65, started their company in the mid-1990s, when businesses had little interest in buying mapping data
Snapdeal files DRHP to raise Rs 1,250 crore through fresh issue; C E Info Systems sees bumper debut at 53% premium; CMS Info Systems IPO off to a slow start on day one
The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains
MapmyIndia, which powers Apple Inc's maps in the country, surged 54% in its market debut on Tuesday following a bumper initial public offering subscription last week
The stock has opened at Rs 1,581, up 53% compared to its issue price.
MapmyIndia app provides road safety alerts to users about upcoming accident hazards while driving
The company had priced its IPO between Rs 1,000-1,033 each
The company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm Zenrin
The qualified institutional buyers' portion was subscribed 4.32 times.
The initial share sale of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, elicited 6.16 times subscription and all categories were oversubscribed on the second day
The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively
The price band for the issue is Rs 1,000-1,033 per share
MapmyIndia IPO subscribed 2x on opening day
MapmyIndia IPO sails through on day 1; RateGain ends up with 16 times subscription