Latest News | CE Info Systems Shares Jump 35 Pc in Debut Trade
Get latest articles and stories on Latest News at LatestLY. Shares of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, on Tuesday listed with a premium of 53 per cent against its issue price of Rs 1,033 and finally settled with a gain of 35 per cent.
New Delhi, Dec 21 (PTI) Shares of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, on Tuesday listed with a premium of 53 per cent against its issue price of Rs 1,033 and finally settled with a gain of 35 per cent.
The stock made its debut at Rs 1,581, a huge gain of 53.04 per cent from the issue price on BSE. During the day, it zoomed 53.61 per cent to Rs 1,586.85. It settled at Rs 1,394.55, a jump of 35 per cent.
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On NSE, it listed at Rs 1,565, a premium of 51.50 per cent. It settled at Rs 1,375, a gain of 33.10 per cent.
The company commanded a market valuation of Rs 7,425 crore on BSE.
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The initial public offer of CE Info Systems Ltd garnered strong investor response and was subscribed a whopping 154.71 times on the last day of subscription last week.
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.
The company provides advanced digital maps, geospatial software and location-based IoT technologies and among others, it powers Apple maps.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)