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.

The stock made its debut at Rs 1,581, a huge gain of 53.04 per cent from the issue price on BSE. It further zoomed 53.61 per cent to Rs 1,586.85.

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On NSE, it listed at Rs 1,565, a premium of 51.50 per cent.

The company commanded a market valuation of Rs 6,925.85 crore in early trade on the 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)