MapmyIndia IPO Subscribed 6.16 Times On Day 2
MapmyIndia's Rs 1,039.6-crore initial public offering witnessed healthy investor interest as it ended day two with 6.16 times subscription.
The IPO received 2.02 times more demand than the shares on offer on first day. The retail portion was fully subscribed within an hour of opening.
The digital map provider is selling shares at Rs 1,000-1,033 apiece, seeking a market value of Rs 5,500 crore at the upper end.
The IPO is a pure offer for sale by promoters private equity and other selling shareholders. The maiden offer constitutes 18.9% of the post-issue equity of the company, with promoters holding 53.7% after the share sale. The IPO will close on Dec. 13.
Research Reports On MaymyIndia IPO:
Subscription Details: Day 2
The IPO was subscribed 6.16 times as of 5 p.m. on Dec. 10.
Institutional investors: 4.32 times.
Non-institutional investors: 6.27 times.
Retail investors: 7.17 times.