The public issue of equity shares of C.E. Info Systems Limited will open for subscription on December 09, 2021 and closes on December 13, 2021. It is expected to list on the stock exchanges on December 21, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 1995, the Company is a data and technology products and platforms company, offering proprietary digital Maps as a Service (“MaaS”), Software as a Service (“SaaS”) and Platform as a Service (“PaaS”). It is India’s leading provider of advanced digital maps, geospatial software and location-based IoT technologies. It provides products, platforms, Application Programming Interfaces and solutions across a range of digital map data, software and IoT for the Indian market under the MapmyIndia brand, and for the international market under the Mappls brand.
The Company has over 500 customers on its SaaS, PaaS and MaaS platforms. It includes marquee and renowned global tech giants, new-age consumer internet technology companies, leading automotive manufacturers, large businesses across industry segments such as BFSI, telecom, FMCG, industrials, logistics and transportation, and key government organisations. Key customers include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (“GSTN”).
The Company has also started to build and release digital maps for countries outside India, such as Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar, UAE and Egypt.
Who are the Promoters of the Company?
Rakesh Kumar Verma And Rashmi Verma
Who are its key competitors?
There are no listed peers in India.
Why is the Company going public?
Given below are the objectives of the Company –
Achieve benefits of listing the Equity Shares
Enhancement of Company’s visibility and brand image
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
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