 "mapmyindia")
The initial public offer of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, garnered strong investor response and was subscribed a whopping 154.71 times on the last day of subscription on Monday.
Popularly known through its brand MapmyIndia, the company is backed by global wireless technologies company Qualcomm and Japanese digital mapping firm Zenrin.
The IPO received bids for over 108.98 crore shares against over 70.44 lakh shares on offer, as per an update on the NSE.
The non-institutional investors category was subscribed 424.69 times, while Qualified Institutional Buyers (QIBs) portion received 196.36 times subscription and Retail Individual Investors (RIIs)
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