C.E. Info Systems IPO
C.E. Info Systems Limited (MAPMYINDIA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 21 December 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +50.5% (likely range +27% to +125%), day's high +56.0%, chance of a gain 92%. Actual: +51.5% at the open, +53.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,12,789 | 39,52,30,178 | 196x | |
| NII (HNI) total | 15,09,592 | 64,11,15,538 | 425x | |
| Retail | 35,22,381 | 5,35,49,734 | 15.2x | |
| Total | 70,44,762 | 1,08,98,95,450 | 155x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to C.E. Info Systems's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Amber Enterprises IndiaJan 2018 | 175x | 519x | 11.7x | 165x | ₹603 Cr | +36.8% | +47.7% |
| MAS Financial ServicesOct 2017 | 148x | 379x | 16.0x | 128x | ₹464 Cr | +43.8% | +48.5% |
| Indigo PaintsJan 2021 | 190x | 263x | 15.9x | 117x | ₹1,170 Cr | +75.0% | +110.0% |
| Dixon Technologies (India)Sep 2017 | 135x | 346x | 10.6x | 118x | ₹600 Cr | +54.3% | +71.2% |
| Central Depository Services (India)Jun 2017 | 149x | 563x | 23.8x | 170x | ₹524 Cr | +67.8% | +81.2% |
| Indian Railway Catering and Tourism CorporationOct 2019 | 109x | 355x | 14.9x | 112x | ₹1,125 Cr | +95.6% | +132.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
Offer documents (NSE)
Frequently asked
What is the C.E. Info Systems IPO price band and lot size? ₹1,000–1,033 per share, with a lot of 14 shares, so the smallest retail bid is ₹14,462.
How many times has it been subscribed? 155x overall: QIB 196x, NII 425x, retail 15.2x.
How did it list? It opened at ₹1,565, +51.5% against the issue price of ₹1,033, and closed its first day +34.9%.
