C.E. Info Systems Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹1,033
Per ShareLot Size
14 Shares
Minimum Investment
₹14,462
Issue Size
₹1,006.39 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
C.E. Info Systems Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
61.16%
Promoter Holding (Post-Issue)
53.18%
Issue Type
Book Building
ISIN
INE0BV301023
About the Company
C.E. Info Systems Limited is a data and technology products and platforms company, offering proprietary digital maps as a service, software as a service and platform as a service. As per the F&S Report (commissioned and paid for by the Company exclusively for the purpose of the Offer), it is India's leading provider of advanced digital maps, geospatial software and location-based IoT technologies. It provides products, platforms, APIs and solutions across a range of digital map data, software and IoT under the MapmyIndia and Mappls brands to marquee and renowned global tech giants, new-age consumer IT companies, leading automotive manufacturers, large businesses across industry segments including BFSI, telecom, FMCG, logistics and key government organisations.
Industry Overview
As per the F&S Report (commissioned and paid for by the Company exclusively for the purpose of the Offer), the digital maps and location intelligence services market consists of (i) digital maps services market, and (ii) navigation solutions and telematics market, delivered in a B2B and a B2B2C setting. The total Indian addressable market of digital maps and location-based intelligence services is expected to grow to USD 7.74 billion (Rs. 474.9 billion) in 2025 at around 15.5% CAGR from 2019 to 2025. The total global addressable market is expected to reach around USD 173.61 billion (Rs. 12.9 trillion) by 2025 growing at a CAGR (2019-2025) of 13%.
Company History
C.E. Info Systems Limited was originally incorporated as `C.E. Info Systems Private Limited' at New Delhi as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated February 17, 1995 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (the "RoC"). The Company was converted from a private limited company to a public limited company pursuant to a special resolution passed by its Shareholders at the EGM held on July 7, 2021 and the name of the Company was changed to `C.E. Info Systems Limited'. Consequently, a fresh certificate of incorporation dated July 12, 2021 was issued by the RoC.
Products & Services
- Digital Maps and Geospatial Data Products
- Map, Location and Navigation Platforms
- GIS, Geospatial Analytics and Geo-AI Products and Platforms
- Location-based IoT, Fleet and Workforce Automation Products and Platforms
- Developer APIs and SDKs
- Consumer location-based apps and gadgets
- N-CASE Automotive and Mobility Tech Solutions Suite
- Location-powered Consumer Tech and Enterprise Digital Transformation:
Growth Strategy
- Augment its products, platforms and its technology lead
- Continue to scale and expand our customer reach leveraging market presence in India
- Drive expansion in international markets and geospatial sector
- Pursue selective strategic acquisitions and investments to grow its business
- Attract, develop and retain skilled employees to sustain the product quality and customer experience
Customer Base
The Company primarily services enterprise customers across three major categories, i.e. (i) corporate, (ii) automotive, and (iii) government.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 10,063,945* equity shares of face value of Rs. 2 each ("Equity Shares") of C.E. Info Systems Limited ('Company" or "Issuer") for cash at a price of Rs. 1,033 per equity share through an offer for sale of 10,063,945* equity shares aggregating to Rs. 1039.61* crores by the selling shareholders ("Offer"), comprising 4,251,044* equity shares aggregating to Rs. 439.13* crores by Rashmi Verma (The "Individual Selling Shareholder"), 2,701,407* equity shares aggregating to Rs. 279.05* crores by Qualcomm Asia Pacific Pte. Ltd.,1,369,961* equity shares aggregating to Rs. 141.52* crores by Zenrin Co., Ltd. (collectively the "Investor Selling Shareholders"), 1,741,533* equity shares aggregating to Rs. 179.90* crores by persons referred to in annexure a (collectively the "Other Selling Shareholders" and together with the individual selling shareholder and the investor selling shareholders, the "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer constitutes 18.90% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is 516.50 times. *Subect to finalization of the basis of allotment Bids cand be made for minimum of 14 equity shares and multiples of 14 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- B2B and B2B2C market leader in India with a comprehensive suite of SaaS, PaaS and MaaS offerings capitalizing on early mover advantage;
- Independent, global geospatial products and platforms company, with strong data governance;
- Market position built around proprietary technology and network effect resulting in strong entry barriers;
- Marquee customers across sectors with strong relationships and capability to up-sell and cross-sell;
- Its offerings have ever expanding use cases and it innovates to address technology paradigm shifts;
- The company is dependent on trends in the sectors where its enterprise customers operate.
- A part of its business is dependent on the performance of the automotive sector, including in its key market, India. Any adverse changes in the conditions affecting the sector can adversely impact its business, results of operations and financial condition.
- The company inability to maintain or update its map database or errors in its map database could harm its reputation or adversely affect its ability to sell the company products and services.
- The company is dependent on the success of its research and development ("R&D") and the failure to develop competitive new or improved products and services or process improvements or updated map data could adversely affect its business, financial condition and results of operations and have a negative impact on its competitive position.
- Any inability to protect its intellectual property ("IP") or any third-party claims in relation to infringement of intellectual property rights or in the future could adversely affect its business, reputation, financial condition, results of operations and cash flows.