MapMyIndia Allotment Status: The allotment of CE Info Systems Limited, the parent company of digital mapping company MapmyIndia, can be final today.
MapMyIndia Allotment Status: The allotment of CE Info Systems Ltd, the parent company of digital mapping company MapmyIndia, can be final today. Before the allotment was announced, MapmyIndia shares are trading at almost double the price i.e. Rs 1040 premium in the gray market against the IPO price of Rs 1033. Due to this, there is a possibility of strong listing of shares. The listing of shares can happen on December 21. The allotment status of shares can be checked by visiting the website of Registrar Link Intime India and BSE.
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How to check allotment status through Link Intime India
- Investors can check the IPO status section of the Link Intime India website at https://linkintime.co.in/MIPO/Ipoallotment.html after the allotment is finalised.
- After reaching this page, select the IPO whose allotment status is to be checked.
- Here you have to choose MapmyIndia.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
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Check allotment like this on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select IPO from the drop down menu.
- Here you have to choose MapmyIndia.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
Shares can be listed at double the price of the issue premium
According to Manan Doshi, co-founder of UnlistedArena.com, MapmyIndia shares may have a strong opening on the domestic equity benchmark index. According to Doshi, its shares may get listed at a premium of 90 per cent and may also get listed at twice its issue price. Its IPO got an overwhelming response from investors and got 154.71 times subscriptions. The maximum share reserved for Non-Institutional Investors (NIIs) was subscribed and it was subscribed 424.69 times. The share reserved for retail investors was subscribed 15.20 times and that for qualified institutional investors (QIBs) was subscribed 196.36 times.
(Article: Harshita Tyagi)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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