In October this year, it first increased its offer size to 9,589,478 shares, from the initial offer size of 7,547,959 shares
QIBs would be offered up to 5,031,972 shares, and retail investors will be offered up to 3,522,381 shares
CMD Rakesh Kumar Verma now holds 43.50% stake after purchasing stake from PhonePe Singapore, Qualcomm and Zenrin
The initial public offer (IPO) of C.E. Info Systems, the parent company of MapmyIndia, a digital-based mapping startup, will open on December 9 and close on December 13.
Its red herring prospectus (RHP) showed that the startup has increased its offer size to 10,063,945 shares. The IPO only constitutes an offer for sale by existing shareholders and no fresh shares would be issued.
This is the second change in the offer size. In October this year, the PhonePe-backed company had increased its offer size to 9,589,478 equity shares, from the initial offer size of 7,547,959 shares.
According to the RHP, qualified institutional investors (QIB)…
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