MapmyIndia Limited IPO – Review
Update
“MapmyIndia sign MOU with Uttar Pradesh Police”
MAPMYINDIA (C.E. Info Systems Ltd) – India’s leading advanced digital maps and deep-tech company today in its BSE filing has said that, Uttar Pradesh Police (Government of Uttar Pradesh) and MapmyIndia have entered into an memorandum of understanding (MOU) that will ease traffic and improve safety in the state of Uttar Pradesh (UP).
Technology from “MapmyIndia Mappls” will be integrated with the government systems and processes on one side, and provided to consumers, commuters and citizens for free through the “swadeshi Mappls maps” & “navigation app” on the other side.
CEO & Executive Director Speech –
Rohan Verma said, “I thank the senior leadership of Uttar Pradesh (UP) Police for this wonderful initiative to benefit the 23+ Cr population of UP, and reposing their confidence in MapmyIndia. Mappls is a fully indigenous platform and app, which focuses on delivering the unique and critical needs of all Indians with advanced maps MAPP LS and deep-tech.
We are happy to be able to help commuters in UP travel hassle-free and safely, by giving them real-time traffic and safety alerts, in conjunction with UP Police. Ensuring better traffic and road safety is a collective responsibility of the government, industry and citizens.
We hope all commuters will use the Mappls app, and benefit from its features which enable better and safer navigation. Additionally, the Mappls app allows users to post feedback and alerts traffic, safety, and other community issues on the map, to help other users and also inform the government of hyper-local issues, so that those issues at those locations can validated, communicated to relevant stakeholders, and be resolved.
We hope citizens use the app, so that collectively the state of Uttar Pradesh, and our wonderful country India, continuously becomes better”
The Mappls App by MapmyIndia will be available free to the citizens. The app will assimilate all traffic advisories, notifications, safety alerts for public use, enable public to share/provide feedback on any traffic/safety related issues, facilitate seamless and smooth operability to designated officers of UP Police, who will closely update these notifications on the Mappls app on a day-to-today and continuous basis, so that commuters benefit.
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09 December 2021
MapmyIndia Limited – India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies – is planning to raise INR 1040 Cr via IPO (0 Cr Fresh Issue + 1040 Cr OFS)
MapmyIndia Limited: Profile
Established as a digital mapping in India in the year 1995, MapmyIndia Limited is the market leader in this very particular industry. The company building a solid business by capitalizing on –
(1) An early mover advantage,
(2) Developing proprietary and integrated technologies,
(3) Full stack product offerings,
(4) Continuous innovation, and
(5) A strong sustainable business model
MapmyIndia Limited is a data and technology products and platforms company, offering proprietary digital as –
- Maps as a Service (MaaS),
- Software as a Service (SaaS), and
- Platform as a Service (PaaS)
The Company provide products, platforms, APIs (application programming interfaces), and solutions across a range of digital map data, software, and Internet of Thing (IOT) for the Indian market under the MapmyIndia business brand, and for the overseas market under the Mappls business brand.
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MapmyIndia Limited: Offerings
Digital Maps and Geospatial Data Products
Map, Location and Navigation Platforms
Geospatial Analytics, GIS, and Geo-AI Products and Platforms
Location-based IoT, Fleet and Workforce Automation Platforms and Products
Developer APIs and SDKs
Consumer Location-based App, Websites and Gadgets
N-CASE Automotive and Mobility Tech Solutions Suite
Location-powered Consumer Tech and Enterprise Digital Transformation
Company Promoters:
RakesKumar Verma
Rashmi Verma
IPO Opening / Closing Date
IPO Details – Price, Minimum Bid and Other
CONCLUSION
Considering company’s financial parameters, valuation, and future business prospect FinBlab recommends Subscribe ratings on MapmyIndia Limited IPO
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