MapMyIndia IPO subscribed 2.02 times on its First Day of issue

MapMyIndia launched its IPO on December 09 with the price band of Rs 1,000 to 1,033 per share. The issue will be held till December 13 and the shares will list on exchanges on December 21. 

The first day of MapMyIndia received a positive response and it was fully subscribed. By the end of the day, it was subscribed 2.02 times. It received more than 1.42 crore bids for 70.45 lakh shares on offer. There are still 2 days left for the IPO and seeing its performance on the first day, the next two days can also show better results in favour of the company.