MapMyIndia IPO to open on December 09

Indian Digital map provider MapMyIndia has decided to open its IPO ( Initial Public Offering) on December 09. The bidding for anchor investors will open on December 08 and the IPO will be concluded on December 13. 

The price band is valued at Rs 1,000 to 1,033 for a 1,040 crore public issue. The IPO is offering the sale of around 10,063,945 equity shares by existing shareholders.

MapMyIndia is a Delhi-based startup that provides an advanced digital map of locations based on IoT Technologies. The customer list of MyMapIndia includes companies like PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, and Goods and Services Tax Networks. It has shown better performance than other Indian startups like Zomato and Paytm.