InvestorQ : How was the listing day performance of MapmyIndia which listed on the stock markets on 21st December?
Sam Eswaran made post

How was the listing day performance of MapmyIndia which listed on the stock markets on 21st December?

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Moii Chavate answered.
5 months ago
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C.E. Info Systems, better known by its brand name MapmyIndia, has a robust listing on 21st December. It listed at a premium of 51.5%, and though the stock lost some of its early gains, it still closed in the green. The stock was priced at the upper end of the price band at Rs.1,033 largely due to the 154.71 times subscription that the company got in the IPO. While the market supported the IPO on 21-Dec, the company did put up a good show.

On 21st Dec, MapmyIndia listed on the NSE at Rs.1,565, which is a listing premium of 51.5% over the issue price of Rs.1,033. Even on the BSE, the stock listed at a premium of 53% over the issue price. However, the closing on the NSE was lower than the listing price in the morning. It closed at a price of Rs.1,375, representing a first day closing premium of 33.11% on the issue price of Rs.1,033. That is lower that listing price, but a premium nevertheless.

During the listing day, the stock of MapmyIndia scaled a high of Rs.1,590 on the NSE and a low of Rs.1,282. Volumes were extremely strong on the day of listing. For example, the stock traded 133.97 lakh shares on NSE worth Rs.1,892 crore, making it the top share on NSE in terms of trading volumes. Volumes on BSE were also robust. On BSE, MapmyIndia traded 11.41 lakh shares worth Rs.161 crore; again the top stock in trading value terms for the day.

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