News > MapmyIndia debuts below expectation but IPO investors still make a sweet 53% return on listing

MapmyIndia debuts below expectation but IPO investors still make a sweet 53% return on listing

CE Info Systems — the parent company of MapmyIndia and the most awaited listing made a strong debut on the National Stock Exchange (NSE) and BSE despite weak market trends. The stock listed at ₹1,581, which is 53% more than the issue price band of ₹1,000-1,033 apiece.

Investors have been expecting huge listing gains due to high grey market premium, positive recommendations by analysts as MapmyIndia is a pioneer in digital maps.