Pre Listing comment on C.E. Info Systems By Mr. Aayush Agrawal, Swastika Investmart Ltd
Below is the Pre Listing comment on C.E. Info Systems By Mr. Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd
MapmyIndia is one of a kind company in SaaS, PaaS, and MaaS businesses which has tremendous potential to perform well in the future because it has a moat in B2B business despite the presence of big-name google map and some recent developments like the change in regulations and new tie-ups with government organizations may boost the sentiments further. It was expected that this can give more than 100% return on a listing day however expectations have tapered down amid sharp correction in the market where the grey market premium is indicating a listing gain of around 70-75%.
Above views are of the author and not of the website kindly read disclaimer
