Post listing view on MapMyIndia By Mr. Santosh Meena, Swastika Investmart Ltd
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Below is the Post listing view on MapMyIndia by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
Financially, the company is doing well and its business model is sustainable. In spite of the fact that the IPO was purely OFS based, it attracted investors and got subscribed 154 times. The new edge technologies, such as SaaS, PaaS, and MaaS platform providers, are poised to have a bright future.
The IPO got listed at Rs 1565 per share, which is a 51.50% premium over the issue price of Rs 1033. Investors who applied for the IPO's listing gain should put a stop loss of 1480 and long-term investors who got allotments should continue to hold the stock. New investors can also look for buying in the dips.
Above views are of the author and not of the website kindly read disclaimer
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