Pre Listing comment on C.E. Info Systems By Mr. Aayush Agrawal, Swastika Investmart Ltd
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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%.
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