BI India
The company intends to raise ₹1,040 crore IPO through offer for sale (OFS), giving partial exits to MapMyIndia’s cofounder Rashmi Verma, Qualcomm Asia Pacific, Zenrin and others. The company’s stakeholders are looking to sell 1,00,63,945 equity shares.
The price band for the public issue has been fixed at ₹1,000-1,033. The lot size will be of 14 equity shares and in multiples of 14 shares thereafter. Retail investors will have to shell out at least ₹14,000 to buy one lot.
MapmyIndia’s IPO was oversubscribed by two times on the first day of listing on December 9, with retail subscribers taking the biggest bite.