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MapmyIndia IPO subscribed 200% on first day of initial offer

Shortpedia

Content Team
Image Credit: Shortpdia

The initial public offer of C.E. Info Systems Ltd, the parent of digital mapping company MapmyIndia, got subscribed more than two times on the first day of the offering on Thursday. The company, popularly known through its brand MapmyIndia, is backed by global wireless technologies company Qualcomm and Japanese digital mapping Zenrin.