MapmyIndia: What GMP suggests on last day of subscription

On the final day of subscription, the grey market premium of MapMyIndia IPO suggests a strong listing for the company on the stock exchanges. Here is all you need to know.

The initial public offering (IPO) of MapMyIndia witnessed strong interest from shareholders from day 1 and was headed for a strong closing on Monday. On the last day of bidding, too, the company witnessed strong demand from investors.

As of 1 pm on the final day, MapMyIndia IPO was subscribed nearly 27 times, with strong response in all categories. The strong response to the public issue indicates that the shares of the company will make a bumper debut on the primary markets.