Multipie on Multipie

#MapMyIndia IPO opened today for subscription. We are applying to the same for listing gains. While the IPO is not very cheap at ~100x P/E FY21 (60-65x FY22E), one can look at long-term investment given the opening up of Geospatial industry, significant growth potential and the competitive advantages of MMI amongst domestic players.

Summary details are shared in images below.