MapMyIndia gets GST demand of about 7.31 crore over IPO expense ITC

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MAPMYINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹1651.30

prior close

₹1660.00

announcement price

After-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+3.1% vs market

Software Products peers, median of 36sector+0.5%+3.5% vs sector

On the reaction day the stock moved 3.1 pts more than Nifty Smallcap 250 and 3.5 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+4.0+1.4+2.6+1.7+2.4

+3.4+1.4+1.9+0.4+3.0

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UpDownMarket · Nifty Smallcap 250Sector · Software Products peers, median of 36Pending

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AI summary

MapMyIndia (C.E. Info Systems) received a GST demand order of about 7.31 crore from the Central GST Department regarding Input Tax Credit claimed on IPO-related expenses from FY 2021-22. Additional penalty of about 73 lakh and a smaller general penalty of 50,000 have also been imposed. The company says it has strong legal grounds to contest and will appeal. No immediate impact on financials or operations is expected.

Likely market impact

Company plans to appeal; no immediate financial impact. Tax matter hinges on legal interpretation of ITC on IPO costs.