so rich everyone talking about the fact that it hasnt been a great environment necessarily for ipos in india is now the right time for matt miller india yeah absolutely i mean see weve been a highly profitable fast growing technology sas company in this space which is expanding broadly of digital maps geospatial software and location based adt revenue order bookings have run two point three times in the last three fiscal years our profitability margins on contribution at 80 to 85 percent it does 25 to 46 percent and that just 31 28 percent with cash generating and i think thats what the market is liking and were very hopeful that as the show opens today just like that anchor book which has very very strong market investors like fidelity bermuda hsbc goldman sachs morgan stanley aberdeen et cetera you know we hope that the public will also appreciate the uniqueness that we bring as a market leader in this space well looking at the market for geospatial data and services in india its estimated to be worth 14 billion dollars by 2030 how much growth do you see how much do you expect to capture that and i guess versus what kind of competition you could see in the space absolutely i mean thats whats exciting in fact what happened at the beginning of this year is the government of india announced its geospatial guidelines a policy which actually liberalized the sector they themselves have quoted the number about 14 billion dollars as you as you said by 2030 and they have restricted foreign entities from doing down data validation from doing street field 360 degree survey and even doing high definition not accurate mapping in movie and tv so its a great moment for the sector its also a very great moment for indigenous entities like ourselves which have created this comprehensive digital map beta product as well as sas technologies around location and api to follow the biggest steps of our biggest businesses around how much money youre going to raise overall and tell me what are you going to use it for what is the business plan i had what are you how are you going to expand or go into different perhaps different business silos whats the deal yeah i absolutely see we are gas generating cash flow from operations have grown in just the last five twenty one of i know it vonnie quinn million and we are sitting on cash and reserves of about another 4000 60 million as i said we are highly profitable so this is a pure awful for sale about 140 million dollars but the idea is going forward that we would like to expand both our business as in india but also internationally we have integrated maps for with 200 other countries including across asia into our software platform so that we can offer mobile solutions to automotive williams at our next generation mobility app developers around apac and to businesses across sectors for geospatial data analytics d workforce after mission and monitoring and fleet management and logistics optimization so theres huge headroom for growth in our sector we are very very excited about the market and were very hopeful that this entry into the public market will increase our profile and customers not just in india but across asia and the world will appreciate and fought for innovations that we have done you didnt answer how much money going to raise the ise a pure offer for sale you shot about 240 million dollars so its all secondary the shareholders such as qualcomm as well as android which is japans largest a leading mapping company along with one of the promoters that is putting their shares into the market about eighteen point nine percent of the company will be in the hands of public investors rohan we wanted to ask as well about apple thats one of your customers it has warned of slowing iphone sales how worried are you about that and i guess broadly as well how do you expect a plan to expand your customer base looking at the likes of apple as a customer yeah i mean to be honest in india apple is just on a this day marley broke record sales including through ecommerce or apple of apples owned business in india is growing dramatically our customers are across sectors so companies like mgm motors or hyundai or companies like avis so whether its tech companies or banks or insurance companies telecom retail consumer age fintech companies keep almost we have gusts and whether the four wheeler or two wheeler or the electric vehicles by defectors and even the drone sector saw the opportunity useful matt miller being a hose on the product platform where they use cases all across industry and use cases are expanding including lets say the metaverse that has had rebuilt three dimensional and four dimension high definition maps where metaverse and automated driving as also put ideas that are upcoming in the in the west and the advanced east and india is also catching up so we are future ready and were just looking at some of your big customers the likes of mcdonalds flipkart we mentioned apple amazon what happens if one of these customers leaves what kind of a revenue hit would you take we have details on enterprise customers since inception 500 on up that the last year and this is a long field that let customers sign up for their vehicle that forms on apps to embedded api into place use it for use various use cases we have a long tail with customers join us and then keep going with us over time so its continuously diversifying the top 80 percent revenue contribution came from 18 customers in their fleet 19 to 25 customers and flight 21 and like i said this long tail of large customers who start off small but as they grow as consumer app usage of dead apps we get paid if we get transaction so we will grow as customers more and more customers are adding to our rally and we thank you so much for your time