Prospectus for Justdial investors mentions the risk factors, financial statements, offer structure and procedure, IPO Grading Report etc. Find Justdial prospectus. According to its DRHP filed last August, Just Dial plans to spend as much as Rs crore towards brand building through advertising. Leading local search engine, Just Dial Limited has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India.
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With the proposed IPO now expected to have only the secondary sale of shares by existing investors, it remains to be seen whether it would be bigger than that of MakeMyTrip.
The Rs crore IPO, the biggest issue so far this year, received bids for over 2. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Just Dial files DRHP to launch IPO –
Founded by V S S Mani, the company, which started offering local search services in under the Justdial dia, has already raised Rs crore by issuing shares to anchor investors including Goldman Sachs and HSBC. Will be displayed Will not dkal displayed Will be displayed. Never miss a great news story!
The initial public offer of local search engine Just Dial was over-subscribed by 1. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them. The company has fixed diwl issue price band at Rs and will give Rs 47 10 per cent to the floor price discount to retail investors. Foul language Slanderous Inciting hatred against a certain community Others. Sensex finishes year above 36, posts third straight annual gain. Choose your reason below and click on the Report button.
Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures | VCCircle
Info Edge India Ltd, which owns websites like Naukri. But now, the company would be hoping to push it further with the new valuation hook. Read more on BSE. Infibeam calls off pact to acquire Snapdeal unit Unicommerce. To see your saved stories, click on link hightlighted in bold.
The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company.
Retail individual investors category received 70 per cent subscription. Under this, if the market value of the scrip falls below the issue price at any time during the scheme period, promoters will buyback shares at the sale price from original allottees.
Sell Just Dial, target Rs Fortis again pushes back date to complete RHT Health deal; auditor resigns. However, the buyback will be subject to a maximum of 1, shares per allottee. Get instant notifications from Economic Times Allow Not jut.
Sequoia Capital, SAP Ventures invest Rs 327 crore in Just Dial
My Saved Articles Sign in Sign up. Fill in your details: This will alert our moderators to take action. Buy Just Dial, target Rs Citigroup and Morgan Stanley are the book-running lead managers to the issue. IntraSoft Technologies, another smaller firm in the digital domain that owns greetings. Leave Your Comment s. Reliance to buy majority stake in renewable energy services firm Kanoda.
The qualified institutional buyers QIBs diial has been subscribed 89 per cent, while non-institutional investors portion saw one per cent subscription, as per last evening’s data on the NSE. This fundraising by Just Dial would delay what was set to be the largest public issue by an Indian company in the consumer Internet business. When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes.
Just Dial will provide ‘safety net’ for retail investors.
dia, It also plans to add new products besides investing in brand building. Log in Keep me signed in. It invests in early-stage startups, as well as growth capital deals almost akin to a mid-market private equity investor. Your Reason has been Reported to the admin.
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Local search engine Just Dial IPO fully subscribed
Technicals Technical Chart Visualize Screener. According to sources, the company has struck the latest deal at a pre-money valuation of Rs 3, crore and post money valuation of around Rs 3, jjust as was proposed in the upcoming IPO more on that here. NIFTY 50 10, 2. This will alert our moderators to take action Name Reason for reporting: The company was planning to use the proceeds xrhp the fresh issue in the IPO to expand organically.