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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Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures | VCCircle
NIFTY 50 10, 2. According to sources, the company has struck the latest deal at a pre-money valuation of Crhp 3, crore and post money valuation of around Rs 3, crore as was proposed in the upcoming IPO more on that here.
The Rs crore IPO, the biggest issue so far this year, received bids for over 2. The initial public offer of local search engine Just Dial was over-subscribed by 1.
Info Edge India Ltd, which owns websites like Naukri. The qualified institutional buyers QIBs category 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. Get instant notifications from Economic Times Allow Not now.
Just Dial files DRHP to launch IPO
Fill in your details: This will alert our moderators to take action. The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company.
But now, the company would be hoping to push it further with the new valuation hook. Log in Keep me signed in. To see your saved stories, click on link hightlighted in bold. Sell Just Dial, target Rs Find jusf comment offensive? IntraSoft Technologies, another smaller firm drgp the digital domain that owns greetings. Just Dial will provide ‘safety net’ for retail investors.
The company has fixed the issue price band at Rs and will give Rs 47 10 per cent to the floor price discount to retail investors.
Fortis again pushes back date to complete RHT Health deal; auditor resigns. Buy Just Dial, target Rs It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them.
Your Reason has been Reported to the admin. The company was planning to use the proceeds from the fresh issue in the IPO to expand organically. 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.
When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes. However, the buyback will be subject to a maximum of 1, shares per allottee.
Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Citigroup and Morgan Stanley are the book-running lead managers to the issue. It also plans to add new products besides investing in brand building. With the drbp 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.
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Choose your reason below and click on the Report button. Founded by V S S Mani, the company, jyst started offering local search services in under the Justdial brand, has already raised Rs crore by issuing shares to anchor investors including Goldman Sachs and HSBC.
Kust Saved Articles Sign in Sign up. 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.
Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures
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Retail individual investors category received 70 per cent subscription.