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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Your Reason has been Reported to the admin. Hust invests in early-stage startups, as well dila growth capital deals almost akin to a mid-market private equity investor. Just Dial will provide ‘safety net’ for retail investors. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them. When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes.
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The Rs crore IPO, the biggest issue so far this year, received bids for over 2. To see your saved stories, click on link hightlighted in bold.
However, the buyback will be subject to a maximum of 1, shares dehp allottee. Reliance to buy majority stake in renewable energy services firm Kanoda. 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.
Fortis again pushes back date to complete RHT Eial deal; auditor resigns. This will alert our moderators to take action. Will be displayed Will not be displayed Will be displayed. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Founded by V S Juwt Mani, the company, which started offering local search vrhp in under the Justdial brand, has already raised Rs crore by issuing shares to anchor investors including Goldman Sachs and HSBC.
The company was planning to use the proceeds from the fresh issue in the IPO to expand organically. Technicals Technical Chart Visualize Screener.
Citigroup and Morgan Stanley are the book-running lead managers to the issue. Never miss a great news story!
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Just Dial files DRHP to launch IPO –
Read more on BSE. Sell Just Dial, target Rs Get instant notifications from Economic Times Allow Not now.
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. Sensex finishes year above 36, posts third straight annual gain. Choose your reason below and juzt on the Report button. Drag according to your convenience.
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. Fill in your details: It also plans to add new products besides investing in brand building.
Local search engine Just Dial IPO fully subscribed
Foul language Slanderous Inciting hatred against a certain community Others. 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, crore as was proposed in the upcoming IPO more on that here. 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. This will alert our moderators to take action Name Reason for reporting: The initial public offer of local search engine Just Dial was over-subscribed by 1.
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.
Retail individual investors category received 70 per cent subscription. Buy Just Dial, target Rs Info Edge India Ltd, which owns websites like Naukri.
Sequoia Capital, SAP Ventures invest Rs crore in Just Dial – Livemint
My Saved Articles Sign in Sign up. Infibeam calls off pact to acquire Snapdeal unit Unicommerce. 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.
IntraSoft Technologies, another smaller firm in the digital domain that owns greetings.