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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The initial public offer of local search engine Just Dial was over-subscribed by 1. Drag according to your convenience. To see your saved stories, click on link hightlighted in bold. When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes. 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.
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Just Dial files DRHP to launch IPO –
But now, the company would be hoping to push it further with the new valuation hook. This fundraising by Just Dial would delay what was set to be the largest public issue by an Indian company in the consumer Vrhp business.
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 idal. The company was planning to use the proceeds from the fresh issue in the IPO to expand organically. Fill in your details: Log in Keep me signed in. Fortis again pushes back date to complete RHT Health deal; auditor resigns.
It also plans to add new products cial investing in brand building.
Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures
Never miss a great news story! Founded by V S S Mani, the company, which 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.
Read more on BSE. The Rs crore IPO, the biggest issue so far this year, received bids for over 2. Info Edge India Ltd, which owns websites like Naukri. IntraSoft Technologies, another smaller firm in the digital domain that owns greetings.
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This will alert our moderators to take action Name Reason for reporting: Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. 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.
However, the buyback will be subject to a maximum of 1, shares per allottee. Will be displayed Will not be displayed Will be displayed.
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My Saved Articles Sign in Sign jusf. This will alert our moderators to take action. Citigroup and Morgan Stanley are the book-running lead managers to the issue. 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.
Local search engine Just Dial IPO fully subscribed
The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company. Infibeam calls off pact to acquire Snapdeal unit Unicommerce. Sell Just Dial, target Rs Rrhp Just Dial, target Rs It invests in early-stage startups, as well as growth capital deals almost akin to a mid-market private equity investor.
Retail individual investors category received 70 per cent subscription. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them.
Foul language Slanderous Inciting hatred against a certain community Others. Sensex finishes year above 36, posts third straight annual gain. 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. Just Dial will provide ‘safety net’ for retail investors.
Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures | VCCircle
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