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.
Foul language Slanderous Inciting hatred against a certain community Others. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. Fill in your details: The Rs crore IPO, the biggest issue so far this year, received bids for over 2. Reliance to buy majority stake in renewable energy services firm Kanoda.
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. Founded by V S Jyst Mani, the company, which started offering local search services in under the Justdial brand, has already raised Drh; crore by issuing shares to anchor investors including Goldman Sachs and HSBC.
Djal 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. The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company.
Local search engine Just Dial IPO fully subscribed – The Economic Times
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.
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. Find this comment offensive? Technicals Technical Chart Visualize Screener.
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Read more on BSE. The company was planning to use the proceeds from the fresh issue in the IPO to expand organically. NIFTY 50 10, 2.
Sequoia Capital, SAP Ventures invest Rs crore in Just Dial – Livemint
The initial public offer of local search engine Just Dial was over-subscribed by 1. Never miss a great news story!
Leave Your Comment s. Just Dial will provide ‘safety net’ for retail investors.
dghp However, the buyback will be subject to a maximum of 1, shares per allottee. Get instant notifications from Economic Times Allow Not now. To see your saved stories, click on link hightlighted in bold. Will be displayed Will not be displayed Will be displayed. This will alert our moderators to take action.
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. Info Edge India Ltd, which owns websites like Naukri. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them.
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It also plans to add new products besides investing in brand building. Choose your reason below and click on the Report button.
But now, the company would be hoping to push it further with the new valuation hook. Sensex finishes year above 36, posts third straight annual gain. Infibeam calls off pact to acquire Snapdeal unit Unicommerce.
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