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May 20, 2013 12:03 PM IST | Source:

Just Dial IPO opens for subscription today

Mumbai-based Just Dial, which provides search services over phone and web, is looking to raise around Rs 822-950 crore from the primary market.

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  • nselive
Todays L/H

The Rs 950 crore IPO of Justdial will open for subscription today, with a price band of Rs 470-543 a share.

Mumbai-based company, which provides search services over phone and web, will raise anywhere between Rs 822-950 crore depending on the final issue price. The issue will close on May 22, 2013.

Also read: CRISIL assigns grade 5/5 to Just Dial IPO

The company has raised over Rs 208 crore through issue of 39.37 lakh equity shares to anchor investors including Goldman Sachs and HSBC.

Other anchor investors are Goldman Sachs India Fund, HSBC Bank (Mauritius) Ltd, Birla Sunlife Trustee Company Pvt Ltd, DSP Blackrock Opportunities Fund and Deutsche Securities Mauritius Ltd.

Retail investors will get a discount of 10 percent on the issue price. The offer constitutes 25 percent of the fully-diluted post offer paid up equity capital of the company.

Citi and Morgan Stanley are the book running lead managers to the issue.

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