All you want to know about Just Dial IPO
Just Dial, Mumbai-based local search engine company has come out with its initial public offering (IPO). The issue will be open for subscription on May 20 and the same will close on May 22, 2013. The company has set a price band between Rs 470-543 for the IPO.
Just Dial provides search services over phone and web, will raised anywhere between Rs 822-950 crore depending on the final issue price.
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 will be the book running lead managers to the issue.CNBC-TV18 reports that the offer may have an anchor investor offer period one working day prior to offer opening date.Also Read: Onesource Techmedia IPO opens for subscription on May 17Justdial's MissionTo provide fast, free, reliable and comprehensive information to our users and connect buyers to sellers.Corporate Information- The company started offering local search services in 1996 under the Justdial brand and we believe that it is a leading player in a rapidly growing local search market in India.
- The official website www.justdial.com was launched in 2007.
- Our search service is available to users across multiple platforms, such as the internet, mobile Internet, over the telephone (voice) and text (SMS).
- The company believes that their search service bridges the gap between users and business by helping users find relevant providers of products and services quickly while helping business listed in database to market their offerings.
Justdial Facts- For the nine months period ended December 31, 2012, we addressed 267.2 million search requests from millions of users across platforms.
- Justdial has 08888888888 as their operator assisted hotline number, across India, which is accessible 24 hours a day, 7 days a week with multi-lingual support.
- Justdial Apps are available for the Android, Blackberry and iOS platforms and we have location based service for our mobile Internet users.
- Justdial has a database of approximately 9.1 million listings as of March 31, 2013.
- Justdial users have contributed 24,634,670 reviews and ratings for various listings, till date.
- Justdial had approximately 1,95,100 campaigns as of December 31, 2012. Business owners have the option to list their business on Justdial's database for free.
- With the registered & corporate office based in Mumbai, Justdial also had offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi, Hyderabad, Jaipur, Kolkata and Pune.
Key Highlights- Services offered across various cities and towns in India
- Advanced and scalable technology platform
- Experienced management team
- Large online community for reviews
- Long operating history with a proven monetization model
InvestorsSAIF Partners, Sequoia Capital, Tiger Global, EGCS and SAP Ventures have invested in the company.Source: Just Dial company's website Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
