Just Dial IPO subscribed 10 times; QIB, HNI support

In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » IPO » IPO - Issues Open

May 22, 2013, 07.51 PM | Source: Moneycontrol.com

Just Dial IPO subscribed 10 times; QIB, HNI support

In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.

Like this story, share it with millions of investors on M3

Just Dial IPO subscribed 10 times; QIB, HNI support

In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Just Dial's pubilc issue has been subscribed 10 times Wednesday, with the support majorly from qualified institutional buyers (QIBs) and high networth individuals (HNIs).

The reserved portion of QIBs subscribed 9.6 times while high networth individuals and retail investors' portion subscribed 20.5 times and 3 times, respectively.

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 price band for the issue is at Rs 470-543 a share.

The company already raised over Rs 208 crore through issue of 39.37 lakh equity shares to anchor investors including 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.

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

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Just Dial IPO subscribed 10 times; QIB, HNI support

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login