Just Dial IPO gets good response; subscribed 70% on Day 2

Just Dial's IPO has been subscribed 70 percent so far, as per data available on the National Stock Exchange website. The price band for the issue, which will close on May 22, is at Rs 470-543 a share.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » IPO » IPO - Issues Open

May 22, 2013, 10.24 AM | Source: Moneycontrol.com

Just Dial IPO gets good response; subscribed 70% on Day 2

Just Dial's IPO has been subscribed 70 percent so far, as per data available on the National Stock Exchange website. The price band for the issue, which will close on May 22, is at Rs 470-543 a share.

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

Just Dial IPO gets good response; subscribed 70% on Day 2

Just Dial's IPO has been subscribed 70 percent so far, as per data available on the National Stock Exchange website. The price band for the issue, which will close on May 22, is at Rs 470-543 a share.

Post Your Comments

Share Cancel

Moneycontrol Bureau

The Rs 950-crore initial public offer (IPO) of Just Dial has received a good response on the second day of its subscription Tuesday, helped by qualified institutional buyers (QIBs).

The issue has been subscribed 70 percent so far, as per data available on National Stock Exchange (NSE) website.

The reserved portion of QIBs was subscribed 89 percent while that of retail investors was 70 percent susbscribed of the total shares offered by the company.

The issue received bids for 94.40 lakh equity shares as against issue size of 1.35 crore shares. The price band for the issue, which will close on May 22, is at 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.

Also Read: Valuation a key argument: Udayan on Just Dial IPO

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 gets good response; subscribed 70% on Day 2

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