JustDial IPO price band Rs 470-543, to raise Rs 822-950 cr

Justdial IPO will hit the primary market on May 20. It has set a price band between Rs 470-543, which will remain open for subscription between May 20-22.

May 14, 2013 / 17:02 IST

live

bselive
nselive

Volume

Todays L/H

Justdial has set a price band between Rs 470-543 for its initial public offering (IPO), which will be open for subscription between May 20-22, reports CNBC-TV18. The Mumbai-based company, which 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: CRISIL assigns grade 5/5 to Just Dial IPO

first published: May 13, 2013 12:44 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347