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
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