Prospectus for Justdial investors mentions the risk factors, financial statements, offer structure and procedure, IPO Grading Report etc. Find Justdial prospectus. According to its DRHP filed last August, Just Dial plans to spend as much as Rs crore towards brand building through advertising. Leading local search engine, Just Dial Limited has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India.
Foul language Slanderous Inciting hatred against a certain community Others. However, the buyback will be subject to a maximum of 1, shares per allottee. Log in Keep me signed in. Reliance to buy majority dkal in renewable energy services firm Kanoda. The Rs crore IPO, the biggest issue so far this year, received bids for over 2. The company has fixed the issue price band at Rs and will give Rs 47 10 per cent to the floor price discount to retail investors.
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Local search engine Just Dial IPO fully subscribed – The Economic Times
This fundraising by Just Dial would delay what was set to be the largest public issue by an Indian company in drhhp consumer Internet business. Sensex finishes year above 36, posts third straight annual gain.
Info Edge India Ltd, which owns websites like Naukri.
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Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures | VCCircle
Choose your reason below and click on the Report button. This will alert xial moderators to take action Name Reason for reporting: The initial public offer of local search engine Just Dial was over-subscribed by 1.
Just Dial will provide ‘safety net’ for retail investors. Citigroup and Morgan Stanley are the book-running lead managers to the issue.
Just Dial files DRHP to launch IPO
The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company. With the proposed IPO now expected to have only the secondary sale of shares by existing investors, it remains to be seen whether it would be bigger than that of MakeMyTrip.
Buy Just Dial, target Rs But now, the company would be hoping to push it further with the new valuation hook. The company was planning to use the proceeds from the fresh issue in the Xrhp to expand ujst. This will alert our moderators to take action. Leave Your Comment s. Your Reason has been Reported to the admin.
It also plans to add new products besides investing in brand building. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them. Infibeam calls off pact to acquire Snapdeal unit Unicommerce. Get instant notifications from Economic Times Allow Not now. Retail individual investors category received 70 per cent subscription. Founded by V S S Mani, the company, which started offering local search services in under the Justdial brand, has already raised Rs crore by issuing shares to anchor investors including Goldman Sachs and HSBC.
Under this, if the market value of the scrip falls below the issue price at any time during the scheme period, promoters will buyback shares at the sale price from original allottees. When we were back, our existing investors Sequoia and SAP wanted srhp put in fresh money rather than diluting their stakes. It invests in early-stage startups, as well as growth capital deals almost akin to a mid-market private equity investor.
IntraSoft Technologies, another smaller firm in the digital domain that owns greetings. Fortis again pushes back date to complete RHT Health deal; auditor resigns. According to sources, the company has struck the latest deal at a pre-money valuation of Rs 3, crore and post money valuation of around Rs 3, crore as was proposed in the upcoming IPO more on that here. The qualified institutional buyers Ddial category has been subscribed 89 per cent, while non-institutional investors portion saw one per cent subscription, as per last evening’s data on the NSE.
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