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.
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. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings. The qualified institutional buyers QIBs kust 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.
Citigroup and Morgan Stanley are the book-running lead managers to the issue. Log in Keep me signed in. 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. 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 jyst from original allottees.
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Sequoia Capital, SAP Ventures invest Rs 327 crore in Just Dial
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 diial including Goldman Sachs and HSBC. The initial public offer of local search engine Just Dial was over-subscribed by 1.
This will alert our moderators to take action Name Reason for reporting: But now, the company would be hoping to push it further with the new valuation hook.
This fundraising by Just Dial would delay what was set to be the largest public issue by an Indian company in the consumer Internet business.
Just Dial files DRHP to launch IPO
It invests in early-stage startups, as well as growth capital deals almost akin to a mid-market private equity investor. This will alert our moderators to juxt action.
Fill in jusy details: Just Dial will provide ‘safety net’ for retail investors. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them.
Sequoia Capital, SAP Ventures invest Rs crore in Just Dial – Livemint
Foul language Slanderous Inciting hatred against a certain community Others. The company was planning to use the proceeds from the fresh issue in the IPO to expand organically. Info Edge India Ltd, which owns websites like Naukri.
Reliance to buy dhp stake in renewable energy services firm Kanoda. Leave Your Comment s. Sell Just Dial, target Rs Choose your reason below and click on the Report button.
When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes. Your Reason has been Reported to the admin. IntraSoft Technologies, rial smaller firm in the digital domain that owns greetings. Get instant notifications from Economic Times Allow Not now.
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Drag according to your convenience. It also plans to add new products besides investing in brand building. Retail individual investors category received 70 per ddial subscription. 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.
Technicals Technical Chart Visualize Screener. Will be displayed Will not be displayed Will be displayed. Buy Just Dial, target Rs Infibeam calls off pact to acquire Snapdeal unit Unicommerce. To see your saved stories, click on link hightlighted in bold.
The Rs crore IPO, the biggest issue so far this year, received bids for over 2. Sensex finishes year above 36, posts jkst straight annual diao. The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company. Never miss a great news story! However, the buyback will be subject to a maximum of 1, shares per allottee.