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Wednesday, August 17, 2011

Just Dial to come up with an IPO

Just Dial, a local search engine running the web portal Justdial.com, is planning to raise capital with an Initial Public Offer (IPO), for which the company has filed Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI)

According to the company's website, JustDial is India’s no.1 local search destination. The company caters to over 120 million unique users. This local search service is accessible from across 2000 towns and cities in India on Phone, Web, WAP and SMS. JustDial in India employs 4000 strong work force and has more than 1,35,000 paid advertisers.

Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the Issue. Stay tuned to Indian IPO Blog for the latest updates on the opening dates, price band and other details of Just Dial IPO!
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