May 2013 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, May 22, 2013

Just Dial IPO oversubscribed 11.63 times

May 22, 2013 0
Just Dial IPO oversubscribed 11.63 times
Just Dial IPO which closed for subscription today, has been oversubscribed 11.63 times on an overall basis. The initial public offer of Just Dial was the largest offer by an Indian Internet company

The issue consisted of 17,497,458 Equity Shares of Rs.10/- each offered under a Price Band of Rs.470/- to Rs.543/- per equity share. A retail discount of Rs.47/- a share being 10% of floor price would be offered to Retail Investors. Also, the IPO has a safety net mechanism in place which would be triggered 20% below issue price

Retail portion of the IPO was subscribed more than 3 times. Justdial Limited (Just Dial) is popular local search service provider in India. Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS).



Monday, May 20, 2013

Just Dial IPO opens for subscription today

May 20, 2013 0
Just Dial IPO opens for subscription today
Justdial Limited (Just Dial), the popular local search service provider in India, is coming up with an Initial Public Offering which opens for subscription today from May 20, 2013.

Just dial is a 24/7 Free Search service operating on a single national number 08888888888 that receives over 130 Million Calls every year. It provides information about local businesses, products and services to the users in over 2000 cities in India. The company has more than 300 million customers using JustDial Services. 


Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS). Just Dial's website http://www.justdial.com/ provides information on movies, restaurants, hotels, travels, etc.

The IPO which would remain open till May 22, 2013, consists of 17,497,458 Equity Shares of Rs. 10 each to be offered in a price band of Rs.470/- to Rs.543/- per share with a bid lot of 25 Equity Shares and in multiples thereof. The shares will be listed on BSE, NSE and MCX-SX

The IPO has been graded with a CRISIL IPO Grade 5/5 which indicates that the fundamentals of the company are strong in relation to other listed equity securities in India.

Just Dial has declared a Retail Discount and Safety Net Mechanism on the IPO as well. Click here to read more on Retail Discount and Safety Net Mechanism in Just Dial IPO

Sunday, May 19, 2013

Just Dial to offer Retail Discount, Safety Net

May 19, 2013 0
Just Dial to offer Retail Discount, Safety Net
Just Dial, which is coming up with an IPO from May 20, 2013, has announced that the company will offer a Retail Discount and a Safety Net mechanism for the benefit of investors

The IPO, which received a CRISIL IPO Grade 5/5 indicating strong fundamentals, will remain open for subscription till May 22, 2013 and consists of shares having Face Value of Rs.10/- each, offered in a price band of Rs.470/- to Rs.543/- per equity share. CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. (It may be however, be noted that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals)

Just Dial has offered a discount of 10% on the floor price to the retail individual investors. Just Dial has also announced that it will offer a safety net mechanism which will be available to all retail individual investors applying in IPO for amount up to Rs.50,000. The safety net would be triggered in case the price of the share fall over 20% from the issue price

Just Dial IPO Details

May 19, 2013 0
Just Dial IPO Details
Issue Size: 17,497,458 Equity Shares of Rs. 10 

Issue open from: May 20, 2013
Issue closes on: May 22, 2013
Face Value: Rs. 10 Per Equity Share
Price Band: Rs.470/- to Rs.543/- per equity share
Bid Lot: 25 Shares and in multiples thereof
Listing At: BSE, NSE, MCX-SX

Onesource Techmedia IPO Detail

May 19, 2013 0
Onesource Techmedia IPO Detail
Issue open from: May 17, 2013
Issue closes on: May 21, 2013
Issue Type: Fixed Price Issue IPO
Issue Size: 2,000,000 Equity Shares of Rs. 10
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 14 Per Equity Share

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