Just Dial IPO opens for subscription today - Indian IPO Blog

Monday, May 20, 2013

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

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