Just Dial IPO oversubscribed 11.63 times - Indian IPO Blog

Wednesday, May 22, 2013

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).

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