Just Dial to raise up to Rs 950 cr, IPO to open on 22 May

The Mumbai-based local search firm, which is backed by Sequoia Capital and Tiger Globe, will sell 17.5 million shares priced between Rs 470 rupees and Rs 543 each, it said in a statement.

hidden December 20, 2014 20:01:55 IST
Just Dial to raise up to Rs 950 cr, IPO to open on 22 May
Just Dial to raise up to Rs 950 cr IPO to open on 22 May

The issue will close on May 22.

Just Dial said on Monday it will raise up to Rs 950 crore hrough an initial public offer, which is scheduled to be launched on May 20.

The Mumbai-based local search firm, which is backed by Sequoia Capital and Tiger Globe, will sell 17.5 million shares priced between Rs 470 rupees and Rs 543 each, it said in a statement.

The issue will close on May 22.

The offer constitutes 25 percent of the fully-diluted post-offer paid-up equity capital of the company and retail investors would get a 10 percent discount on the issued price, the company said.

Reuters

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

 Just Dial to be listed on bourses on Wednesday
Investing

Just Dial to be listed on bourses on Wednesday

<br /><br /> The Just Dial IPO drew a strong response from Foreign Institutional Investors and high net-worth individuals.

Just Dial makes smart market debut, stocks close up 14%
Investing

Just Dial makes smart market debut, stocks close up 14%

After surging 19.22% to Rs 631.90 in intra-day trade, the scrip finally ended at Rs 605, up 14.15% from its previous close on the NSE.

Just Dial IPO fully subscribed but retail investors lag
Investing

Just Dial IPO fully subscribed but retail investors lag

Retail individual investors category received 70 percent subscription.