Prospectus for Justdial investors mentions the risk factors, financial statements, offer structure and procedure, IPO Grading Report etc. Find Justdial prospectus. According to its DRHP filed last August, Just Dial plans to spend as much as Rs crore towards brand building through advertising. Leading local search engine, Just Dial Limited has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India.
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Log xial Keep me signed in. Just Dial will provide ‘safety net’ for retail investors. This will alert our moderators to take action. The initial public offer of local search engine Just Dial was over-subscribed by 1.
Just Dial defers much-awaited IPO; Raises $57M from Sequoia, SAP Ventures
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This fundraising by Just Dial would delay what was set to be the largest public issue by an Indian company in the consumer Internet business. Drag according to your convenience.
Choose your reason below and click on the Report button. It has plans to deepen its presence in the 11 largest cities in India and also expand beyond them.
According to sources, the company has struck the latest deal at a pre-money valuation of Rs 3, crore and post money valuation of around Rs 3, crore as was proposed in the upcoming IPO more on that here. Under this, if the market value of the scrip falls below the issue price at any time during the scheme period, promoters will buyback shares at the sale price from original allottees.
Sequoia Capital, SAP Ventures invest Rs crore in Just Dial – Livemint
However, iust buyback will be subject to a maximum of 1, shares per allottee. Infibeam calls off pact to acquire Snapdeal unit Unicommerce.
With the proposed IPO now expected to have only the secondary sale of shares by existing investors, it remains to be seen whether it would be bigger than that of MakeMyTrip. The company was planning to use the proceeds from the fresh issue in the IPO to expand organically.
Fortis again pushes back date to complete RHT Diql deal; auditor resigns. Find this comment offensive? When we were back, our existing investors Sequoia and SAP wanted to put in fresh money rather than diluting their stakes.
Info Edge India Ltd, which owns websites like Naukri. Sensex finishes year above 36, posts third straight annual gain. Technicals Technical Chart Visualize Screener.
But now, the company would be hoping to push it further with the new valuation hook. The qualified institutional buyers QIBs category has been subscribed 89 per cent, while non-institutional investors portion saw one per cent subscription, as per last evening’s data on the NSE. IntraSoft Technologies, another smaller firm in the digital domain that owns greetings. Foul language Slanderous Inciting hatred against a certain community Others.
Just Dial files DRHP to launch IPO
The company has fixed the issue price band at Rs and will give Rs 47 10 per cent to the floor price discount to retail investors. Your Reason has been Reported to the admin. Citigroup and Morgan Stanley are the book-running lead managers to the issue.
Retail individual investors category received 70 per cent subscription. Buy Just Dial, target Rs Sell Just Dial, target Rs It invests in early-stage startups, as well as growth capital deals almost akin to a mid-market private equity investor.
Never miss a great news story! The delay in the public issue means the investors would have to sit longer to partly encash their investments in the company. Reliance to buy majority stake in renewable energy services firm Kanoda. Get instant notifications from Economic Times Allow Not now.