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Just Dial's Rs 950 cr IPO opens today

By Religare
Just Dial's Rs 950 cr IPO opens today
Just Dial: Quotes, News
BSE 682.80BSE Quote6.75 (0.99%)
NSE 682.60NSE Quote6.4 (0.94%)
The Rs 950 crore IPO of Indian telephonic search giant, Just Dial will roll today with an issue price range of Rs 470 - 543.

The discount to retail investors is Rs. 47 or 10 per cent to the floor price. Also, the IPO would see promoters offloading 17.49 million shares. This would make up for 25.2 per cent of the company's paid up equity capital.

Just Dial's IPO is set to be one of the biggest by the Indian internet company. Earlier last year, Last year, Bharti Infratel raised Rs 4,118 crore in 2012's biggest IPO. Click to know more.

Just Dial has already raised Rs 208 crore by issuing shares to anchor investors including Goldman Sachs and HSBC.

Citigroup and Morgan Stanley are the book-running lead managers to the issue. The company plans to list its shares on the BSE, NSE and MCX-SX.

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