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Just Dial makes sterling debut on bourses; trades above offer price

Just Dial makes solid debut; trades above IPO price
Just Dial, one of the recent large IPO mop ups, got listed on the exchanges at Rs 601 - 13 per cent higher then its IPO price.

Just Dial got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and MCX-SX.

The issue price for the IPO was fixed at Rs 530/- per share, while retail investors got a discounted price of Rs 483 per share.

The company had fixed the issue price band at Rs 470-543, which got over-subscribed 11.5 times .

The issue was open for subscription between May 20 and May 22, 2013. The company is mainly engaged in providing search services over phone and Internet.

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