The board of directors of Just Dial on Friday, 17 May 2013, finalized allocation of 39.36 lakh equity shares to a total of 15 anchor investors at Rs 530 per share. Among the anchor investors, Eastspring Investments-India Equity fund will be allotted 4 lakh shares, HSBC Bank (Mauritius) will be allotted 4 lakh shares, Baytree Investments (Mauritius) PTE will be allotted 4 lakh shares, IVY Pacific Opportunities Fund will be allotted 4 lakh shares, Deutsche Securities Mauritius will be allotted 3.62 lakh shares and FID Funds (Mauritius) will be allotted 3.05 lakh shares.
The IPO of Just Dial opens for subscription on Monday, 20 May 2013. The issue closes on 22 May 2013. The company's existing shareholders are offering 1.74 crore crore equity shares of face value of Rs 10 each through an offer for sale (OFS) in the price band of Rs 470 to Rs 543 per share. The offer will constitute 25.02% of the fully diluted post-offer paid-up equity share capital of the company. A discount of 10% to the floor price is being offered to retail individual bidders.
Just Dial is one of the leading local search engines in India. It provides users of "Just Dial" search service with information and user reviews from its database of local businesses, products and services across 11 major cities in India. Its search service is available to users through multiple platforms: Internet, mobile Internet, telephone (voice) and text (SMS).
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