IPO - Initial Public Offers - Just Dial Ltd IPO - May 22, 2013 - Allotment Date & Allocation in IPO's & MF's - Issue Price: Rs. 470 - Rs. 543 Per Equity Share IPO Subscription / Bid Details (As on 20-May-2013 17:00:00 IST) ...
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Just Dial Ltd IPO - May 22, 2013 - Allotment Date & Allocation

  1. Just Dial Ltd IPO - May 22, 2013 - Allotment Date & Allocation

    Issue Price: Rs. 470 - Rs. 543 Per Equity Share


    IPO Subscription / Bid Details (As on 20-May-2013 17:00:00 IST)
    Total Issue Size1,35,60,533
    Total Bids Received15,77,54,125
    Total Bids Received at Cut-off Price55,62,475
    No. of times issue is subscribed11.63


    Check IPO Allotment Status: http://mis.karvycomputershare.com/ipo/

    Issue Detail:
    »» Issue Open: May 20, 2013 - May 22, 2013
    »» Issue Type: 100% Book Built Issue IPO
    »» Issue Size: 9,554,307 Equity Shares of Rs. 10
    »» Issue Size: Rs. 449.05 - 518.80 Crore
    »» Face Value: Rs. 10 Per Equity Share
    »» Market Lot:
    »» Minimum Order Quantity:
    »» Listing At: BSE, NSE

    Just Dial IPO Discount for Retail Investors
    Just Dial has offered a discount of 10% to the floor price to the retail individual investors.

    Just Dial IPO offers Safety Net to Retail Investors
    Just dial IPO offers safety net mechanism which will be available to all retail individual investors applying in Just Dial IPO for up to Rs. 50,000. The safety net would trigger in case the price of the share fall over 20% from the issue price.
    Incorporated in 1996, Justdial Limited (Just Dial) is popular local search service provider in India. Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS).

    Just dial is a 24/7 Free Search service on a single national number 08888888888 that receives over 130 Million Calls every year. It provides reliable information about local businesses, products and services to the users in over 2000 cities in India. They have more than 300 million customers using JustDial Services.

    Selling advertisement and qualified leads is the main source of earning for Justdial. They have more than 145,000 paid advertisers. Companies promote their brand across the Just Dial network and reach millions people who are actively looking for information about the products and services. There are 4 ways available to promote brand or advertise on JustDial including Listing on Web, Listing on Phone Search, Listing on Mobile Search and Placing Video Ads.

    Company Promoters:
    Promoters of the Company are:
    1. V.S.S. Mani, aged 46 years, is the Managing Director and Chief Executive Officer of the Company.
    2. Anita Mani, aged 43 years, is a former Director of the Company.
    3. Ramani Iyer, aged 43 years, is a Non-Independent, Executive Director of the Company.
    4. V. Krishnan, aged 42 years, is a Non-Independent, Executive Director of the Company.

    Objects of the Issue:
    The objects of the Offer are to
    1. achieve the benefits of listing the Equity Shares on the Stock Exchanges and
    2. carry out the sale of 9,554,307 Equity Shares by the Selling Shareholders.




  2. Again a novice question. I see face value of each share is Rs. 10/- and issue price is much much higher (Rs. 470/- to Rs. 543/- per share). Why would someone buy this paying a huge premium? I am sure I am missing something here.







  3. Quote Originally Posted by zerotrader View Post
    Again a novice question. I see face value of each share is Rs. 10/- and issue price is much much higher (Rs. 470/- to Rs. 543/- per share). Why would someone buy this paying a huge premium? I am sure I am missing something here.
    The max face value of any company is 10 Rupees ... I don't think you should look at share price as a metric for calculating premium ...

    I would look at profits the company is making, debt they have, brand value, P/E, future growth prospects as metric to look at while comparing or talk about premium

    You can find loss making companies with face value at 10 and Share price at 2 Rs ... You will also find strong companies with face value at 10 and share price at 5000 Rupees ...

    Hope that clarifies ur doubt ...

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