JustDial, the online and telephone business listings service, has re-filed (.pdf) its draft red herring prospectus (DRHP) for an initial public offer (IPO) with the Security Exchange and Board of India (SEBI), reports Business Standard.JustDial plans to sell 95.54 lakh shares diluting 13.53% stake in the IPO. The company will be selling shares of its existing investors SAIF Partners (4,032,059 shares), Tiger Global Four JD Holdings (2,511,649 shares), Tiger Global Five Indian Holdings (1,557,252 shares), Sequoia Capital (1,041,426 shares) and SAP Ventures (64,779), therefore, the company will not make any money from the IPO but this will give its investors a chance to exit. The issued share capital of the company is Rs. 9.55 crore. The Indian units of Citigroup and Morgan Stanley are the book running lead managers to the offer. Last year JustDial had filed its draft red herring prospectus with SEBI for an initial public offering (IPO) to raise Rs 360 crore, however, it shelved its plan due to a sharp fall in the markets. In June 2012, JustDial raised Rs 327 crore from its existing private equity investors, Sequoia Capital and SAP Ventures. Sequoia Capital led the funding round with a Rs 305 crore investment. Founded in 1996 with initial investment of Rs. 50,000, Just Dial has so far raised Rs 580 crore from Sequoia Capital, SAP Ventures, SAIF Partners, EGCS, and Tiger Global. These PE firms together now hold close to 60% stake in the company. The company is said to be valued at Rs. 2,600 crore. For the financial year 2011-12, Just Dial reported Rs 260 crore…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...