JustDial, the IPO-bound local information services business, reported a 50% subscription of its shares, with 6,837,225 shares of the 13.5 million shares offered to the public being subscribed to. JustDial is looking to sell 17.5 million shares priced between Rs 470-543 each, thereby raising between Rs 822 to 950 crores from its issue, but 3,936,925 shares have been subscribed to by 15 Anchor Investors at Rs 530 per equity share, for a total of around Rs 208.65 crore. JustDial has reserved 75% of its IPO for institutional investors, 15% for high net worth individuals (HNIs) and remaining 10% for retail investors. A majority of the bids at the end of day 1 came from Foreign Institutional Investors (6587275 shares), around 72% of total shares on offer for QIBs. Retail investor appetite was low, with only 14% (246,200) of shares on offer to them (1,749,745) bid for. HNIs bid for only 3750 shares of the 2,624,618 shares on offer for them. Anchor Investors Subscription Details Previous IPO Filing It is worth noting that in its August 2012 filing of DRHP, the company had mentioned plans to only sell 9.55 million (9,554,307) shares of face value Rs 10 each, in return for 13.53% stake in the company and not 17.5 million shares. The 9.5 million shares included 4.03 million shares (4,032,059 shares) held by SAIF Partners, 2.51 million shares (2,511,649 shares) held by Tiger Global Four JD Holdings, 1.55 million shares (1,557,252 shares) held by Tiger Global Five Indian Holdings, 1.04 million shares (1,041,426 shares) held by Sequoia Capital, 347,142 shares held by EGCS…
