wordpress blog stats
Connect with us

Hi, what are you looking for?

Justdial Issue Price Fixed At Rs 530 Per Share

JustDial LogoOnline search website Justdial which recently concluded its Initial Public Offering, has fixed the issue price at Rs 530 per share, reports Business Standard.

With 17.5 million up of grabs in the issue, the company has raised a total investment of around Rs 925 crore for their existing institutional investors including SAIF Partners, Tiger Global, Sequoia Capital and SAP Ventures and its promoter and founder, VSS Mani, as indicated the report. It also notes that the promoter group holding in Justdial has reduced to 33.13% from 37.15% prior to the IPO.

Justdial’s IPO closed its subscription on May 22, 2013, with bids being subscribed nearly 12 times over. The categories of high net worth individuals (HNIs) category was subscribed 22 times and institutional investor quota comprising of 75% of the offering was subscribed 10 times, while retail category was subscribed 3.5 times. It is worth noting that HNIs don’t really have a safety and yet the category has been subscribed 22 times.

We had earlier reported that retail investor participation increased almost five fold after a fairly low key participation on day one of JustDial’s IPO: Total bids from retail investors increased to 1,224,725 shares at the end of day 2, up from 246,200 at the end of day 1. So around 70% of the total 1,749,745 shares that retail investors are allowed, were bid for. However, the bid concluded with retail category being subscribed  3.5 times.

 Our Justdial IPO Coverage

– JustDial IPO Fully Subscribed, 12x Bids Are In
– JustDial IPO Bids At 70% On Day 2
– JustDial IPO Bids At 50% On Day 1; Anchor Investors Invest Rs 208 Cr
– JustDial IPO: On PE, EPS, Profit, Safety Net
– JustDial Gets SEBI Approval For IPO
– JustDial Re-files For An IPO

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

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

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...

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

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ