Local search engine Just Dial is entering into primary market with an Initial Public Offering (IPO) of — Equity Shares of Rs 10 each. The company has filed draft red herring prospectus (DRHP) papers with market regulator Securities and Exchange Board of India (SEBI) for the same. The company is likely to raise around Rs 360 Crore through the issue. The premium of the issue will be decided through a 100% Book Building Process. Investors such as SAIF Partners, Tiger Global, and Sequoia Capital, which hold about 55% of the company, may also sell a part of their holdings during the IPO, according to the draft prospectus. About 10.6 million shares will be sold by existing owners, said the document, without mentioning the specifics.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
IPO Summary :-
IPO Open : Likely to hit the market toward the end of this year.
IPO Type : 100% Book Built Issue IPO
IPO Size : —- Equity Shares of Rs 10 each
IPO Size : Rs 360.00 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs – – Rs – Per Equity Share
Minimum Bid Quantity : Shares (Rs. with 1 Lot) @ upper level of price band
Maximum Bid Quantity : Shares (Rs. with Lots ) @ upper level of price band
Listing At : BSE, NSE
The Book running lead manager (BRLM) to the issue are Citigroup Global Markets India and Morgan Stanley India.
Registrar of the Issue : Bigshare Services Private Limited , Mumbai.
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