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today, 20th may 2013, JUST DAIL IPO open for subscription, its having price band between rs. 470-543 range. IPO total value is Rs. 950 crore.
just dial is mumbai base company. which provides search engine services over web and phone. currently 61% traffic come from internet and 39% traffic come by voice. company is planning to target mobile internet users in near future and it may surly boost there business. In india 930 million people are using mobile and its montly increasing by 8.35 million users. and about the internet users india is having almost 95 million users who using internet on mobile at present and by march 2015 its expected grow till 165 million users.
above statistic clearly indicate that JUST DAIL having strong future plans in coming future, as they coming with IPO now and having good future plans as they planning to target big mobile internet users market. so it will really boost there business in coming time.
The issue will close on May 22, 2013
The company has raised over Rs 208 crore through issue of 39.37 lakh equity shares to anchor investors including Goldman Sachs and HSBC.
Other anchor investors are Goldman Sachs India Fund, HSBC Bank (Mauritius) Ltd, Birla Sunlife Trustee Company Pvt Ltd, DSP Blackrock Opportunities Fund and Deutsche Securities Mauritius Ltd.
Retail investors will get a discount of 10 percent on the issue price. The offer constitutes 25 percent of the fully-diluted post offer paid up equity capital of the company.
Citi and Morgan Stanley are the book running lead managers to the issue.
Unlike previous public offers, Just Dial will adopt a scheme “safety net” for retail investors proposed by the capital market regulator Sebi in 2012. A safety net is a scheme where the company promoters assure that they will buy back shares from the retail applicants at the IPO price, if its stock falls sharply during the first six months after listing.
“We should have an innovative approach wherein we give in the confidence to retail investors and protect them for 180 days. This means that if the stock trades below the IPO price, they can have their money back within 180 days,” Mani told CNBC-TV18 in an interview.
so above things clear us that all retail investor can surly go for this IPO as company assure us about loss below listing price will be given by them for 1st 6 months. and even they are having attractive future plans so we expect that if you subscribe for this IPO then 6month you can surly hold this stock without any risk. and if price move 200-400 rs. up above issue price then will be good price to book profits…
