Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API Access
Loading...

Just Dial Ltd IPO (Just Dial IPO) Detail

May 20, 2013 - May 22, 2013

Incorporated in 1996, Justdial Limited (Just Dial) is popular local search service provider in India. Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS).

Just dial is a 24/7 Free Search service on a single national number 08888888888 that receives over 130 Million Calls every year. It provides reliable information about local businesses, products and services to the users in over 2000 cities in India. They have more than 300 million customers using JustDial Services.

Selling advertisement and qualified leads is the main source of earning for Justdial. They have more than 145,000 paid advertisers. Companies promote their brand across the Just Dial network and reach millions people who are actively looking for information about the products and services. There are 4 ways available to promote brand or advertise on JustDial including Listing on Web, Listing on Phone Search, Listing on Mobile Search and Placing Video Ads.

Company Promoters:

Promoters of the Company are:

1. V.S.S. Mani, aged 46 years, is the Managing Director and Chief Executive Officer of the Company.
2. Anita Mani, aged 43 years, is a former Director of the Company.
3. Ramani Iyer, aged 43 years, is a Non-Independent, Executive Director of the Company.
4. V. Krishnan, aged 42 years, is a Non-Independent, Executive Director of the Company.

Objects of the Issue:

The objects of the Offer are to

1. achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. carry out the sale of 17,497,458 Equity Shares by the Selling Shareholders.

Just Dial IPO Details

IPO Opening Date May 20, 2013
IPO Closing Date May 22, 2013
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹470 to ₹543 per equity share
Market Lot 25 Shares
Min Order Quantity 25 Shares
Listing At BSE, NSE, MCX-SX
Issue Size17,497,458 Eq Shares of ₹10
(aggregating up to ₹919.14 Cr)

Just Dial IPO Lot Size

The Just Dial IPO market lot size is 25 shares. A retail-individual investor can apply for up to 14 lots (350 shares or ₹190,050).

Application Lots Shares Amount (Cut-off)
Minimum 1 25 ₹13,575
Maximum 14 350 ₹190,050

Just Dial IPO Grading

CRISIL has assigned a IPO Grade 5/5 to the IPO of Just Dial Ltd. This grade indicates that the fundamentals of the Just Dial IPO are 'strong' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.

Click here to view the CRISIL report CRISIL Research assigns IPO grade ‘5/5’ to Just Dial Ltd

Just Dial IPO Discount for Retail Investors

Just Dial has offered a discount of 10% to the floor price to the retail individual investors.

Just Dial IPO offers Safety Net to Retail Investors

Just dial IPO offers safety net mechanism which will be available to all retail individual investors applying in Just Dial IPO for up to Rs. 50,000. The safety net would trigger in case the price of the share fall over 20% from the issue price.

Just Dial IPO Review

It appears that as promoters have to honour the "Safety Net" they too have opted for some dilution of stake to keep some buffer with them so that in the event of "Safety Net" clause application, it can pay from the buffer created and hence the issue size has more than doubles of its original plans and even higher than the CRISIL's consideration.

On the performance front, the company has posted an average EPS of Rs. 6.05 (on consolidated and fully diluted basis-with a CAGR of 40.2% in top and 135.1% in bottom-line respectively) and its NAV as on 31.12.2012 is Rs. 57.51. For the first 9 months of the fiscal 2012-13 it has clocked turnover of Rs. 271.61 crore with a net profit of Rs. 47.08 crore and as the equity capital post IPO remains the same due to offer for sale, this translates into an annualized EPS of Rs. 8.99 and thus the asking price is at a P/E of 52 to 60 and at a P/BV of 8.2 to 9.4 based on lower and upper price band. Thus issue is aggressively priced. The company has no listed peer for comparison.

The company is now facing competition from Askme, Asklaila, Getit, Sulekha etc and hence the first mover gains made in the past may see diminishing pattern going forward.

On BRLM's front, Citi Group and Morgan Stanley had mandate for 17 and 11 IPOs and out of them 4 IPOs failed to give listing gains to investors from both of them.

Remark: Apply at the lower price band at Rs. 423 per share (with upfront 10% discount to retail investors) for a lot as applicable under "safety net". (i.e. one can apply for a maximum of 100 shares or 4 lots to qualify for Safety Net)

 

Read detail review...

Just Dial IPO Subscription Status (Bidding Detail)

The Just Dial IPO is subscribed 11.63 times on May 22, 2013 5:00:00 PM. The public issue subscribed 3.53 times in the retail category, 10.12 times in the QIB category, and 22.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB10.12
NII22.34
Retail3.53
Total11.63

Just Dial IPO Prospectus

Just Dial IPO Rating

183
3.6
Rating:Rated 3.6 stars
Vote Here ...

Just Dial IPO Listing Date

Listing Date Wednesday, June 5, 2013
BSE Script Code 535648
NSE Symbol JUSTDIAL
Listing In B Group of Securities
ISIN INE599M01018
IPO Price ₹530 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹530.00
₹590.00
₹589.00
₹631.90
₹611.45
NSE
₹530.00
₹590.00
₹581.15
₹631.90
₹612.35

Company Contact Information

Just Dial Ltd
Palm Court, Building-M, 501/B,
5th Floor, Besides Goregaon Sports Complex,
New Link Road, Malad (West), Mumbai 400 064
Phone: (91 22) 2888 4060
Email: investors@justdial.com
Website: http://www.justdial.com

Just Dial IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: justdial.ipo@karvy.com
Website: https://karisma.kfintech.com/

Just Dial IPO FAQs

Just Dial IPO is a main-board IPO of 17,497,458 equity shares of the face value of ₹10 aggregating up to ₹919.14 Crores. The issue is priced at ₹470 to ₹543 per equity share. The minimum order quantity is 25 Shares.

The IPO opens on May 20, 2013, and closes on May 22, 2013.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE, MCX-SX.

The Just Dial IPO opens on May 20, 2013 and closes on May 22, 2013.

Just Dial IPO lot size is 25 Shares and the minimum order quantity is 25 Shares.

You can apply in Just Dial IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Just Dial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Just Dial IPO allotment status.

The Just Dial IPO listing date is on Wednesday, June 5, 2013.

Just Dial IPO Message Board

Ranked Members  Ranked Members

Open an Instant Account with Zerodha
Loading...

150 Comments

105. kaushik patel |   Link |Dec 7, 2013 7:19:47 PM
Any bady buy powergrid fpo application to con me-9824390735
104. vishal tatwavedi |   Link |Jun 24, 2013 12:45:17 PM
good morning
103. jetli |   Link |Jun 21, 2013 4:54:58 PM
Can someone please explain how to invest in sme platform. I searched everywhere but could not find clear details. I know that the the minimum investmentnt under this is 1Lk. But I don''t understand the actual steps. Any links will help a lot.
102. santonu |   Link |Jun 7, 2013 8:33:06 AM
Top Contributor Top Contributor (200+ Posts)
The IPO was successful and it gave good return to the investors Though there was high debate on valuation and most experts recommend to apply at floor price- all went wrong. success of this IPO can be attributed to the following reason
1.Very good discount (10%) to retail
2.Safety net mechanism which eliminates fear factor of loosing money
Expect coming IPO will follow the same
102.1. Sangeeta R |   Link |Jun 7, 2013 3:36:50 PM
absolutely ....well said ....663 being the highest for the day today .....
102.2. Vin |   Link |Jun 7, 2013 6:09:23 PM
In FIIs grip..... 700 is the next target and may easily acheived in next week.
101. Vin |   Link |Jun 5, 2013 2:30:45 PM
Hi frds. need advice, should hold or sale this initial allotment.
100. bhaji mula |   Link |Jun 5, 2013 11:40:28 AM
SOLD 25 SHARES AT 603.....GRAND LISTING JUST DIAL...
99. bhaji mula |   Link |Jun 5, 2013 10:19:44 AM
At what time, Just Dial IPO will be listed on bourses?
98. Vin |   Link |Jun 5, 2013 8:33:13 AM
only... bad luck
97. Ganesh |   Link |Jun 4, 2013 10:06:10 PM
I have applied with HDFCSEC for 400, nothing i got...:) what would be the reason.
96. SGUPTA |   Link |Jun 4, 2013 8:34:44 PM
DEAR PANKAJ BABOOLAL, IPO RAJA

PLEASE GIVE LATEST GMP OF JUSTDIAL. THANKS
95. SGUPTA |   Link |Jun 4, 2013 8:34:31 PM
DEAR PANKAJ BABOOLAL, IPO RAJA

PLEASE GIVE LATEST GMP OF JUSTDIAL. THANKS
94. vikas dubey |   Link |Jun 4, 2013 5:20:41 PM
what are the suggestions on listing friends. should we sell or hold
94.1. Sangeeta R |   Link |Jun 4, 2013 6:50:10 PM
sell 50% of your holding on listing gains and balance as short term investment of 6-9 months
93. SUSHIL JANGID |   Link |Jun 4, 2013 2:55:43 PM
I dint got any shares...shud i buy on the opening price?
93.1. Sangeeta R |   Link |Jun 4, 2013 5:09:06 PM
buy if it opens above 600
92. bhaji mula |   Link |Jun 3, 2013 7:42:39 PM
Applied for 4 lots and got 1 lot.
91. CA Avinash Patil |   Link |Jun 3, 2013 5:24:38 PM
JUST DIAL LISTING ON WEDNESDAY, 5TH JUNE AS PER KARVY! ENOJY LISTING GAINS.
PRESENT GMP PER SHARE 36/- BUYER 40/- SELLER.
GMP PER APPLICATION 700/- BUYER 800/- SELLER.
90. Manoj sampat |   Link |Jun 3, 2013 5:19:38 PM
IF YOU APPLY 400 SHARE OR 25 SHARE FIRST 25 SHARE WILL BE ALLOTED BY LOTTARY IF ANY REMAINING SHARE THEN IN PROPOSINATE
89. Hari S |   Link |Jun 3, 2013 5:05:25 PM
Hi Jems IPO, Sangeeta,

Any idea on the allotment strategy here? I applied for 400 shares and got 25. Some people applied for 25 and got 25, some applied for 400 and got nothing? I dont see a pattern here or was it by lottery?
88. SUSHIL JANGID |   Link |Jun 3, 2013 3:53:43 PM
i am not able see how much shares r alloted to me on kary website...i dont know my clientid??... pls help
88.1. Sangeeta R |   Link |Jun 3, 2013 4:00:48 PM
your pancard number ...
87. Jems IPO |   Link |Jun 3, 2013 3:32:35 PM
Dear Alam listing will be on 5th of june
87.1. Tamrej Alam |   Link |Jun 3, 2013 5:05:02 PM
Thanks Jems !!!
86. Tamrej Alam |   Link |Jun 3, 2013 3:32:15 PM
Had applied for 175 shares but got only 25 shares.