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Just Dial IPO is a book built issue of Rs 919.14 crores.
Just Dial IPO bidding started from May 20, 2013 and ended on May 22, 2013. The shares got listed on BSE, NSE, MCX-SX on June 5, 2013.
Just Dial IPO price band is set at ₹470 to ₹543 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹13,575.
Citigroup Global Markets India Private Limited and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the Just Dial IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Just Dial IPO DRHP for detailed information.
| IPO Date | May 20, 2013 to May 22, 2013 |
| Listing Date | June 5, 2013 |
| Face Value | ₹10 per share |
| Price Band | ₹470 to ₹543 per share |
| Lot Size | 25 Shares |
| Total Issue Size | 17,497,458 shares (aggregating up to ₹919.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE, MCX-SX |
Just Dial IPO offers 13,560,533 shares. 9,186,170 (67.74%) to QIB, 2,624,618 (19.35%) to NII, 1,749,745 (12.90%) to RII. 69,989 RIIs will receive minimum 25 shares and (sNII) and (bNII) will receive minimum 375 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 9,186,170 (67.74%) | NA |
| NII (HNI) Shares Offered | 2,624,618 (19.35%) | |
| Retail Shares Offered | 1,749,745 (12.90%) | 69,989 |
| Total Shares Offered | 13,560,533 (100%) |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹13,575 |
| Retail (Max) | 14 | 350 | ₹190,050 |
| Lot Size Calculator | |||
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.
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.
[Dilip Davda]
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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 10.12 |
| NII | 22.34 |
| Retail | 3.53 |
| Total | 11.63 |
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 has offered a discount of 10% to the floor price to the retail individual 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.
| Listing Date | June 5, 2013 |
| BSE Script Code | 535648 |
| NSE Symbol | JUSTDIAL |
| ISIN | INE599M01018 |
| Final Issue Price | ₹530 per share |
| Price Details |
|---|
| Final Issue 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 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: justdial.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 25 Shares.
The IPO opens on May 20, 2013, and closes on May 22, 2013.
Kfin Technologies 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 amount required is ₹13,575.
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, Nuvama, 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.
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