Just Dial has filed its Draft Red Herring Prospectus (DRHP) with SEBI on 12 August 2011 for an initial public offering (IPO), looking to raise Rs. 360 crore. The company plans to enter the capital markets with a public issue of its equity shares of face value of Rs.10 each.
With the total issue size over Rs 700 crore, Just Dial's IPO is likely to be the largest public offering by an Indian internet company. In 2010, online travel portal MakeMyTrip had listed on the NASDAQ, raising $70-$80 million (Rs 310 crore-Rs 360 crore) in its maiden public offering.
Objects of the Issue:
The object of the issue are to:
Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited are the book running lead managers to the issue.