IPO Details – Just Dial Ltd – May 2013

Just Dial Ltd IPO open for Subscription as on 20 May 2013 & close 22 May 2013. Issue offer 10% Discount for Retail Investor. Just Dial or not Dial It’s your choice (We are not dial ). IPO make rich Stakeholders not retail Investor. After listing Amitabh Bachchan gain 4600% from Just Dial.

Just Dial fixs issue price at Rs. 530/- per share Listing Date 5 June 2013

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About Company

Just Dial, one of the leading search engine in India. They provide users of their “Just Dial”  search service with information and user reviews from their database of local business, products and services across India.

They have large database of approximately 9.1 million listing as of Mar 2013. They believe that by providing fast and free access to their database, they provide a compelling user experience that will create a network effect and attract a large number of users who search for information to just dial. These large number of users will in turn , promote more business to pay for listings and become paid advertisers in order to be featured in their search results on a priority basis.

Object of Issue

The object of the offer are to achieve the benefits of listing the Equity Shares on the stock exchanges and to carry out the sale 17,497,458 Equity Shares by the Selling Shareholders . The listing of the equity shares will enhance the company’s brand name and provide liquidity to the existing shareholders. Listing will also provide a public market for the equity shares in India.Setting up of unit for Trouser manufacturing & Knitting & Fabric Process

Competitor

The company is now facing competition from Askme, Asklaila, Getit, Sulekha 

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[wptabtitle] Issue Details[/wptabtitle] [wptabcontent]

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Payment Schedule for Retail [ws_table id=”174″]

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[wptabtitle] Subscription Details[/wptabtitle] [wptabcontent]

Subscription Data for Just Dial IPO

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[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]

Registrar of Issue     :    KarvyComputershare

 Check here your Just Dial IPO allotment   http://mis.karvycomputershare.com/ipo/

Karvy Registrar Link sometime in problem – If you lucky then open link otherwise Blank…….. 

Fixed Issue price Rs. 530 [wp_bannerize random=”1″ limit=”1″]

Listing                           :    NSE & BSE

Listing Date                :    5 June 2013

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[wptabtitle]View/Gray Market [/wptabtitle] [wptabcontent]

Gray market premium for IPO around Rs. 50 to 60 per share 

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 BRLMs 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.

Avoid : I personally not interested in this IPO. 

I am received many call for Subscribe Just Dial services, its very costly product for small advertisers. They forward one leads to many advertisers. It’s share customer details with advertisers in relevant category. resulting in a barrage of phone calls from Just Dial’s advertisers. Unhappy customer avoid to call them.

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 4600% windfall for Amitabh Bachchan from Just Dial  (Read this Article Business standard)

Amitabh Bachchan will make gain of at least 4600% in the Just Dial IPO. He was allotted 62794 share at the  a price of Rs 10 in January 2011, according to a disclosure in the company’s red herring prospectus, an information document that every company coming out with a maiden public issue has to make available to potential investors.

You are paying Just Dial  IPO Rs. 543  & Amitabh Bachchan paid ony 10 per share – 

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