New Delhi, May 19: Justdial, a search engine firm, has raised over Rs 208 crore through the issue of shares to anchor investors including Goldman Sachs, HSBC, and DSP Blackrock Fund.
The board of directors, during their meeting, finalised allocation of 39.37 lakh shares to anchor investors at a price of Rs 530 per piece, the firm said in a regulatory filing. These shares are worth about Rs 208 crore.
The other investors include Fidelity Funds-Emerging Asia Pool, HDFC Capital Builder Fund, Columbia Emerging Markets Fund, Ivy Pacific Opportunities Fund, Birla Sun Life Midcap Fund, Birla Sunlife Trustee, Baytree Investments (Mauritius) and Deutsche Securities, among others.
The Just Dial IPO is set to open from May 20 to May 22, and hopes to raise up to Rs 950 crore. The company seeks to sell 25.02 per cent stake or 17.4 million shares. The price band has been set at between Rs 470-543 per share.
The IPO would see promoters and other investors selling 17.49 million shares or 25.2 per cent of the paid up equity capital. Post issue the promoters would have 33 per cent and the issue does not involve the company issuing fresh shares. Citigroup and Morgan Stanley are the book-running lead managers to the issue. Justdial plans to list on the BSE, NSE and MCX-SX.
Latest Business News
