Just Dial IPO Latest News Today

Just Dial IPO shares will list on Wednesday, June 05, 2013. Issue price of the Just Dial IPO has been fixed at Rs 530/- per share. The equity shares of the issue are proposed to be listed on the BSE, NSE and MCX-SX.

Just Dial IPO Listing Date

Listing Date: Wednesday, June 05, 2013
BSE Scrip Code: 535648
NSE Symbol: JUSTDIAL
Listing In: 'B' Group of Securities
ISIN: INE599M01018
Issue Price: Rs. 530.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Just Dial Ltd IPO allotment status is available online.

Just Dial IPO was opened on May 20, 2013 and closed on May 22, 2013. Public Issue was oversubscribed by 11.63 times (3.53 times in retail). The equity shares of the issue are proposed to be listed on the BSE, NSE and MCX-SX.

Just Dial IPO shares price was fixed at Rs 530. The shares to cost Rs 483 after discount for retail investors.

In a bid to protect the interests of retail investors, market regulator SEBI has framed draft norms for mandatory safety net mechanism in IPOs. According to SEBI, the safety net mechanism would be available for all securities allotted to original resident retail individual allottees that had made an application for up to Rs. 50,000. And the total obligation for such provision is capped at five to ten per cent of the issue size.

This Safety Net is now mandatory for all the IPOs hence forth and will be triggered in cases where the price of the shares has depreciated by more than 20 per cent from the issue price. The price for this provision shall be calculated as the volume-weighted average market price of such shares. Safety Net shall be effective for six months from the date of trigger.

Click on below link to read more:
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Justdial Limited is entering in the capital markets with an initial public offering, IPO of 17,497,458 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 470/- at lower level and Rs 543/- at upper level.

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). 

The issue opens on May 20, 2013 and closes for subscription on May 22, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and MCX-SX.