Just Dial IPO
Just Dial IPO — date, price band, lot size & details 2013
Just Dial listed on 5 Jun 2013 at ₹590, 11.3% above the ₹530 issue price.
Just Dial is a local search service providing information on businesses, products and services through the internet, mobile, phone and SMS. Its total income was Rs 275.22 crore in FY2012.
Stock price
Just Dial is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 20 May 2013
- Close 22 May 2013
- Allotment 31 May 2013
- Refund/credit TBA
- Listing 05 Jun 2013
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 May, 2013 |
|---|---|
| Price Band | ₹470 – ₹543 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹919.14 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE, MCX-SX |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 13,250 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹530 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹13,250 |
| Retail (max) | 15 | 375 | ₹1,98,750 |
| S-HNI (min) | 16 | 400 | ₹2,12,000 |
| S-HNI (max) | 75 | 1,875 | ₹9,93,750 |
| B-HNI (min) | 76 | 1,900 | ₹10,07,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 134.76 crore in FY2010 to Rs 275.22 crore in FY2012.
- 02Profit after tax rose from Rs 19.33 crore in FY2010 to Rs 50.42 crore in FY2012.
- 03It had no borrowing on 31 March 2012 or 31 December 2012.
- 04Its service covered over 2000 cities and received over 130 million calls a year.
Risks · 5
- 01The whole Rs 919.14 crore issue was an offer for sale, so none of it went to the company.
- 02Search engines and mobile apps can take business away from local search; EBITDA was Rs 67.30 crore in FY2012.
- 03Its income depends on small businesses paying for listings, which can fall in a slowdown; profit was Rs 47.08 crore in nine months to December 2012.
- 04Fast growth from Rs 134.76 crore of income in FY2010 may be hard to keep up.
- 05The promoters held only 37.15% before the issue and 33.13% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Just Dial offer document.
| Metric | 31 Dec 2012 | 31 Mar 2012 | 31 Mar 2011 | 31 Mar 2010 |
|---|---|---|---|---|
| Assets | 573.36 | 247.78 | 191.43 | 125.22 |
| Total Income | 271.61 | 275.22 | 187.66 | 134.76 |
| Profit After Tax | 47.08 | 50.42 | 28.83 | 19.33 |
| EBITDA | 73.50 | 67.30 | 45.40 | 29.70 |
| NET Worth | 404.81 | 103.37 | 95.41 | 65.74 |
| Reserves and Surplus | 335.37 | 54.17 | 43.31 | 64.64 |
| Total Borrowing | 0.00 | 0.00 | 0.15 | 0.32 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Just Dial RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Just Dial IPO will be updated shortly.
Just Dial IPO Anchor Investors
20 anchor investors across 9 fund houses committed ₹208.66 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its search services are available through the internet, mobile internet, telephone and SMS, including a 24/7 free search service on a single national number that received over 130 million calls a year.
It provides information about local businesses, products and services to users in over 2000 cities in India.
The IPO was Rs 919.14 crore and was entirely an offer for sale by existing shareholders at Rs 530, within the Rs 470 to Rs 543 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Just Dial IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Just Dial?
The current Grey Market Premium is ₹0.
What is the Just Dial IPO price band?
₹470 to ₹543, on a face value of ₹10.
When is the allotment?
The basis of allotment is 31 May 2013, with listing on 5 June 2013.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
