Just Dial's IPO to open for bidding on 20 May 2013

Price band set at Rs 470 to Rs 543 per share Just Dial, a local search engine, is proposing a public issue of 1.74 crore equity shares through an offer for sale by the selling shareholders. A discount of 10% to the floor price is being offered to retail individual bidders. The offer will constitute 25.02% of the fully diluted post-offer paid-up equity share capital of the company. The price band for the IPO has been fixed at Rs 470 to Rs 543 per share. The IPO will open for subscription on 20 May 2013 and will close on 22 May 2013. The equity shares are proposed to be listed on the BSE, the NSE and MCX-SX. Just Dial is promoted by V.S.S. Mani, Anita Mani, Ramani Iyer and V. Krishnan.