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Just Dial to be listed on exchanges today

The local search engine company raised Rs. 9.5 billion in its IPO recently

January 01, 1970 5:30 IST | capital market
Just Dial will be listed on the stock exchanges today. The local search engine company raised Rs. 9.5 billion in its IPO recently.

"Effective from Wednesday, June 5, 2013, the equity shares of Just Dial Ltd shall be listed and admitted to dealings on the exchange," BSE and NSE said in separate circulars on Tuesday.

The company has fixed the issue price at Rs. 530 per share. It has also decided to offer a discount of Rs. 47 on the issue price to retail investors.

The price band for the issue was at Rs. 470-Rs. 543 per share. Just Dial's issue was subscribed almost 12 times. Citigroup and Morgan Stanley are the book-running lead managers to the issue.

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