Indian local search engine Just Dial Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offer offering (IPO). They plan to raise to Rs. 360 crore through the IPO. The DRHP is available on the website of SEBI and the respective websites of the Book Running Lead Managers. The Company plans to enter the capital markets with a public issue of its equity shares of face value of Rs. 10 each.
The issue will be undertaken through the book building process. At least 50 per cent of the issue shall be allotted on a proportionate basis to qualified institutional buyers, not less than 15 per cent of the issue shall be available for allocation on a proportionate basis to non-institutional bidders and not less than 35 per cent of the issue shall be available for allocation on a proportionate basis to retail individual bidders.
Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited are the book running lead managers to the issue.
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