Justdial raises Rs 208 crore from anchor investors
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Justdial raises Rs 208 crore from anchor investors

Last Updated: Friday, May 17, 2013, 22:04
 
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Justdial raises Rs 208 crore from anchor investors
Mumbai: Local search engine Justdial has raised over Rs 208 crore through issue of shares to anchor investors including Goldman Sachs and HSBC.

The company is all set to hit the capital market with an initial public offer on May 20, through which it could raise up to Rs 950 crore.

The board of directors, during their meeting held today, finalised allocation of 39.37 lakh shares to anchor investors at a price of Rs 530 per piece, the firm said in a regulatory filing.

These shares are worth about Rs 208 crore.

The anchor investors include Goldman Sachs India Fund, HSBC Bank (Mauritius) Ltd, Birla Sunlife Trustee Company Pvt Ltd, DSP Blackrock Opportunities Fund and Deutsche Securities Mauritius Ltd, the filing said.

The IPO would see promoters and other investors selling 17.49 million shares or 25.2 per cent of the paid up equity capital. Post issue the promoters would have 33 per cent and the issue does not involve the company issuing fresh shares.

Citigroup and Morgan Stanley are the book-running lead managers to the issue.
Justdial plans to list on the BSE, NSE and MCX-SX.

PTI



First Published: Friday, May 17, 2013, 22:04


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