MoneyWorks4Me

Just Dial makes a strong debut; ends with over 15% premium on NSE

05 Jun 2013 Evaluate

Just Dial ended at a premium of 15.54% or Rs 82.35 at Rs 612.35 against its issue price of Rs 530 on the National Stock Exchange (NSE).

The stock opened at Rs 590.00 and touched a high and a low of 631.90 and 581.15 respectively. A total 1,24,83,316 crore shares were traded on the NSE counter.

The company fixed the issue price at Rs 220 a share for institutional and high net worth individuals (HNI’s) and Rs 210 a share for retail investors.

The company is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India. Just Dial’s search service is available to users through multiple platforms: Internet, mobile Internet, telephone (voice) and text (SMS).

Peers
Company Name CMP
Sagility 45.31
Prime Focus 331.40
Knowledge RealtyTrt. 113.89
Indegene 606.45
Syngene Internatl. 382.85
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