Justdial IPO Note – RR Online Share Trading

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RR Financial Consultants‘s insight:

Just Dial, India’s no.1 local search destination, is coming with the IPO of Rs.  950.11 cr.  (At higher price band).  The  Company  has  First  Mover Advantage  in  the  Indian  Local  Search  Market.  It has strong brand recognition.  The  Company  enjoys  the  benefit  of  multiple  platform service  on  large  scale.  The company has well experienced senior management team. At higher price band issue is priced at 55.74 times EPS.

OBJECTIVES OF THE ISSUE

The Company will not receive any proceeds from this Offer. The objective of the Offer is to carry out the sale of 17,497,458 Equity Shares by the Selling Shareholders and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

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