Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
IPO News

| More

Just Dial IPO - Just Don't Dial!!

Posted On: 2013-05-19 21:53:01

Just Dial is coming out with an IPO which opens for subscription by investors today (May 20, 2013). The company has fixed the price band as Rs. 470 to Rs. 543 for a face value of Rs. 10 per share. The issue is an offer for sale by 9 shareholders and the proceeds of this issue will not go to the company.

The offer at the top end of price band will garner a whopping Rs. 950 crores and all that will go only to the selling shareholders that include promoters V S S Mani, Ramani Iyer and V Krishnan apart from the funds like Sequoia III, SAIF, Tiger Global Foud JD Holdings, Tiger Global Five Indian Holdings and others.

The lead managers for the issue are Citigroup Global & Morgan Stanley.

Why Investors shouldn't apply for this IPO?

  • The company has made a bonus issue of 55:1 in 2010
  • The average price for Sequoia is arund Rs. 50.
  • The investors want a return of 10 times without fundamentals justifying the same.
  • Many transactions between Sequoia and promoters.
  • Promoters holding cost is less than a Rupee.
  • Sequoia pumps in Rs. 251 crores to shore company's networth in March 2012.
  • US operations demerged and owned by promoters and Sequoia.
  • Valuations at 50 P.E and over 9 times book value.
  • Safety Net is the only comfort for investors.
  • Investors will do better to remember Suzlon & SKS Microfinance's IPOs.
  • Buy back of promoter's shares at Rs. 2500 few years back.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Hindustan Aeronautics Ltd to list on March 28, 2018
Expectations high on listing of Bandhan Bank shares tomorrow
Mishra Dhatu Nigam Limited IPO receives subscription of 1.21 times
Lemon Tree Hotels Limited - IPO Note - Angel Broking
Mishra Dhatu Nigam Ltd - IPO Note - Sushil Finance
ICICI Securities Ltd - IPO Note - Sushil Finance
Lemon Tree Hotels Ltd - IPO Note - Sushil Finance
Mishra Dhatu Nigam Ltd - IPO Note - Angel Broking
Mishra Dhatu Nigam Ltd - IPO Note - Avoid - Hem Securities
ICICI Securities Ltd - IPO Note - SSJ Finance & Securities
Mishra Dhatu Nigam Ltd - IPO Note - Subscribe - SSJ Finance & Securities
IPO Note: MISHRA DHATU NIGAM LTD - NOT RATED - Kotak
IPO Note: ICICI Securities Ltd - SUBSCRIBE - Kotak
IPO: Mishra Dhatu Nigam Ltd - IIFL
Sandhar Technologies Limited - IPO Note - Angel Broking
Hindustan Aeronautics LTD - IPO Note - HEM Securities
ICICI Securities IPO to open for subscription on Mar 22, 2018
IPO Note: Sandhar Technologies Ltd - SUBSCRIBE - Kotak
IPO Note: Hindustan Aeronautics Ltd - SUBSCRIBE - Kotak
Bandhan Bank Ltd - IPO Note - Subscribe - HEM Securities
HDFC Asset Management Company Ltd files DRHP for IPO
Bandhan Bank Ltd - IPO Note - Subscribe - SSJ Finance
Bandhan Bank Limited - IPO Note - Angel Broking
IPO of ICICI Securities Ltd to open on March 22, 2018
Bharat Dynamics Ltd - IPO Note - SUBSCRIBE - Kotak
Bharat Dynamics Ltd - SUBSCRIBE - IPO Report - HEM SECURITIES
Bandhan Bank Ltd - IPO NOTE - Arihant Capital Markets
Bharat Dynamics Ltd - SUBSCRIBE - IPO Note - SSJ Finance
Bharat Dynamics Ltd - IPO Note - Angel Broking
Sarveshwar Foods Limited - IPO NOTE - Arihant Capital Markets
H.G. Infra Engineering Ltd - AVOID - IPO Update - SSJ Finance
HG Infra Engineering - IPO Note - Angel Broking
IPO Note - Aster DM Healthcare Ltd - Avoid - By SSJ Finance & Securities
Galaxy Surfactants Ltd - IPO Note - SUBSCRIBE - SSJ Finance & Securities
Shalby Limited - IPO Note - Angel Broking
Future Supply Chain Solutions Ltd - IPO Note - Angel Broking
HDFC Asset Management Company Limited to file for IPO
Reliance General Insurance receives final observations from SEBI for IPO
Srei Equipment Finance Ltd files DRHP for IPO
Future Supply Chain Solutions Ltd IPO to open for subscription on Dec 6, 2017
New India Assurance Co Ltd - IPO Note - CSEC Research
Khadim India Ltd - IPO Note - Angel Broking
The New India Assurance Company Ltd - IPO Note - Angel Broking
Mahindra Logistics Limited - IPO Note - Angel Broking
IPO of The New India Assurance Company Ltd. opens on November 01, 2017
Reliance Nippon Life Asset Management Ltd - IPO Note - Angel Broking
Srei Equipment Finance Ltd approves IPO
Price band for Mahindra Logistics Limited's IPO fixed
Indian Energy Exchange to list on Oct 23, 2017
Mahindra Logistics Limited IPO to open for subscription on Oct 31, 2017


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018