Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
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:

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
Reliance Nippon Life Asset Management Limited's IPO to open on Wednesday, October 25, 2017
IPO Note - General Insurance Corporation of India (GIC Re): Angel Broking
General Insurance Corporation Of India - IPO Note - Arihant Capital Markets
Indian Energy Exchange - IPO Note - Angel Broking
Indian Energy Exchange Limited IPO to open for subscription on Oct 9, 2017
MAS Financials Services Ltd - On the track to excel - Angel Broking
General Insurance Corporation Of India's IPO to hit markets on Oct 11, 2017
Godrej Agrovet Limited IPO receives huge response with subscription of 90.18 times till 3:45 PM
Godrej Agrovet Limited IPO receives subscription of 33.27 times till 2:30 PM
Godrej Agrovet Limited IPO receives subscription of 4.42 times till 12:00 noon
IPO Note - MAS Financials Services Ltd: Angel Broking
Prataap Snacks Ltd to list today
IPO Note - Godrej Agrovet Limited: Angel Broking
SBI Life Insurance Company Limited to list on Oct 3, 2017
Godrej Agrovet Limited - IPO Note - Sushil Finance
MAS Financial Services Ltd's IPO to open on Oct 6, 2017
Godrej Agrovet Limited fixes IPO price band as Rs. 450 to Rs. 460
SBI Life Insurance Company Limited IPO gets subscription of 3.58 times
Godrej Agrovet Ltd IPO to hit markets on Oct 4, 2017
ICICI Lombard General Insurance Company Limited IPO receives subscription of 2.98 times
Prataap Snacks Limited - IPO Note - Angel Broking
SBI Life Insurance Co Ltd - IPO Note - Angel Broking
Matrimony.com Limited to list on Sep 21, 2017
SBI Life Insurance Company Limited IPO to hit markets on Sep 20, 2017
ICICI Lombard General Insurance Company Limited IPO to close on Sep 19, 2017
Capacit'e Infraprojects Limited IPO receives overwhelming response
Matrimony.com Limited IPO receives subscription of 4.44 times
ICICI Lombard General Insurance Company Ltd - IPO Note - Angel Broking
Capacit'e Infra projects Ltd - IPO Note - Capacit'e for towering growth - Angel Broking
Matrimony.com - IPO Note - Arihant Capital Markets
Capacit'e Infraprojects Ltd - Healthy order book with strong execution... - Geojit
Capacit'e Infraprojects Limited IPO to open for subscription on Sep 13, 2017
Matrimony.com Limited IPO to open for subscription on Sep 11, 2017
Bharat Road Network Limited IPO subscribed 1.81 times


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

disclaimer copyright © 2005 - 2017