Just Dial IPO raises $170m; 10x oversubscribed

26 May 2013

Just Dial has raised $170m from its IPO, securing massive oversubscriptions at both the institutional and retail levels as investors clambered for exposure to Indian technology.

By the time the deal closed on Friday, the book was covered 9.8 times for the institutional tranche and 22.3 times for retail with the latter breaking records thanks to 150,000 investors applying for shares. Though the retail tranche may have been inflated by the fact Just Dial ...

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