Justdial Limited IPO : Company Details, Promoters, Issue Details, IPO rating, Company information

Justdial Limited IPO : Company Details, Promoters, Issue Details, IPO rating, Company information



Company Introduction :
Justdial Limited (Just Dial) is popular local search service provider in India. Just Dial’s search services are available to users through Internet, mobile Internet, telephone and text (SMS).

Just dial is a 24/7 Free Search service on a single national number 08888888888 that receives over 130 Million Calls every year. It provides reliable information about local businesses, products and services to the users in over 2000 cities in India. They have more than 300 million customers using JustDial Services.

Company Promoters:
Promoters of the Company are:
1. V.S.S. Mani, aged 46 years, is the Managing Director and Chief Executive Officer of the Company.
2. Anita Mani, aged 43 years, is a former Director of the Company.
3. Ramani Iyer, aged 43 years, is a Non-Independent, Executive Director of the Company.
4. V. Krishnan, aged 42 years, is a Non-Independent, Executive Director of the Company.

Issue Detail:

• Issue Open: May 20, 2013 - May 22, 2013 
• Issue Type: 100% Book Built Issue IPO 
• Issue Size: 17,497,458 Equity Shares of Rs. 10 
• Issue Size: Rs. 822.38 - 950.11 Crore 
• Face Value: Rs. 10 Per Equity Share 
• Issue Price: Rs. 470 - Rs. 543 Per Equity Share 
• Market Lot: 25 Shares 
• Minimum Order Quantity: 25 Shares 
• Listing At: BSE, NSE, MCX-SX

Just Dial IPO Grading
CRISIL has assigned a IPO Grade 5/5 to the IPO of Just Dial Ltd. This grade indicates that the fundamentals of the Just Dial IPO are 'strong' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.

Company Contact Information
Registered Office :
Palm Court, Building-M, 501/B,
5th Floor, Besides Goregaon Sports Complex,
New Link Road, Malad (West), Mumbai 400 064
Phone: (91 22) 2888 4060
Fax: (91 22) 2882 3789
Email: investors@justdial.com
Website: http://www.justdial.com

Spicejet can rally till Rs 60-65 in next 6 months : S.P Tulsian, Latest stock Price

Spicejet can rally till Rs 60-65 in next 6 months : S.P Tulsian, Latest stock Price



As per S.P Tulsian Spicejet can rally till Rs 60-65 in coming six months.

Since the deal of Jet - ETIHAD i have been keeping a positive view on Spicejet.

If you really see, even now the enterprise value of less than USD 1 billion. If you really go by the financial, even go by the company positioning, I don’t think that these valuations are really too stretched. Whenever we have the confirmation, in fact there are all kinds of talks.”

He further said, "Company is now talking of the aircraft turbine fuel (ATF) import also which will improve their financial performance. You have said of murky investors taking the stake but I am not too excited by that stake being taken. But the more interesting part is that the promoters have converted the warrants. I expect that there are lot of interest by the overseas airlines more especially from the Asian region or maybe the Gulf and South East Asian region. They are going to come and have this discussion."

"Once we have that discussion start in this company whether that happens in two-three-four months, it is difficult to say. If you keep a longer term view, I think one can look to see a level of even Rs 60-65 also in the stock. But for that you need to have a longer time horizon of maybe about up to six months as well," Tulsian added.

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Shares of Karnataka Bank ltd rallied on the take over buzz by private sector major Kotak Mahindra bank, Latest stock price

Shares of Karnataka Bank ltd rallied on the take over buzz by private sector major Kotak Mahindra bank, Latest stock price



Shares of Karnataka bank rose by more then 7% on Monday, May 6th on the Buzz of takeover. There is a rumor that Kotak Mahindra bank is willing to buy Karnataka Bank, but Executives of both the bank have denied this.

“Such fluctuations in the stock market are normal. This has nothing to do with any acquisition rumours,” said C. Ananthakrishnan, non-executive chairman at Karnataka Bank. A Kotak Bank spokesman also denied the talk.

Traded volumes of Karnataka bank stock on Monday were almost four times then the two week average with almost 2.1 million shares changing hnads.

In October 2012 there was a buzz that ICICI bank had submitted a formal proposal to RBI to acquire Karnataka bank.

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Mahindra launches New Bolero Maxi Truck Plus priced at Rs 4.33 lakh, Key features

Mahindra launches New Bolero Maxi Truck Plus priced at Rs 4.33 lakh, Key features



Mahindra & Mahindra today rolled out a new variant of its pick-up vehicle, Bolero Maxi Truck Plus, which has been priced at Rs 4.33 lakh (ex-showroom Mumbai)

This has been designed to easily manoeuver through heavy traffic, narrow city lanes and numerous flyovers and still gives a best in class fuel economy.

Speaking on the launch, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd., said, “The Indian pick-up market is growing more rapidly than ever before and Mahindra has been leading this category (2–3.5 Ton GVW LCV segment) with a 54% market share during FY 2012 -13. We have continuously updated and evolved our products to deliver greater value to our customers while retaining the basic tough and rugged DNA associated with Mahindra vehicles.”

Key Features

4 cylinder Common Rail engine (63 BHP, 195 Nm) for better performance
Higher fuel efficiency at 17.7 km per litre
BS4 compliant
Smaller Turning Circle Radius of 5.5 meters for better navigation in city-traffic
Power Steering option
Stylish exterior & interiors
Superior Cabin comforts & features
Larger 40.6 Sq ft (3.7 sq.mt.) cargo box
Higher payload capacity: 1150 kg
Highest warranty of 1 year / unlimited kilometers in the category
Digital Immobilizer
Large 15 inch ( 38.1 cm) tyre
Rigid Leaf-spring front suspension

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Air India would lower free baggage allowance from 20 to 15 kgs and would charge Rs 200-250 per kg for extra luggage

Air India would lower free baggage allowance from 20 to 15 kgs and would charge Rs 200-250 per kg for extra luggage



 Air India would lower the free baggage allowance from 20 to 15 kgs on the domestic sector and start charging a flat rate of about Rs 200-250 per kilo on excess baggage from next week, airline sources said today.

This follows a Directorate General of Civil Aviation (DGCA) circular last week allowing the airlines to charge fees for 'unbundled services' like check-in baggage, preferential seats, meals, snacks or drink (barring drinking water) and sports and musical instruments on their domestic flights.

Air India passengers would from next week be allowed to carry only 15 kgs of free check-in baggage and pay a flat rate of about Rs 200-250 per kg on excess weight, the sources said. The excess baggage charges currently vary between Rs 150-400 per kg depending upon the sector.

There would be no charge for hand baggage up to seven kgs, they said, adding that registered frequent flyers would be allowed to carry up to 20 kgs of checked in baggage as is prevalent now.

ICICI Prudential gets over Rs 130 crore tax notice

ICICI Prudential gets over Rs 130 crore tax notice



The Finance Ministry has asked private sector insurer ICICI Prudential to cough up over Rs 130 crore for alleged evasion through non-payment of service tax.

The Directorate General of Central Excise Intelligence (DGCEI) has issued a show-cause-cum-demand-notice recently to the firm alleging irregularities including fudging records of commission paid to field agents or channel partners in lieu of policies being sold by them among others, official sources said.

Officials of the DGCEI, an investigative arm of Revenue Department under the Ministry, verified the accounts book of the company for the last five years--2007-08 to 2011-12--and claimed to have found irregularities vis-a-vis adherence to service tax laws.

The officials found non-payment of appropriate service tax on the commission paid to their channel partners for the generation of life insurance business and collection of service tax from their corporate agents without any authority in law and not depositing the same to the government exchequer, they said.

"The DGCEI has raised a demand for payment of about Rs 136 crore on account of alleged service tax evasion to ICICI prudential," a source said.

An ICICI Prudential spokesperson said the company will respond to the notice issued to it.