The Mumbai-based JustDial Ltd. has fixed the price band between Rs.470 and Rs.543 for its initial public offering (IPO).
The IPO will hit the capital market on May 20 to raise between Rs.822 and Rs.950 crore. The issue will close on May 22.
Retail investors will get a discount of 10 percent on the issue price. The offer constitutes 25 percent of the fully-diluted post offer paid up equity capital of the company.
Citi and Morgan Stanley will be the book running lead managers to the issue.
The company provides search services over phone and web.
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