Justdial model similar to Google: management

The promoters and existing investors are selling stake and the public issue will see the company sell 25 per cent stake which will bring down the promoter group holding from 37.15 per cent to 33.13 per cent. The company is selling 1.74 crore shares which is expected to raise Rs 820-950 crore. The proposed valuation of the company stands at Rs 3300-3800 crore. Citigroup is the book manager for the IPO. The management says it ...