CSB is only Kerala-based bank which had not gone for public issue so far
Proposed move would also help companies being more serious in stating their objectives at time of IPO
Proceeds from IPO will be utilised for the working capital requirements of the company and for brand building exercise
Company likely to file a draft red herring prospectus by month end
Fall of the IPO market, which at its peak had an average of nearly four offers a day, has had IPO printers looking to their other business segments for sustenance
Underpricing is difference between offer price of IPO, prices on day of listing when price discovery happens in market place
Facebook increased 1.5 per cent to $38.20 at 9:31 am in New York on Wednesday, erasing losses since the May 18, 2012 IPO and rebounding from a low of $17.55 in September
The scrip of the company on Wednesday ended at Rs 695.80, up 2.7 per cent, on BSE, while the benchmark Sensex ended flat at 19,345.70. Just Dial shares had seen a record high of Rs 761.80 on July 9
A committee set up for the purpose held a meeting on Tuesday
Sebi has announced measures to enable listing of start-ups and SMEs on a new institutional trading platform
Promoters pin hope on release of safety net funds; may soon write to Sebi
Existing shareholders raise about Rs 925 crore
The IPO of Justdial was subscribed 12 times over, with every share in this year's largest IPO receiving a dozen bids
The company has fixed the issue price band at Rs 470-543 and will give Rs 47 (10% to the floor price) discount to retail investors
The IPO, which does not have issue of fresh shares, would see promoters offloading 17.49 million shares
Just Dial IPO is open from May 20 to May 22. Company seeks to sell 25.02% stake or 17.4 million shares
If IPO is fully subscribed at upper end of price band or Rs 543, gains will be at 5,330%
Scaled-down valuations force company to sell 25%, instead of 10%