VC-backed Just Dial's IPO 11x subscribed
Indian search engine Just Dial’s IPO was subscribed 11.6 times when it closed on Wednesday. The company will raise INR8.2-9.5 billion ($148-171 million), depending on the final issue price.
VC backers Sequoia Capital, SAIF Partners, Tiger Global, ECGS and SAP Ventures will make a partial exit in what is the biggest IPO in India so far this year. It beats the $750 million Bharti Infratel IPO...
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