I hate writing on the IPOs personally I don’t like them – It is important to highlight apart from Mr Amitabh Bachchan who else is playing the Just dial game becoming bit richer as he owned 62,794 shares, or 0.1% of Just Dial, since February 2011.
Though Mr. Bachchan won’t be selling his equity in the share sale, his investment could now be worth as much as 34 million rupees ($615,249). Meaning, he has made a theoretical profit of 33.5 million rupees ($603,048).
Moving out from Bollywood the latest that I know is Just Dial’s up to 9.4 billion rupee ($170 million) initial public offer was subscribed 11.6 times on closing on Wednesday, in what is the biggest IPO in the country so far this year. Continue reading “Just Dialed or Just Don’t Dial – IPO”