Just Dial will also provide 'safety net' for retail investors. Under this, if the market value of the scrip falls below the issue price at any time during the scheme period, promoters will buyback shares at the sale price from original allottees.

However, the buyback will be subject to a maximum of 1,000 shares per allottee.

Since Deep Kalra listed Makemytrip on Nasdaq in 2010, Mani’s Just Dial IPO offering has been the second largest that raised the hopes of entrepreneurs and venture capitalists who have been looking for scopes to get listed.

Murugavel Janakiraman,founder of Bharat-Matrimony.com,a matchmaking e-commerce website said, “Its good news for the Internet industry.”

The company plans to list its shares on the BSE, NSE and MCX-SX.

(With PTI Inputs)

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