(i) Just Dial Limited is India’s No. 1 Local Search engine that provides local search related services to users across India through multiple platforms such as website, mobile website, Apps (Android, iOS, Windows), over the telephone (voice, pan India number 8888888888) and text (SMS).
(ii) Justdial has also initiated ‘Search Plus’ services for its users. These services aim at making several day-to-day tasks conveniently actionable and accessible to users through one App. By doing so, it has transitioned from being purely a provider of local search and related information to being an enabler of such transactions. Justdial has also recently launched JD Omni, an end-to-end business management solution for SMEs, through which it intends to transition thousands of SMEs to efficiently run their business online and have an adequate online presence via their own website and mobile site. Apart from this, it has also launched JD Pay, a unique solution for quick digital payments for its users and vendors, and JD Social, its official social sharing platform to provide curated content on the latest happenings to users. The organization also aims to make communication between users and businesses seamless through its Real-Time Chat Messenger.
(a) Pan India presence: Services offered all over India across 250+ cities.
(b) First-mover advantage: Being the industry pioneer, Justdial has a robust presence in all cities and towns of India including deep penetration in Tier II and III cities.
(c) Advanced and scalable technology platform: A vast range of features for a more engaging user experience with 23 transaction-oriented search plus verticals, JD Social – Justdial’s own social sharing platform, and a Real-Time Chat Messenger, on a single platform.
(d) The large online community of engaged users: With over 106 million users (quarterly average unique users) in FY 2017-2018, who have contributed to 83 million ratings and reviews, Justdial’s online community continues to be more engaged than ever.
(e) The attractive value proposition for local MSMEs: Justdial’s value-added offerings of huge online visibility, payment solutions, customized website, mobile site, and mobile app; all packaged together, make it an attractive value proposition for MSMEs, several of whom have continuous associations with Justdial.
(f) Local Expertise: With a strong and widespread sales force, years of experience, and in-depth local market knowledge, Justdial enjoys significant expertise across all regions of the country. Besides, Justdial’s healthy relations with existing MSMEs enable them to get referrals and repeat business.
Buy Back Offer Deal:
|Buyback Record Date:
||Jul 03 2020
|Buyback Opening Date:
||Aug 04 2020
|Buyback Closing Date:
||Aug 17 2020
|Buyback Offer Amount:
|| ₹ 220 Cr
|Date of Board Meeting approving the proposal:
||Apr 30 2020
|Date of Public Announcement:
||Apr 30 2020
|Buyback Offer Size:
|Buyback Number of Shares:
|| ₹ 700 Per Equity Share