Just Dial's market valuation has soared after a successful stock market debut

When Internet entrepreneur Raj Koneru invested about Rs 6.5 crore for a 40 per cent stake in Just Dial, the local search service provider's founder V.S.S. Mani thought the company was being overvalued. Mani didn't complain though, as the cash helped him expand the business. That deal happened in 2000, and the investment valued the company at more than five times its annual revenue of Rs 3 crore. Koneru hadn't
overvalued Just Dial for sure. He made almost 26 times returns on his investment by read more at http://businesstoday.intoday.in/story/business-today-top-500-indian-companies-just-dial-ipo-success/1/199797.html