Just Dial successfully completed its IPO on Wednesday with itsRs 950-crore issue getting subscribed nearly 12 times. VVS Mani, the promoter, who started the company with Rs 50,000 in 300 sq ft of space, and who owns 33% stake in the company is now worth Rs 1,253 crore."This signals the investor appetite for internet and e-commerce companies," says Jayasankar, senior executive director at investment bank Kotak Mahindra Capital. "We have the mandate for a few companies in this space. But the key issue is to time the public offer.'' The issue provided exit for private equity (PE) funds such as Sequoia Capital and SAIF whose returns jumped 820%, in four years, a fact that could push other investors to consider similar offers.