OnMobile Global IPO Subscription – .53 times on the 1st Day

OnMobile Global subscribed 0.53 times on the first day , as all the money has been sucked by future capital and reliance power IPo the response is very less for onmobile global ,The price band of equity share of face value Rs 10 each has been fixed between Rs 425-450 per share. The IPO will close on 29 January 2008. The issue has been graded by CRISIL at 4/5.