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onmobile_globalOnMobile Global IPO Allotment Status is readh and can be checked here , The IPO which was open from January 24, 2008 to January 29, 2008 is already with its allotment detail in 11 days or so the ipo totally subscribed by 10.95 times and on the retail side only 1.3080 times.
OnMobile Global IPO Allotment status
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onmobile_globalOnMobile global IPO oversubscribed by 10.95 times on the closing day , the retail side was just subscribed by 1.3 times by 6.00 clock , i dont see a huge listing gain on this .
1 Qualified Institutional Buyers (QIBs) – 17.1605 Times
2 Non Institutional Investors – 2.6258 Times
3 Retail Individual Investors (RIIs) – 1.3080 Times
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onmobile_globalOnMobile Global was subscribed 1.31 times on the end of second day.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.
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on_mobile_globalOnMobile 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.
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onmobile_globalSymbol – Series OGL EQ
Issue Period January 24, 2008 to January 29, 2008
Issue Size 10900545 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs 425 to Rs 450
Tick Size Re. 1/-
Market Lot 15 shares
Minimum Order Quantity 15 shares
This ipo was graded as 4 out of 5 by crisil , more details to come in a seperate post.
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onmobile_globalAbout OnMobile Global IPO
OnMobile Global, a leading provider of telecommunications value added software products and services in India with an expanding international presence, will enter the capital market with an initial public offering of 10,900,545 equity shares of Rs 10 each for cash at a price to determined through a book building process.
Issue Date
The issue will open on January 24 till January 29, 2008.
Price Band
The price band has been fixed between Rs 425 and Rs 450/equity share.
Issue Detail
The company is proposing a fresh issue of 8,613,356 equity shares and an offer for sale of 2,287,189 equity shares by Onmobile Systems Inc. The issue would constitute 18.99% of the fully diluted post issue paid-up capital of the company.
OnMobile Global IPO – In the pipeline , this might be the next ipo that will be given extra consideration after reliance power IPO this is one of the IPO where it was given 4 out of 5 rating by crisil , we will see when it gets approved by SEBI to go public.
About Onmobile Global Limited
It Incubated at Infosys, the initial years went in establishing concept of products for mobile space,There Product Portfolio include Speech-driven products such as ringtones, infotainment, jokes, Ring Back Tones, dating, contests were launched, They have applied for DRHP in order to grow thr business, think we can consider them as one of the monopoly in this area.
Crisil Rating
CRISIL has assigned a CRISIL IPO Grade 4/5 to the proposed initial public offer of OnMobile Global (OGL). This grade indicates that the fundamentals of the issue are above average relative to other listed equity securities in India.
OnMobile Global IPO Info
OnMobile Global has proposed public issue of 10,900,545 equity shares of face value Rs 10 targeted at an issue size in the range of Rs 3,500-4,500 million.
OnMobile Global financials
For the year ended March 2007, the company reported a net profit of Rs 337 million on a turnover of Rs 1,330 million. This is as compared to net profits of Rs 248 million and revenues of Rs 826 million in 2005-06.
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