OnMobile global is listing tomorrow this is one of the IPO that was rated 4 out of 5 by crisil and the response was not that good , as there is no Us market today there is not much of a global Cue to worry about .
Track Onmobile Global stock here
OnMobile Global Limited IPO is listing on Tuesday, February 19, 2008
BSE Script Code: 532944
NSE Symbol: ONMOBILE
Issue Price: Rs. 440/-
OnMobile 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
OnMobile 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
OnMobile 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.
Symbol – 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.
About 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.
The issue will open on January 24 till January 29, 2008.
The price band has been fixed between Rs 425 and Rs 450/equity share.
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.