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OnMobile Global IPO – OnMobile Global IPO opens on Jan 24th 2007

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.
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.