OnMobile Global IPO Opens on : 24-Jan-2008 425-450Rs
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.
OnMobile Global, a leading provider of telecommunications value added software products and services in India with an expanding international presence, is opened for subscription 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 close for subscription on January 29, 2008. The price band has been fixed between Rs 425 and Rs 450 per 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.
The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange of India. The book running lead managers to the issue are Deutsche Equities India Private Limited and ICICI Securities Limited.
It has a broad range of applications that are delivered by its carrier customers to their end-user subscribers. These products include ringback tones, voice portals, ringtone downloads, subscription manager, contests, music messaging, on-device client software, mobile radio, dynamic voicemail, voice short messaging service and missed call alerts which enable subscribers to personalise their mobile phones and thereby enhance user experience.
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Tags : equity share, initial public offering, IPO, onmobile, OnMobile Global, OnMobile Global IPO , 253 Views
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