Friday, January 18, 2008

OnMobile Global Limited IPO opens for subscription on 24th Jan 2008

In the Year 2000 OnMobile Global Limited Incubated at Infosys, OnMobile Global Limited provides value-added telecommunications software products and services for telecommunications and media companies primarily in India. It offers a range of applications that are delivered by its carrier customers to their end-user subscribers. The company's products include ring back tones, voice portals, ring tone downloads, subscription manager, contests, music messaging, on-device client software, mobile radio, voice mail, voice short messaging service, and missed call alerts, which enable subscribers to personalize their mobile phones. It also delivers interactive media solutions to media companies, such as tele-voting, interactive programming, and mobile auditioning; and to marketing companies for mobile adverting and lead generation. In addition, the company provides a range of mobile commerce solutions, which enable subscribers to buy movie tickets, railway tickets, top up their pre-paid mobile phone cards, and pay bills using their mobile phones. Further, it offers MMP2500, a multi-model platform that combines speech, text, and touch input with graphics, text, and audio output to deliver enhanced applications and services. The company is based in Bangalore.

Objects of the issue :
o Achieve the benefits of listing on the Stock Exchanges.
o Purchase equipment for company's office at Bangalore, Mumbai, Delhi and various customer sites.
o To meet the long term working capital requirements of the Company.
o For general corporate purposes.


  • Open - 24 Jan
  • Close - 29 Jan
  • Issue Type -100% Book Building Issue
  • Issue Size - 10,900,545 Equity Shares Of Face Value Rs.10 Each
  • Issue Price - Rs 425/- to Rs 450/- Per Equity Share
  • Maximum Subscription Amount for Retail Investor: Rs 100,000/-
  • Listing - BSE, NSE
  • Lead Manager- ICICI Securities Limited & Deutsche Equities Private India Limited
  • Registrar - Karvy Computershare Private Limited
  • Phone - 040 2342 0818
  • Email - einward.ris@karvy.com
  • Website - www.karvy.com
  • Minimum and Maximum shares for retail category - 1 lot - 15 shares and 14 lot - 210 shares.
  • Minimum and Maximum amount for retail category - 1 lot - Rs 6300 and 14 lot - Rs 94500 @ cut off.
  • Application Multiple - 15 and in multiples there off starting with atleast 15 shares
  • Cheque In Favour Of - "Escrow Account - OnMobile Public Issue - R" For Retail category.

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