OnMobile Global Limited IPO (OGL)

OnMobile Global Limited IPO (OGL)
Period	24-Jan to 29-Jan 2008
Size (Equity Shares)	10,900,545
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 425 to Rs 450
Market Lot	15 Shares
Max shares Retails investor can apply at cut off	210 shares (Rs.210)
Registrar	Karvy Computershare Private Limited
Registrar's email	einward.ris@karvy.com
Lead Manager	ICICI Securities Limited & Deutsche Equities Private India Limited
Listing	BSE, NSE
Grading	CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average relative to other listed equity securities in India.
About the company
Business: Leading provider of telecommunications value added software products and services in India. Products: Targeted at end-user telecommunications with an increasing focus on capitalising on the convergence between wireless and wired line telecommunications services, media content distribution, internet, mobile marketing and mobile commerce. They have broad range of applications for their end-user subscribers. Products include ring back tones, voice portals, ring tones downloads, contests, music messaging, mobile radio, dynamic voicemail and missed call alerts. Client: Bharti, BSNL, Tata Teleservices Limited, Vodafone Essar Limited and more than 10 international telecommunications operators in eight countries. In addition to telecommunications carriers, OnMobile market its services to media companies such as AOL, Disney, ESPN, India Today Group digital, a division of Living Media India Ltd., Star, handset manufacturers such as Nokia and other large corporations.
Objects of the Issue
-Purchase equipment for company's office at Bangalore, Mumbai, Delhi and various customer sites; -Achieve the benefits of listing.; -To meet the expenses of the Issue; -To meet the long term working capital requirements of the Company. -General corporate purposes.