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January 26, 2008

OnMobile Global Limited IPO (OGL)

OnMobile Global Limited IPO (OGL)


24-Jan to 29-Jan 2008

Size (Equity Shares)



100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 425 to Rs 450

Market Lot 


Max shares Retails investor can apply at cut off

210 shares (Rs.210)


Karvy Computershare Private Limited

Registrar's email

Lead Manager 

ICICI Securities Limited & Deutsche Equities Private India Limited





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.

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