The Onmobile Global IPO was opened for subscriptions from 24th January 2008 to 29th January 2008. It's a 100 percent Book Built Issue and has a size of Equity shares of around 10,900,545 with a face value of Rs.10.
A Short Note on Onmobile Global IPO-
The issue for subscription of Onmobile Global IPO was opened from 24th January 2008 and closed on 29th January 2008. The issue size has been estimated to be around 10,900,545 equity shares with a face value of Rs.10. The price band was Rs.425 to Rs.450 per equity share. The minimum quantity for ordering of equity shares was 15 .
This IPO was listed in both BSE and NSE, the two most significant stock exchanges in India. The managers of this IPO were ICICI Securities Limited and Deutsche Equities Private India Limited. The public offerings of Onmobile Global comprised of 18.99 % of the fully diluted post issue paid-up capital of the company. A bare minimum of 60 % of the public offerings of Onmobile Global IPO will be allotted fairly to the eligible institutional buyers or investors.
Objectives of Onmobile Global IPO-
CRISIL Limited has rated Onmobile Global IPO as CRISIL IPO GRADE 4/5 which clearly implies that this IPO has been ranked above average than many other equity securities in India which are listed on BSE and NSE. Some of the important aspects of Onmobile Global IPO are -
- To achieve benefits from its listings on NSE and BSE, the two leading stock exchanges in India.
- To raise capital in order to make its offices at Bangalore, Mumbai, Delhi and various other locations, well-equipped with all the necessary items.
- To meet all the required expenditures of its public offerings.
- To meet the basic requirements to acquire long-term working capital of the company.
- To serve the usual and general corporate purposes.
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