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OnMobile Global IPO is a book build issue of ₹479.62 crores. The issue is a combination of fresh issue of 0.86 crore shares aggregating to ₹378.99 crores and offer for sale of 0.23 crore shares aggregating to ₹100.64 crores.
OnMobile Global IPO bidding started from Jan 24, 2008 and ended on Jan 29, 2008. The shares got listed on BSE, NSE on Feb 19, 2008.
OnMobile Global IPO price band is set at ₹440.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,375 (15 shares). The lot size investment for sNII is 31 lots (465 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (2,280 shares), amounting to ₹10,03,200.
Deutsche Equities India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to OnMobile Global IPO RHP for detailed Information.
| IPO Date | January 24, 2008 to January 29, 2008 |
| Listing Date | February 19, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹425 to ₹450 per share |
| Issue Price Final | ₹440 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,09,00,545 shares (aggregating up to ₹479.62 Cr) |
| Fresh Issue | 86,13,356 shares (aggregating up to ₹378.99 Cr) |
| Offer for Sale | 22,87,189 shares of ₹10 (aggregating up to ₹100.64 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,87,92,783 shares |
| Share Holding Post Issue | 5,74,06,139 shares |
OnMobile Global IPO offers total 1,09,00,545 shares. Out of which 65,40,327 (60.00%) allocated to QIB, 10,90,054 (10.00%) allocated to NII, 32,70,164 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 65,40,327 (60.00%) | NA |
| NII (HNI) Shares Offered | 10,90,054 (10.00%) | NA |
| Retail Shares Offered | 32,70,164 (30.00%) | 2,18,010 |
| Total Shares Offered | 1,09,00,545 (100.00%) |
OnMobile Global IPO opens on January 24, 2008, and closes on January 29, 2008.
| IPO Open Date | Thu, Jan 24, 2008 |
| IPO Close Date | Tue, Jan 29, 2008 |
| Tentative Listing Date | Tue, Feb 19, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 29, 2008 |
Investors can bid for a minimum of 15 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,600 |
| Retail (Max) | 30 | 450 | ₹1,98,000 |
| S-HNI (Min) | 31 | 465 | ₹2,04,600 |
| S-HNI (Max) | 151 | 2,265 | ₹9,96,600 |
| B-HNI (Min) | 152 | 2,280 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, OnMobile Global Limited is a leading provider of telecommunications value added software products and services in India.
OnMobile products are 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.
OnMobile’s major customer includes 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.
The Company OnMobile Global IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Purchase equipment for the offices at Bangalore, Mumbai and Delhi and various customer site | 1,805.21 |
| 2 | Working capital requirements | 50.00 |
| 3 | Repayment of loan | 350.00 |
| 4 | General corporate purposes |
OnMobile Global Ltd. (OGL) IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average relative to other listed equity securities in India.
| Listing Date | February 19, 2008 |
| BSE Script Code | 532944 |
| NSE Symbol | ONMOBILE |
| ISIN | INE809I01019 |
| Final Issue Price | ₹440 per share |
| BSE Listing Group | B1 |
OnMobile Global Ltd.
26, Bannerghatta Road
,J P Nagar,
3rd Phase,
Bangalore Urban, Karnataka, 560076
Phone: +91-8041-802500
Email: investors@onmobile.com
Website: http://www.onmobile.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
OnMobile Global IPO is a main-board IPO of 1,09,00,545 equity shares of the face value of ₹10 aggregating up to ₹479.62 Crores. The issue is priced at ₹440 per share. The minimum order quantity is 15.
The IPO opens on January 24, 2008, and closes on January 29, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in OnMobile Global IPO using UPI as a payment gateway. Zerodha customers can apply in OnMobile Global IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in OnMobile Global IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The OnMobile Global IPO opens on January 24, 2008 and closes on January 29, 2008.
OnMobile Global IPO lot size is 15, and the minimum amount required for application is ₹6,600.
You can apply in OnMobile Global IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for OnMobile Global IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the OnMobile Global IPO allotment status.
The OnMobile Global IPO listing date is on Tuesday, February 19, 2008.
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