Bookbuilding IPO | ₹480 Cr | Listed at BSE, NSE | Thu, Jan 24, 2008 - Tue, Jan 29, 2008
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 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,750 (15 shares) (based on upper price). 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 Open
Thu, Jan 24, 2008
IPO Close
Tue, Jan 29, 2008
Issue Price
₹440 per share
Market Cap (Pre-IPO)
₹2,525.87 Cr
| IPO Date | 24 to 29 Jan, 2008 |
| Listed on | Tue, Feb 19, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹425 to ₹450 |
| Issue Price | ₹440 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,09,00,545 shares (agg. up to ₹480 Cr) |
| Fresh Issue | 86,13,356 shares (agg. up to ₹379 Cr) |
| Offer for Sale | 22,87,189 shares of ₹10 (agg. up to ₹101 Cr) |
| Share Holding Pre Issue | 4,87,92,783 shares |
| Share Holding Post Issue | 5,74,06,139 shares |
| BSE Script Code / NSE Symbol | 532944 / ONMOBILE |
| ISIN | INE809I01019 |
OnMobile Global IPO comprises a total issue size of 1,09,00,545 shares. Out of which, 65,40,327 (60.00%) are allocated to QIB, 10,90,054 (10.00%) allocated to NII 32,70,164 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase equipment for the offices at Bangalore, Mumbai and Delhi and various customer site | 180.52 |
| 2 | Working Capital Requirements | 5.00 |
| 3 | Repayment of loan | 35.00 |
| 4 | General Corporate Purposes | 133.93 |
| Total | 354.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.55% | 57.53% |
| Market Cap | ₹2,525.87 Cr. |
The OnMobile Global IPO is subscribed 10.95 times on January 29, 2008 5:00:00 PM (Day 4). The public issue subscribed 1.31 times in the retail category, 17.16 times in the QIB category, and 2.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 11.37 |
| 2 | Advertising and Marketing expenses | 4.52 |
| 3 | Printing and stationery | 4.08 |
| 4 | IPO Grading fee | 0.20 |
| 5 | Registrar’s fee | 0.27 |
| 6 | Others (legal fee, etc.) | 4.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹440.00 | ₹440.00 |
| Open | ₹440.00 | ₹440.00 |
| Low | ₹421.00 | ₹411.00 |
| High | ₹579.90 | ₹579.00 |
| Last Trade | ₹521.90 | ₹518.15 |
Lead Manager Reports
OnMobile Global IPO is a main-board IPO of 1,09,00,545 equity shares of the face value of ₹10 aggregating up to ₹480 Crores. The issue is priced at ₹440 per share. The minimum order quantity is 15.
The IPO opens on Thu, Jan 24, 2008, and closes on Tue, Jan 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 Thu, Jan 24, 2008 and closes on Tue, Jan 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 Tue, Feb 19, 2008.
