OnMobile Global, a telecom value-added services (VAS) provider, will list on the bourses on February 19, 2008.
The company had entered capital market with a public issue of 1.09 crore equity shares at a price band of Rs 425-450 and got subscribed 10.95 times.
OnMobile Global offers content aggregation and application development, which is software-packaged, to telecom service providers. The company retains the intellectual property rights to the platform and applications.
Bangalore-based OnMobile Global, a provider of telecommunications value-added software products and services, is all set to enter the capital market through an initial public offering (IPO).
The company has decided to lift around 10,900,545 shares of Rs 10 each at a price band of Rs 425 and Rs 450 each share. The IPO opens on Jan. 24 till Jan. 29, 2008.
The shares of the company are projected to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The issue has been graded above average by CRISIL and has been allotted a grade of 4/5.