Thursday, January 31, 2008

OnMobile Global IPO - Subscription Status

OnMobile Global IPO has been oversubscribed by around 11 times.

QIB subscription is 17 times
NII subscription is 2.6 times
Retail subscription is 1.3 times

The price band is between Rs 425 and Rs 450 per equity share. Even though the issue has been oversubscribed in each segment, the company has chosen the price to be Rs 440/-. That is a Rs 10 discount to the investors.

The issue will be listed in February.

Watch out this blog for allotment status!

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