Friday, February 15, 2008

OnMobile Global IPO - Listing

OnMobile Global IPO shares have been alloted. The shares have been alloted at a price of Rs. 44o.

The IPO opened at Rs 440 and hit a low of Rs 421 in morning trade. It traded with volumes of 1,97,15,324 shares on the BSE. It surged to a high of Rs 579.90 before closing the day at Rs 521.90, up 18.61% over its offer price of Rs 440 per share.

This is very good opening compared to some of the other IPOs recently who closed the day lower than the offer price.



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