OnMobile Global, a leading provider of telecommunications value added software products and services in India, will list on the bourses with its equity shares on Tuesday, February 19, 2008. The issue price has been fixed at Rs 440 per share.
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.
The objects of the issue are to purchase equipment for the company’s offices at Bangalore, Mumbai and Delhi and various customer sites, to meet working capital requirements, repayment of loan and to fund expenditures for general corporate purposes.
The book running lead managers to the issue are Deutsche Equities India Private Limited and ICICI Securities Limited.
It has a broad range of applications that are delivered by its carrier customers to their end-user subscribers. These products include ringback tones, voice portals, ringtone downloads, subscription manager, contests, music messaging, on-device client software, mobile radio, dynamic voicemail, voice short messaging service and missed call alerts which enable subscribers to personalise their mobile phones and thereby enhance user experience.
Source: Moneycontrol.com
Monday, February 18, 2008
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