Onmobile IPO subscribed 10.95 times

The Initial Public Offering (IPO) of Onmobile Global Limited which opened for subscription on January 24, 2008 has received 10.95 times subscription.

The company has come out with an IPO of 10900545 Equity Shares of Rs 10 each for cash at a price band of Rs 425 to Rs 450 through 100% book building process.

The IPO has received total bids for 119375310 equity shares against the offer of 10900545 shares. The issue has received bids for 4056495 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 112235550 equity shares against the offer of 6540327 equity shares resulting in a subscription of 17.1605 times.

The Non Institutional Investors portion has received subscritpion of 2.6258 times with bids for 2862240 equity shares against the offer of 1090055 shares.

The Retail Individual Investors (RIIs) portion has received subscription of 1.3080 times with bids for 4277520 shares against the offer of 3270164 shares.

The IPO closed for subscription today - January 29, 2008.

Source : Equity Bulls

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