OnMobile IPO Subscribed 0.53 Times On Day One

Entities Mentioned

• OnMobile Global Ltd

1. By Nikhil Pahwa - Thu 24 Jan 2008 05:47 AM PST Day one of the Initial Public Offering of OnMobile Global, India’s largest mobile value added services (VAS) company, was not very successful: the issue is not yet fully subscribed, at 0.53 times. Mouli Raman, CTO of OnMobile told me that that nearly all the investments are from the Qualified Institutional Buyers (QIB) side, as is typically the case in the initial stages of the IPO, and retail investors (Read Full Article)

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