OnMobile IPO Subscribed 1.31 Times At The End Of Day Two

1. Day Two of the OnMobile IPO was better than the first: the Initial Public Offering of India's largest mobile value added services (VAS) company was subscribed 1.31 times. The Qualified Institutional Buyers was oversubscribed at 2.1791 times, but there doesn't appear to be much retail investor interest - that segment remained undersubscribed at 0.0199 times, up from 0.0059 times at the end of the first day of the IPO. Let's see if things improve on the retail side on Day 3 and 4. Details of the subscription here at the NSE, and you can track the subscription live, here (Java ... (Read Full Article)

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