OnMobile Global IPO gets lukewarm response

The initial public offering (IPO) of OnMobile Global, which opened today, has got a lukewarm response with only 45 bids received till 1145hrs.

The IPO for a total of 109,00,545 shares will close for subscription on January 29. The price band has been fixed between Rs 425-450 per share. The issue would constitute 18.99% of the fully diluted post issue paid-up capital of the company.

OnMobile Global is a provider of  value-added products and services in telecommunications in India with an expanding international presence.