OnMobile Global IPO Closed with 19% Premium on Listing Day
OnMobile Global 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.
OnMobile Global which is provider of telecommunications value added software products and services in India, has surged to a high of Rs 579.90 before closing the day at Rs 521.90, up 18.61% over its offer price of Rs 440 per share. The stock opened at Rs 440 and hit a low of Rs 421 in morning trade. It traded with volumes of 1,97,15,324 shares on the BSE.
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