OnMobile shares will debut tomorrow

Thebullishtrends OnMobile shares will debut tomorrow in stock exchanges. Recently OnMobile came to the IPO market with a price band of Rs. OnMobile IPO subscribed 10.95 times. OnMobile IPO received bids for Rs.11.93 crore shares as against 1.09 crore shares on offer. The issue would constitute 18.99% of the fully diluted post issue paid-up capital. OnMobile issue has been graded above average by CRISIL and has been assigned a grade of 4/5.
OnMobile Global is a provider of telecommunications value added software products and services in India with an expanding international presence.

OnMobile shares may debut at Rs.450 as against offer price of Rs.440 and there is a chance to settle the share price at Rs.420 levels. It is better for OnMobile share holders to exit in a better price and one can enter in bottom levels.