OnMobile Global slightly above IPO price on debut

Mumbai, Feb 19 (UNI) OnMobile Global today was hovering at Rs 451.50 per equity share against the price band of Rs 425-450 in early trade on Bombay Stock Exchange (BSE), a premium of 2.6 per cent over IPO price of Rs 440.

The stock debuted at Rs 440, at the same price at which the Initial Publice Offer (IPO) was priced, a leading broker said.

The stock hit a low of Rs 421 and high of Rs 472 in early trade.

On BSE, 4.8 lakh shares changed hands in the counter.

The price band for the IPO was Rs 425-Rs 450. The IPO was subscribed 10.95 times. The IPO received bids for 11.93 crore shares as against 1.09 crore on offer.

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