OnMobile Global Limited IPO Message Board (Page 17)

Can anyone tell me the subscription in retail please...

onmobile oversubscribed around 0.12 times in retial at 11am on 29th jan'08

onmobile overall 3.45 times till now

Financials & Valuation

The company has sound fundamentals with three-year revenue CAGR (annualising 6MFY08) of 82.8%, net profit CAGR of 65.4% and EBITDA margin of around 45%. Our preliminary estimate of net profit is Rs 607 million for FY08E and Rs 926 million for FY09E.

At the offer price of Rs 425-450, the stock is available at 28.7x FY09E earnings of Rs15.7 at the higher price band, and 27.1x at the lower price band. Considering its impressive financials and robust growth prospects, we recommend subscribe to the issue.

-Prabhudas Lilladher

This is definitely overpriced.

from----business standard

Valuation

The OnMobile issue is priced at 33 and 35 times estimated FY09 earnings at lower and upper end of the price band, respectively. Although there is no similar listed player operating at OnMobile’s scale in India to compare it with, Tanla Solutions operates as a content aggregator in developed telecom markets like the UK and Singapore. Tanla Solutions trades at less than 13 times estimated FY09 earnings.
STRETCHED
Rs crore FY07 FY08E FY09E
Revenues 141.2 235.0 350.0
OPM (%) 47.5 47.0 45.1
Net profit 34.9 57.6 84.0
NPM (%) 24.7 24.5 24.0
EPS (Rs) 7.1 10.0 13.0
P/E(X) -
42.5-45 32.7-34.6


Going by this, OnMobile’s issue appears expensive. The risks too, are not few. So far, telecom companies’ VAS revenues account for less than ten per cent of their top line. Even though the entry barriers to this segment may appear high at present, telecom companies are likely to be pleased with new entrants once VAS revenues account for a higher share in their revenues.

Risks of execution in terms of OnMobile’s ability to continually innovate newer products in order to bring in higher number of VAS users too, becomes significant from a long term perspective. Investors with high risk appetite, who are willing to offer a scarcity premium to the company may subscribe to the issue. All others should wait and watch.

Issue opened: January 24, 2008

check the QIB subscription...thats the clue....QIBs seem to be interested in this IPO.

what a surprise in this market if you earn the money!

if spare money take achance and luck in your favour you get revenge.

is good ipo.........but wait for market trend........chance to earn 3000 rs loss 6000 rs if listed minus.....

dont invest in ipo now

any idea abt latest subscription level?

Dont apply for this IPO, buy it from the secondary market at a good discount on the day of listing.

What is the grey price of this IPO. Only 1.13 times on 25.01.08, it means retail portion is not going to be fully suscribed?

Can any one sugest some good stock with short term prospect. Is market fall stopped or hope for some more. what would be corect valuations of marekt would be? I am new to this field call and put options only. Ipo raj I have a question for u what u think about OnMobile IPO ? Is it a bad or good bet...... help

GMP is 70-80. Good IPO. must apply

what is the GMP of On Mobile globle, can any one throw some lite.

i think this is a very good ipo as you know that CRISIL has given 4 out of 5. so every one should apply this issue

Overpriced. This company is just opposite my house, but I will still not buy it. they cannot cheat us like how dhanus and tanla did. a fair price would have been about 160-180.

Dont go for this ipo. Remember like Dhanus which is inthe same moral bussiness. if u have a lot of money u can put in to Thirupathi Hundi better than this ipo. Pls don go this ipo this is the over priced one also. If u think u should need this company u can get in to secondary market at cheaper price.

it is good issue