this is another south indian company pl dont invest ur hard earned money,remember what happened with puravankara and brigade, they just loot money,be smart this time
It is a very good issue, look where the company has reached in just 7 years of its operation, it has become the no. 1 VAS player in india. Everybody see it as a Rising star on Horizon, look at the link below: http://economictimes.indiatimes.com/articleshow/msid-969113,prtpage-1.cms
Onmobile is the best issue in the recent times. Its management is of Infosys and infy is its parent company. And it is from the booming space of the Telecom. Also it does not depend on a single operator for its services. Future prospects of the company and its products are very bright. Telecom operators are getting 8-10% of their revenues because of VAS and Onmobile is biggest VAS player. Some of its shareholder include : Infy, Goldman Sachs, Deutsche Bank, Polygon Investments and Argo Global.
Because of all this i think it will definately going to be a multibagger in the future.
BEWARE OF SUCH OVERPRICED IPOs. THINK 10 times before blocking ur hard earned money for 21 days. Take advantage of current bear run and gather some fundamentally strong scrips like INFY, L&T, Bharat Bijlee etc. instead of running after IPO mirage and expecting quick buck.