OnMobile Global IPO Basis of Allotment

OnMobile Global Limited

(Our Company was originally as 'Onscan Technologies India Private Limited on September 27,2000. Subsequently the name was changed to OnMobile Asia Pacific Private Limited on April 10,2001 and the name was again changed to OnMobile Global Limited on August 17,2007.
Registered Office: 26, Bannerghatta Road, J P Nagar, 3rd Phase, Bangalore 560 076  India www.onmobile.com

PUBLIC ISSUE OF 1,09,00,545 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS 440 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 430 PER EQUITY SHARE, AGGREGATING RS. 47962.39 LACS (THE 'ISSUE') BY ONMOBILE GLOBAL LIMITED (THE 'COMPANY OR 'THE ISSUER'). THE ISSUE COMPRISED A FRESH ISSUE OF 86,13,356 AND AN OFFER FOR SALE OF 22,87,189 SHARES OF RS. 10 EACH. THE ISSUE WILL CONSTITUTE 18.99% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 440/- AND IT IS 44 TIMES THE FACE VALUE.
The Equity Shares of the Company are proposed to be listed on the National Stock Exchange of India Limited ('NSE') and the Bombay Stock Exchange Limrted ('BSE').
The Issue made through the 100% Book Building Process wherein at least 60% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 37,738 applications for 11,83,43,547 equity shares resulting in 10.85 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)

Final Demand
A sample of the final demand at different bid prices Is as under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on February 8, 2008. The final demand at different bid prices and allocation of shares In following 3 categories is as under:
A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.440/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.115325 times. The total number of shares allotted in this category is 32,70,164 Equity Shares to 36,462 successful applicants. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.440/- per Equity Share, was finalized in consultation with BSE. The category was over- subscribed 2.195630 times. The total number of shares allotted in this category is 10,90,054 Equity Shares to 119 successful applicants. The category-wise details of the Basis of Allocation (sample) are as under:

C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (3,27,016) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (62,13,311) on proportionate basis.

The Board of Directors of the Company at its Meeting held at Hyderabad on February 9, 2008 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrars to the issue, Karvy Computershare Private Limited at http://kcpl.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ONMOBILE GLOBAL LIMITED.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the tact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, refer to the section titled 'Risk Factors' in the Prospectus which is available on the website of SEBI at www.sebi.gov.in and on the websites of the BRLMs at www.db.com/india and www.icicisecurities.com. This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer for sale or solicitation of an offer to buy securities in the United States, or any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities described in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act.