MobME Wireless has filed a draft red herring prospectus with the SME platform of the National Stock Exchange ahead of its proposed initial public offer.
“The company will offer 7,05,600 equity shares of face value of Rs 10,” Sanjay Vijayakumar Chief Executive Officer said.
KINDLING A FIRE
GMA Capital Partners, a Kochi-based boutique corporate finance firm, is advising MobME on the IPO.
“More than the quantum, what makes it special is that this can kindle a fire in the belly of youngsters who dare to dream big,” Vijayakumar, co-founder of the student start-up firm, said.
“We started MobME in college. After six years, we are now gearing up for our next round of growth. This will give many more people the chance to be part of our exciting journey.”
MobME specialises in mobile value-added services (VAS) and enterprise solutions.
Its initiatives for Kerala were recognised in the World Bank report titled ‘Maximising Mobile’ in 2012.
TWO PATENTS
The company has filed for two patents and has 21 trademarks. It got recognition from the Ministry of Science and Technology in 2011.
It has also secured ISO 9001 certification for providing telecom value-added services in 2010.
It teamed up with the National Science & Technology Entrepreneurship Development Board and Technopark, Thiruvananthapuram, to set up the country’s first public-private partnership technology business incubator.
It houses the Indian Telecom Innovation Hub, popularly known as ‘Startup Village’ in Kochi.
DIGITAL SIGNATURES
“We are currently putting together a mobile identity ecosystem, Mobile Express,” Vijayakumar said.
It uses mobile digital signatures to allow users to digitally authenticate transactions.
This is expected to promote mass adoption of digital signature technology, Vijayakumar said.