MobME to Go Public

>>MobME – an IT company launched six years in Technopark by a bunch of youngsters – is all set to script history by becoming the first ever software firm from Kerala to go public.  Addressing reporters at the College of Engineering here from where it all began, the young entrepreneurs said they bunked classes, raised capital by selling mobile SIM cards and recharge coupons to friends and dreamt big by floating MobME – which develops mobile application software – from the campus.  Six years back when their classmates were filling up application forms for their examinations, these students were filling up documents to officially register a technology start-up with the registrar of companies and Technopark Incubator here.

They have appointed IDBI Capital Market Services Limited as the merchant banker for the planned IPO on an (small and medium enterprises) SME Exchange.  MobME, with 100-plus staff is headquartered at Kochi and has clients like Vodafone, Airtel, Aircel, Idea, Tata, BSNL and MTNL. Media companies like NDTV, Network 18, AFP and Hay market as well as enterprises like Kerala Tourism, Axis Bank and HCL Technologies are also its clients.

MobME’s R&D (research and development) unit has successfully developed indigenous state of the art network technologies and solutions for the Indian telecommunications market, including several telecom operators.