Bookbuilding IPO | ₹606 Cr | Listed at BSE, NSE | Tue, Jul 17, 2007 - Fri, Jul 20, 2007
Omaxe IPO is a book build issue of ₹605.94 crores. The issue is entirely a fresh issue of 1.95 crore shares of ₹605.94 crore.
Omaxe IPO bidding started from Jul 17, 2007 and ended on Jul 20, 2007. The shares got listed on BSE, NSE on Aug 9, 2007.
Omaxe IPO price band is set at ₹310 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,200 (20 shares) (based on upper price). The lot size investment for sNII is 33 lots (660 shares), amounting to ₹2,04,600, and for bNII, it is 162 lots (3,240 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 2,96,520 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Omaxe IPO RHP for detailed Information.
IPO Open
Tue, Jul 17, 2007
IPO Close
Fri, Jul 20, 2007
Issue Price
₹310 per share
Market Cap (Pre-IPO)
₹5,409.50 Cr
| IPO Date | 17 to 20 Jul, 2007 |
| Listed on | Thu, Aug 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹265 to ₹310 |
| Issue Price | ₹310 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,95,46,520 shares (agg. up to ₹606 Cr) |
| Fresh Issue | 1,95,46,520 shares (agg. up to ₹606 Cr) |
| Share Holding Pre Issue | 15,49,53,480 shares |
| Share Holding Post Issue | 17,45,00,000 shares |
| BSE Script Code / NSE Symbol | 532880 / OMAXE |
| ISIN | INE800H01010 |
Omaxe IPO comprises a total issue size of 1,95,46,520 shares. The net offer to the public is 1,92,50,000 shares, after excluding 2,96,520 shares under a preferential allotment. Of the Net offer 1,15,50,000 (60.00%) are allocated to QIB, 19,25,000 (10.00%) allocated to NII 57,75,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,15,50,000 | 60.00% | 59.09% | NA |
| NII (HNI) Shares Offered | 19,25,000 | 10.00% | 9.85% | NA |
| Retail Shares Offered | 57,75,000 | 30.00% | 29.54% | 2,88,750 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,96,520 | 1.52% | NA | |
| Total Shares Offered | 1,95,46,520 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 32 | 640 | ₹1,98,400 |
| S-HNI (Min) | 33 | 660 | ₹2,04,600 |
| S-HNI (Max) | 161 | 3,220 | ₹9,98,200 |
| B-HNI (Min) | 162 | 3,240 | ₹10,04,400 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1989, Omaxe Limited is a real estate development and construction company with operations in 30 cities and 9 States in India. Omaxe Limited is involve in residential and commercial real estate development projects ranging from integrated townships, group housing and retail and other commercial properties, hotels, information technology and bio-tech parks to special economic zones. Omaxe's operations span across all aspects of real estate development, from the identification and acquisition of land, to the planning, execution and marketing of projects.
As of September 30, 2006 Omaxe had completed more than 120 construction projects and had access to land reserves of approximately 3,052 acres. As of September 30, 2006, Omaxe had 46 current residential and commercial projects consisting of 19 group housing projects, 13 integrated townships, 13 shopping malls and commercial complexes and 1 hotel.
On November 21, 2006, Omaxe entered into a joint venture with Azorim International Holdings Limited, which is part of a leading Israeli real estate development group. The joint venture is for the construction and development of project ‘Omaxe Forest’, an ultra-luxury group housing development in Faridabad.
Omaxe's revenues have grown from Rs. 1,455.56 million in Fiscal 2003 to Rs. 8,193.18 million in Fiscal 2006, at a CAGR of 77.89% and profit after tax and minority interest increased from Rs. 49.72 million in Fiscal 2003 to Rs. 1,207.31 million in Fiscal 2006, at a CAGR of 189.58%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payments related to Land | 325.00 |
| 2 | Repayment of Loan | 200.00 |
| 3 | Development and Construction Cost | 150.01 |
| 4 | General Corporate Expenses/Working Capital Requirement |
| KPI | |
|---|---|
| RoNW | 56.39% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 88.8% |
| Market Cap | ₹5,409.50 Cr. |
The Omaxe IPO is subscribed 68.34 times on July 20, 2007 5:00:00 PM (Day 4). The public issue subscribed 13.89 times in the retail category, 95.32 times in the QIB category, and 81.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹310.00 | ₹310.00 |
| Open | ₹400.00 | ₹410.00 |
| Low | ₹341.50 | ₹341.40 |
| High | ₹410.00 | ₹448.00 |
| Last Trade | ₹349.95 | ₹349.35 |
Omaxe IPO is a main-board IPO of 1,95,46,520 equity shares of the face value of ₹10 aggregating up to ₹606 Crores. The issue is priced at ₹310 per share. The minimum order quantity is 20.
The IPO opens on Tue, Jul 17, 2007, and closes on Fri, Jul 20, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Omaxe IPO using UPI as a payment gateway. Zerodha customers can apply in Omaxe IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Omaxe IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Omaxe IPO opens on Tue, Jul 17, 2007 and closes on Fri, Jul 20, 2007.
Omaxe IPO lot size is 20, and the minimum amount required for application is ₹6,200.
You can apply in Omaxe IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Omaxe IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Omaxe IPO allotment status.
The Omaxe IPO listing date is on Thu, Aug 9, 2007.
