Omaxe Ltd IPO to hit markets on 17 July, 2007

The Initial Public Offering (IPO) of Omaxe Ltd is set to hit markets on 17 July, 2007. The company is coming out with an Initial Public Offering (IPO) of 17796520 equity shares of Rs.10 each for cash at a price band of Rs.265.00 - Rs.310.00 through 100% Book Building process.

The issue also has an green shoe option of upto 17,50,000 equity shares. The IPO opens for subscription on Tuesday - July 17, 2007 and closes on Friday - July 20, 2007.

The Issue shall constitute 11.20% of the fully diluted post-issue capital of the company, assuming the green shoe option is exercised and shall constitute 10.30% of the fully diluted post issue equity capital assuming the green shoe option is not exercised.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The Book Running Lead Managers to the issue are DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, UBS Securities India Private Limited, JM Financial Consultants Private Limited. The Co-Book Running Lead Manager to the issue is ICICI Securities Primary Dealership Limited.

Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to view the website of Omaxe Ltd

Click Here to view the prospectus of Omaxe Ltd

Source : Equity Bulls

Keywords