Omaxe Ltd IPO receives 68.34 times subscription

The Initial Public Offering (IPO) of Omaxe Ltd IPO has received overwhelming response from investors with the company receiving subscription of 68.34 times. The IPO opened for subscription on July 17, 2007 and closed for subscription on July 20, 2007.

The company has received total bids for 1216188220 equity shares against the offer of 17796520 equity shares. The company has received bids for 70222520 equity shares at cut-off price.

The company issued 17796520 Equity Shares (Excluding Green Shoe Option of 1750000 Equity Shares) at a price band of Rs.265/- to Rs.310/-

Out of the issue the Qualified Institutional Buyers (QIBs) portion received bids for 1000893560 equity shares against the offer of 10500000 equity shares resulting in a subscription of 95.3232 times.

The Non Institutional Investors portion of the issue received subscription of 81.1579 times with bids for 142026240 equity shares against the offer of 1750000 equity shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 72931660 equity shares against the offer of 5250000 equity shares resulting in a subscription of 13.8917 times. The Employee Reservation of the issue received subscription of 1.1357 times with bids for 336760 shares against the offer 296520 equity shares.

Source : Equity Bulls

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