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Omaxe Limited IPO (Omaxe IPO) Detail

Jul 17, 2007 - Jul 20, 2007

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%.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Payments related to land;
2. Repayment of loan;
3. Development and construction cost of some of its projects.

Omaxe IPO Details

IPO Opening Date Jul 17, 2007
IPO Closing Date Jul 20, 2007
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹265 to ₹310 per equity share
Market Lot 20 Shares
Min Order Quantity 20 Shares
Listing At BSE, NSE
Issue Size17,796,520 Eq Shares of ₹10
(aggregating up to ₹551.69 Cr)

Omaxe IPO Lot Size

The Omaxe IPO market lot size is 20 shares. A retail-individual investor can apply for up to 32 lots (640 shares or ₹198,400).

Application Lots Shares Amount (Cut-off)
Minimum 1 20 ₹6,200
Maximum 32 640 ₹198,400

Omaxe IPO Subscription Status (Bidding Detail)

The Omaxe IPO is subscribed 68.34 times on Jul 20, 2007 17:00. The public issue subscribed 13.89 in the retail category, 95.32 in the QIB category, and 81.16 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Omaxe IPO Prospectus

Omaxe IPO Rating

350
3.8
Rating:Rated 3.8 stars
Vote Here ...

Omaxe IPO Listing Date

Listing Date Thursday, August 9, 2007
BSE Script Code 532880
NSE Symbol OMAXE
Listing In A Group of Securities
ISIN INE800H01010
IPO Price ₹310 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹310.00
₹400.00
₹341.50
₹410.00
₹349.95
NSE
₹310.00
₹410.00
₹341.40
₹448.00
₹349.35

Company Contact Information

Omaxe Limited
Omaxe House, 7,
Local Shopping Centre,
Kalkaji, New Delhi, 110 019, India.
Phone: +91-11-41893100
Email: ipo@omaxe.com
Website: http://www.omaxe.com/

Omaxe IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: omaxe-ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Omaxe IPO Reviews / Ratings

  • Business Line - Apply
  • Keynote Capitals Ltd - Apply
  • S P Tulsian - Apply

Omaxe IPO FAQs

Omaxe IPO is a main-board IPO of 17,796,520 equity shares of the face value of ₹10 aggregating up to ₹551.69 Crores. The issue is priced at ₹265 to ₹310 per equity share. The minimum order quantity is 20 Shares.

The IPO opens on Jul 17, 2007, and closes on Jul 20, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Omaxe IPO opens on Jul 17, 2007 and closes on Jul 20, 2007.

Omaxe IPO lot size is 20 Shares and the minimum order quantity is 20 Shares.

You can apply in Omaxe IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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 Thursday, August 9, 2007.

Omaxe IPO Message Board

Ranked Members  Ranked Members

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657. shambulingappa b angadi |Nov 18, 2007 09:26
I am Shambulingappa B Angadi,
Applicant No : 1-1449140
DD No : 239697 Dated : 18/07/2007
Drawn on Branch : Corporation Branch Payable at Bangalore
Status : DD Cleared on 24/07/2007 to Hongkong Bank of Corporation
(Clearance of DD is Confirmed Personaly this is for your
kind information)
I request to Please in to the Matter and arrange to send the refund amount or shares if alloted in
Demat Account : 10139655 (DP ID :IN302316)
AS SOON AS POSSIBLE
SHAMBULINGAPPA B ANGADI
RANEBENNUR
656. HIII |Sep 28, 2007 18:50
is it trading at a P/E of 45.I think its very higha sparsvnath trades at P/E of 20.Please suggest
655. Latha |Sep 18, 2007 13:47
I have applied for 40 Shares during IPO, I have not received the refund till Date. I applied by ICICI direct.com and was informed that the refund will credited through ECS by HDFC bank on 09/08/07. but till date i have not got the refund. Please look in to the matter.

Application No.-13620934
Demat A/c No.-52814242
654. Gangaben Pratapbhai Kataria |Sep 10, 2007 17:41
My Application no. : 61981683
For Rs. 49600/- and share 160

My DPID : 302236
My Client Id : 11165513

Allotment status i had checked on website is " NIL "

But not recd Refund against above application please Informe the Status and reasaon for non recipt of Refund

Pratap Kataria
653. HARDEEP YADAV |Sep 8, 2007 13:12
Sir,
I have applied for 40 Shares during IPO, I have not received the refund till Date . Can you please look in to the matter.

Application No.-64877372
Name of Bank-Canara Bank
Bank Account NO.-12146
Demat A/c No.-1202300000193983

652. Vini |Sep 7, 2007 12:29
HI RAJ/ TANUSHREE, hi to both of you, pls. guys guide me. omax is going up today 340/- i have 100 shares @ 336/- should i book profit and quit and is there any target. pls tell if y have idea. and also omnitech 172/- 100 shares. it reaching now to my price. i don't have to hurry i can wait for 2 months too. thanks
651. narender |Sep 5, 2007 16:11
Brokerage house SSKI's fair value estimate of Omaxe's NAV comes to Rs 448 per share, which gives a 44 per cent upside from the upper band of the price range of Rs 265-310 per share.
Edelweiss has also recommended subscribing to Omaxe IPO. On net present value basis, Edelweiss has estimated Omaxe's net asset value at Rs 400-405 per share. The IPO price band of Rs 265-310 is at a discount of 51-31 per cent to its NAV.
650. strong buy |Sep 2, 2007 16:01
Omaxe bags contract for Delhi Metro Station development
target of omaxe:350+(2 weeks)
649. sadhana toshniwal |Aug 31, 2007 20:24
I apply OMAX IPO through ICICIDIRECT.COM ONLINE Transaction Date:19/07/2007 10:53:38 Transaction ID :3674239 Transaction Type :Original"Name Issue Code :OMAXE LIMITED - OMALIM NEWIPO Application No.13619137 Amt payable :43,400.00Status: Executed Match Account :8501016676 DP ID: IN303028 DP Account 53031689
pl. till i have not received my refund money

648. narender |Aug 27, 2007 11:49
MUMBAI: Brokerages echo in unison to subscribe to Omaxe Ltd's initial public offering, which opened for subscription Tuesday and close Friday.

The public issue consists of 17.8 million equity shares at a price range of Rs 265-310 per share, aiming to raise Rs 550 crore at the upper band of the price range. The issue also has a greenshoe option of up to 1.75 million shares. The company's post-issue capital (without the greenshoe option) will comprise of 172.75 million shares of Rs 10 each.

Brokerage house SSKI's fair value estimate of Omaxe's NAV comes to Rs 448 per share, which gives a 44 per cent upside from the upper band of the price range of Rs 265-310 per share.

"Omaxe, with its established brand name, focus on quality construction and strong execution skills, is well placed to benefit from the rising demand for residential and commercial real estate in India," the brokerage said in its report dated July 16.

Moreover, they believe the company's strengths would ensure strong realisations for all properties, resulting in sustained growth in revenues, profitability and earnings in the future.

Edelweiss has also recommended subscribing to Omaxe IPO. On net present value basis, Edelweiss has estimated Omaxe's net asset value at Rs 400-405 per share. The IPO price band of Rs 265-310 is at a discount of 51-31 per cent to its NAV.

Omaxe has been focused on the NCR region that accounted for 73 per cent of its FY07 revenues. It is however increasingly diversifying its land bank to Tier-2 and Tier-3 cities and currently has presence in 30 cities and 9 states.

It plans to develop 150 million square feet of land over the next 5-6 years, out of which, 31 per cent (46 million square feet) will be in the NCR region. Remaining 69 per cent of Omaxe's land is in Tier-2 and Tier -3 cities. It has 14 million square feet of saleable area in Jaipur and Raipur each. In Patiala and Indore, it owns 12 million square feet and 10 million square feet total saleable land.

India's increased thrust on improving the infrastructure and economic development in Tier 2 and Tier 3 cities is likely to provide Omaxe a big growth opportunity, going forward, the brokerage said in a report.

At the offer price band of Rs 265-310, Emkay Share and Stock Brokers has worked out Omaxe's PE to 17.8-20.8 times 2006-07 (Apr-Mar) EPS of Rs 14.9 (consolidated) on post issue equity of Rs 172.75 crore. According to the brokerage, the company's net asset value stands at Rs 487 per share, which is 57 per cent above the upper band of the price range of Rs 265- Rs 310.

"The company's strong brand image, focus on Tier2 & Tier 3 cities and lower valuations compared to peers will be major positives," said Emkay Shares in a report
647. Karan Lakhanpal |Aug 24, 2007 23:38
I applies for 100 shares of omaxe and have not recieved the refund order till date. Kindly help, My cheque number was 895989 drawn from icic bank kindly help
646. yasin hajee razak |Aug 24, 2007 16:40
I didnt get my refund till yet.Please let me no my status
at the earliest.

my application NO:8 3620426

My account is in AMANATH.CO.OP.BANK LTD.
MANGALORE.
645. Manish |Aug 24, 2007 13:37
Hi,

I had applied to Omaxe IPO, but not received my refund order. I have contacted ipo.helpdesk@intimespectrum.com, they replied saying that they have sent the refund order and pls inquire at the post office. when I inquired at post office, i came to know that the Speed Post details provided in the mail were wrong. I tried calling intime spectrum on phone, but all of them are showing busy. Pathetic service from Intime Spectrum. Can somebody pls guide me on this
644. Vini |Aug 24, 2007 11:36
HI RAJ, thanks god omax is showing recovery i have 100 shares @336/- should i hold . what is the target price and can i go selling ann buying mehtod. or wait what do u suggest
643. SURENDER BANSAL |Aug 23, 2007 16:37
Dear SIR,

I have apply 100 shares of your company" OMAXE LIMITED" against application # 43654472

I have deposit my cheque # 393148 A/c # 630301014319of amount 31000/- of icicibank , branch neelam chowk, Faridabad


Till date i have not received any refund against the same.

Pl. send this amount through ECS in my a/c # 630301014319 of icici bank

OR

Pl. send my refund at following address

Surender kumar bansal
47, Mahavir Colony Ballabgarh- 121004, Faridabad


Pl. response as soon as possible


Regards/ bansal

642. Ketan |Aug 22, 2007 19:32
Hi,
Can any one provide me the guidelines given by SEBI for IPO refund also give me email address to contact sebi
641. M.Srinivas |Aug 21, 2007 12:12
Dear GANGABEN KATARIA,

You have applied for 160 shares it seems. You please check your Bank account once (which is mapped with the DP) and you can also check with the local post office once befor getting this case to Registar.

I will mention below the possible reasons for these type of cases:

1,You might have shifted your house shortly and the new address might not be updated in your DP.

2,There should be any one in the house to receive the refund order through post else they will return back to Mumbai.

You please check with the above reasons once.
640. GANGABEN KATARIA |Aug 21, 2007 12:02
i have not refund order vide my application no 61981683 dated 19.07.2007 of Rs. 49600=00
639. Rao |Aug 20, 2007 12:25
Hi to all,
why this stock is coming down?
is it suggestable to buy at this price
638. munish sharma |Aug 20, 2007 09:31
Dear Sir,
Ihave
plied 100shares application in omaxe but was issued
20 shares till i have not received my refund money of
80 shares.