Date: 03.08.2007Incorporated 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%.
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 :
»» Payments related to land,
»» Repayment of loan and
»» Development and construction cost of some of its projects.
»» Repayment of loan and
»» Development and construction cost of some of its projects.
»» Public Issue Open : July 17, 2007 to July 20, 2007
»» Public Issue Type : 100% Book Building Issue (Initial Public Offer IPO )
»» Public Issue Size: 17,796,520 Equity Shares of Rs.10/- each
»» Pre / Post Issue Promoter Holding: 100% / 88.8%
»» Public Issue Price: Rs. 265/- to Rs. 310/- Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE