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Tanuj · 19-07-07

New Delhi-based real estate player, Omaxe - IPO (initial public offering) received over subscription of 3.14 times on second day, Jul. 18, 2007 (5 p.m.), led by contribution of qualified institutional investors and non institutional investors.

The IPO received 55.97 million bids as against issue size of 17.79 million shares. A total of 1.92 million bids were received at cut off price. Omaxe priced its issue in the range of Rs 265 to Rs 310 a share and the issue closes on July 20. The shares of the company will list on both BSE and NSE.

Omaxe, which commenced operations in 1989, is engaged in real estate development and construction with operations in 30 cities and 9 states in India. Since the inception of the company, it has completed 120 construction projects.

In 2001, Omaxe diversified into the real estate development business with a focus on residential and commercial properties. As of Mar. 31, 2007 Omaxe has completed 8 residential projects covering nearly 5.13 million sq. ft. of area. Omaxe holds 3,255 acres of land reserve including joint ventures and collaborations as of Mar. 31, 2007.

Source: myiris.com
Date: 19/07/07

19-07-07	#2
Tanuj New Member Join Date: Oct 2006 Posts: 45 Thanks: 0 Thanked 0 Times in 0 Posts	Omaxe IPO oversubscribed 3.14 times on day two New Delhi-based real estate player, Omaxe - IPO (initial public offering) received over subscription of 3.14 times on second day, Jul. 18, 2007 (5 p.m.), led by contribution of qualified institutional investors and non institutional investors. The IPO received 55.97 million bids as against issue size of 17.79 million shares. A total of 1.92 million bids were received at cut off price. Omaxe priced its issue in the range of Rs 265 to Rs 310 a share and the issue closes on July 20. The shares of the company will list on both BSE and NSE. Omaxe, which commenced operations in 1989, is engaged in real estate development and construction with operations in 30 cities and 9 states in India. Since the inception of the company, it has completed 120 construction projects. In 2001, Omaxe diversified into the real estate development business with a focus on residential and commercial properties. As of Mar. 31, 2007 Omaxe has completed 8 residential projects covering nearly 5.13 million sq. ft. of area. Omaxe holds 3,255 acres of land reserve including joint ventures and collaborations as of Mar. 31, 2007. Source: myiris.com Date: 19/07/07