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Omaxe Files Draft Red Herring Prospectus
Of the total equity float, up to 17,500,000 equity shares are for the public, while the balance 296,520 shares are reserved for eligible employees of the company. Additionally, there will also be a green shoe option of 1,750,000 equity shares. The issue would constitute 11.20 % of the fully diluted post-issue paid-p capital of the cmpany (assuming the green shoe option is exercised) and shall constitute 10.30% of the fully diluted post-issue paid-up capital of the Company (assuming the green shoe option is not exercised).
While the face value of the equity shares is Rs 10 each, the pricing of the issue is to be determined through 100% book building process. A minimum of 60% f the net offer to the public shall be allocated to Qualified Institutional Buyers (QIBs), up o 30% shall be available for allocation on a proportionate basis to the retail bidders and 10% shall be available for allocation on a proportionate basis to Non-Institutional Bidders.
The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The copany has appointed DSP Merrill Lynch Ltd, Citigroup Global Markets India Pvt Ltd, & UBS Securities India Pvt Ltd as the gobal cordinators and joint book running lead managers. JM Morgan Stanley Pvt Ltd is the Book Running Lead Manager and ICICI Securities Ltd is the Co-Book Running Lead Manager.
cheerio!
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