Omaxe to go public, files DRHP with SEBI

New Delhi, Dec 22 (UNI) Omaxe Ltd will enter into the capital market and issue 17,796,520 equity shares of Rs 10 each through a 100 per cent book-building process.

''The company has filed a Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI),'' a statement said.

Out of the total shares, 17,500,000 equity shares will be reserved for public, while the rest 2,96,520 shares are reserved for eligible employees of the company.

In addition, there will also be a green shoe option of 1,750,000 equity shares.

A minimum of 60 per cent of the net offer to the public shall be allocated to Qualified Institutional Buyers (QIBs), upto 30 per cent shall be available for allocation on a proportionate basis to the retail bidders and 10 per cent shall be available for allocation on a proportionate basis to Non-Institutional Bidders.

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