Omaxe files Draft Red Herring Prospectus with SEBI

Mumbai, Dec 23: Omaxe Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue of upto 17,796,520 equity shares.

Of the total equity float, upto 17,500,000 equity shares are for the public, while the balance upto 296,520 shares are reserved for eligible employees of the Company, said an Omaxe press release.

Additionally, there will also be a green shoe option of 1,750,000 equity shares. The issue would constitute 11.20 per cent of the fully diluted post issue paid up capital of the Company (assuming the green shoe option is exercised) and shall constitute 10.30 per cent 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 per cent book building process.

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.

The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Company has appointed DSP Merrill Lynch, Citigroup Global Markets India&UBS Securities India as the Global Coordinators and Joint Book Running Lead Managers. JM Morgan Stanley is the Book Running Lead Manager and ICICI Securities is the Co-Book Running Lead Manager, while Intime Spectrum Registry is the Registrar to the issue.

UNI