Omaxe fixes price band at Rs 265-310

Mumbai, Jul 10 (UNI) Real estate player Omaxe Limited is coming out with an initial public offer (IPO), in which the company will sell 1.7 crore shares to the public.

The Company has fixed the price band at Rs 265-Rs 310.

The offer, which is likely to open on July 17 and close on July 20, will be held through cent per cent book bulding process.

The Issue would constitute 11.20 per cent of the fully diluted post-issue paid up capital of the Company.

Omaxe, which has operations in 30 cities and 9 States in India, is mainly involved in residential and commercial real estate development projects.

JM Morgan Stanley Private Limited is the Book Running Lead Manager (BRLM) with DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited and UBS Securities India Private Limited as the Joint Book Running Lead Managers.

UNI