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Our Bureau

Issue has greenshoe option too

New Delhi , Dec. 22

Omaxe Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for a public issue of up to 1.78 crore equity shares.

Of the total issue, up to 1.75 crore equity shares are for the public, while the balance of up to 2.96 lakh shares are reserved for eligible employees of the company.

Additionally, there will also be a greenshoe option of 17.5 lakh 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, up to 30 per cent shall be available for allocation on a proportionate basis to the retail bidders and 10 per cent shall be available for non-institutional bidders.

The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.

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