OMAXE LIMITED

(Incorporated on March 8, 1989 as Omaxe Builders Private Limited under the Companies Act, 1956. We changed our name to Omaxe Construction Private Limited, which was approved by the Registrar of Companies, National Capital Territory of Delhi and Haryana through their approval letter dated March 4,1997. We converted to a public company with the name of Omaxe Construction Limited by passing a special resolution in terms of section 31/21 read with section 44 of the Companies Act, 1956, which was approved by the Registrar of Companies, National Capital Territory of Delhi and Haryana through their approval letter dated August 10, 1999. We changed our name to Omaxe Limited with effect from June 6, 2006.) Registered Office: 7, Local Shopping Centre, Kalkaji, New Delhi 110 019, India.
Tel:+91 11 41893100 / 41896680-85 Fax: +91 41896653 / 41896655 / 41896799
Contact Person: Mr. Venkat Rao, Company Secretary
Email: ipo@omaxe.com. Website: www.omaxe.com

THE FACE VALUE OF EQUITY SHARE IS RS. 10/- EACH. THE ISSUE PRICE OF RS 310/- EACH IS 31 TIMES OF THE FACE VALUE

Global Coordinators and  joint Book running Lead Managers are DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited and UBS Securities India Private Limited, Book Running Lead Manager is JM Financial Consultants Private Limited, and Co-Book Running Lead Manager is ICICI Securities Primary Dealership Limited, the Equity Shares of the Company are proposed to be listed on The Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and trading is expected to start on or around August 10,2007. In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the post-lssue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Net Issue shall be allocated on a proportionate basis to QIB Bidders, out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above Issue price. If at least 60% of the Net Issue cannot be allocated to QIB Bidders, then the entire application money will be refunded forthwith. Further, not less than 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Instltutional Bidders and not less than 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, up to 296,520 Equity Shares shall be available for allocation on a proportionate basis to the Employees, subject to valid Bids being received at or above the Issue Price. In addition, in accordance with Rule 19(2}(b) of the SCRR, a minimum of two million securities are being offered to the public and the size of the Net Issue shall aggregate to at least Rs. 100.00 crores. The Company has not, opted for grading of the Issue.
The issue received 4,58,544 applications for 1,21,18,96,980 Equity Shares resulting in 62. times subscription. The details of the applications received in the Issue from QIBs, Non Institutional Bidders, Retail Individual Bidders and Eligible Employees (Before technical rejections) are as under:

Final Demand
A summary of the final demand at various price levels as per the electronic book is given below:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange ("BSE") on August 1,2007. The IPO Committee of Directors of the Company at its meeting held on August 2, 2007 approved the Basis of Allocation of Equity Shares in the Issue and has allotted equity Shares to various successful applicants.

A) Allocation to Non Institutional Bidders:
This category (net of technical rejections) was over subscribed 71.6437 times. The total number of shares allotted in this category Is 1924992 Equity Shares. The category wise details of the Basis of Allocation in this category are as under (Sample):

B) Allocation to Retail Individual Bidders:

This category (net of technical rejections) was over subscribed 12.144457 times. The total number of shares allotted In this category Is 5775008 Equity Shares. The category wise details of the Basis of Allocation in this category are as under:

C) Allocation to Eligible Employees

This category (net of technical rejections) was over subscribed 1.109133 times. The total number of shares . allotted in this category is 296520 Equity Shares. The category wise details of the Basis of Allocation in this category are as under (Sample):

D) Allocation to Qualified  Institutional Buyers

The Refund Orders due to applicants will be dispatched to the address of the investors as registered with the depositories on August 3,2007. in case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over printed with the bank mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on August 3,20O7. The listing will be filed with the BSE and NSE on August 3,2007 and the Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within seven working days from the date of approval of the Basis of Allocation.

Investors Please Note:

The details of allocation made would be hosted on the website of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
Further correspondence in respect of allotment of Equity Shares pertaining to the Issue may be addressed to the Registrar to the Issue, Intime Spectrum Registry Limited, quoting full name of the First/ Sole Applicant, Serial Number of the Bid cum Application Form, Number of Equity shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below:

Intime Spectrum Registry Ltd.
C-13, Pannalal Silk Mils Compound,
L.B.S. Road, Bhandup West, Mumbai - 400 078,
Tel.: (022) 2596 0320 Fax: (022) 2596 0329,
E-mail: gbn-ipo@intimespectrum.com
Contact Person: Mr. Salim Shaikh

"This communication is intended for release solely in India and may not be released in the United States. This communication is not an offer of securities for sale in any jurisdiction, including the United States. The securities have not been and will not be registered under the U .S. Securities Act of 1933, as amended, and may not be offered or sold to the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended."