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
BASIS OF ALLOTMENT
PUBUC ISSUE OF UP T0 17,796,520 EQUITY SHARES OF Rs. 10 EACH ("EQUITY
SHARES") FOR CASH AT A PRICE OF RS. 310 PER EQUITY SHARE AGGREGATING RS, 5,51652
MILLION BY OMAXE LIMITED ("OMAXE", "THE COMPANY" OR "THE
ISSUER"). ADDITIONALLY, THERE IS A GREEN SHOE OPTION OF UP T0 1,750,000 EQUITY SHARES
TO BE OFFERRED FOR CASH AT A PRICE OF RS. 310 PER EQUITY SHARE, AGGREGATING RS. 54250
MILLION. THE ISSUE SHALL CONSTITUTE 11.20% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF THE
COMPANY, ASSUMING THE GREEN SHOE OPTION IS EXERCISED AND SHALL CONSTITUTE 10.30% OF THE
FULLY DILUTED POST-ISSUE CAPITAL OF THE COMPANY, ASSUMING THE GREEN SHOE OPTION IS NOT
EXERCISED. THE FRESH ISSUE AND THE GREEN SHOE OPTION ARE JOINTLY REFERRED TO AS THE
"ISSUE". 296520 EQUITY SHARES OF RS. 310 EACH WILL BE RESERVED IN THE ISSUE FOR
SUBSCRIPTION BY EMPLOYEES (AS DEFINED HEREIN) (THE "EMPLOYEE RESERVATION
PORTION"). THE ISSUE OTHER THAN THE EMPLOYEE RESERVATION PORTION SHALL BE CALLED THE
"NET ISSUE".
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:
Category |
No. of applications |
No. of shares |
Subscription
(No. of times) |
Retail Individual Bidders |
456086 |
71586860 |
12.3960 |
Non Institutional Bidders |
1642 |
138656620 |
72.0294 |
QIBs |
287 |
1001317120 |
86.6941 |
Eligible Employees |
529 |
336380 |
1.1344 |
Final Demand
A summary of the final demand at various price levels as per the electronic book is given
below:
Bid Price |
No. of
Applications |
No. of Shares |
% to Total |
Cumulative
no. of Shares |
Cumulative % to
Total |
265 |
1678 |
4965460 |
0.4043 |
1228143340 |
100.0000 |
266 |
25 |
1500 |
0.0001 |
1223177880 |
99.5957 |
267 |
7 |
680 |
0.0001 |
1223176380 |
99.5956 |
268 |
11 |
1360 |
0.0001 |
1223175700 |
99.5955 |
269 |
3 |
100 |
0.0000 |
1223174340 |
99.5954 |
270 |
242 |
1363980 |
0.1111 |
1223174240 |
99.5954 |
271 |
4 |
680 |
0.0001 |
1221810260 |
99.4843 |
272 |
3 |
260 |
0.0000 |
1221809580 |
99.4843 |
273 |
5 |
620 |
0.0001 |
1221809320 |
99.4843 |
275 |
391 |
80440 |
0.0065 |
1221808700 |
99.4842 |
276 |
7 |
1560 |
0.0001 |
1221728260 |
99.4777 |
277 |
110 |
38820 |
0.0032 |
1221726700 |
99.4775 |
278 |
3 |
480 |
0.0000 |
1221687880 |
99.4744 |
279 |
3 |
440 |
0.0000 |
1221687400 |
99.4743 |
2B0 |
310 |
54540 |
0.0044 |
1221686960 |
99.4743 |
281 |
3 |
460 |
0.0000 |
1221632420 |
99.4699 |
282 |
5 |
220 |
0.0000 |
1221631960 |
99.4698 |
283 |
1 |
60 |
0,0000 |
1221631740 |
99.4698 |
284 |
3 |
660 |
0.0001 |
1221631680 |
99.4698 |
285 |
269 |
46960 |
0.0038 |
1221631020 |
99.4697 |
286 |
3 |
540 |
0.0000 |
1221584060 |
99.4659 |
287 |
18 |
3400 |
0.0003 |
1221583520 |
99.4659 |
288 |
26 |
5900 |
0.0005 |
1221580120 |
99,4656 |
289 |
2 |
620 |
0.0001 |
1221574220 |
99.4651 |
290 |
1194 |
5867020 |
0.4777 |
1221573600 |
99.4651 |
291 |
58 |
18220 |
0.0015 |
1215706580 |
98,9874 |
292 |
6 |
1160 |
0.0001 |
1215688360 |
98.9859 |
293 |
27 |
8560 |
0.0007 |
1215687200 |
98.9858 |
294 |
98 |
34660 |
0.0028 |
1215678640 |
98.9851 |
295 |
148 |
16080 |
0.0013 |
1215643980 |
98.9823 |
296 |
4 |
380 |
0.0000 |
1215627900 |
98.9809 |
297 |
3 |
100 |
0.0000 |
1215627520 |
98.9809 |
298 |
6 |
340 |
0.0000 |
1215627420 |
98.9809 |
299 |
2 |
140 |
0.0000 |
1215627080 |
98.9809 |
300 |
745 |
355640 |
0.0290 |
1215626940 |
98.9809 |
301 |
8 |
5160 |
0.0004 |
1215271300 |
98.9519 |
302 |
4 |
420 |
0.0000 |
1215266140 |
98.9515 |
303 |
1 |
20 |
0.0000 |
1215265720 |
98.9515 |
304 |
1 |
100 |
0.0000 |
1215265700 |
98.9515 |
305 |
101 |
29180 |
0.0024 |
1215265600 |
98.9514 |
306 |
3 |
100 |
0.0000 |
1215236420 |
98.9491 |
307 |
4 |
200 |
0.0000 |
1215236320 |
98.9491 |
308 |
19 |
27460 |
0.0022 |
1215236120 |
98.9490 |
309 |
19 |
28820 |
0.0023 |
1215208660 |
96.9468 |
310 |
23863 |
1144944580 |
93.2256 |
1215179840 |
98.9445 |
9999 |
440560 |
70235260 |
5.7188 |
70235260 |
5.7188 |
TOTAL |
|
1228143340 |
|
|
|
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):
Category |
No. of
Applications |
% to total |
No. of Equity
Shares applied |
% to total |
No. of
Equity Shares
allocated |
Ratio |
Total No. of
Equity Shares
allocated |
340 |
55 |
4.41 |
18700 |
0.01 |
20 |
13:55 |
260 |
440 |
2 |
0.16 |
880 |
0 |
20 |
1:2 |
20 |
600. |
32 |
2.57 |
19200 |
0.01 |
20 |
13:32 |
260 |
740 |
2 |
0.16 |
1480 |
0 |
20 |
1:2 |
20 |
960 |
11 |
0.88 |
10560 |
0.01 |
20 |
7:11 |
140 |
1140 |
4 |
0.32 |
4560 |
0 |
20 |
3:4 |
60 |
1420 |
2 |
0.16 |
2840 |
0 |
20 |
FIRM |
40 |
1660 |
1 |
0.08 |
1660 |
0 |
23 |
FIRM |
23 |
2260 |
4 |
0.32 |
9040 |
0.01 |
32 |
FIRM |
128 |
3420 |
1 |
0.08 |
3420 |
0 |
48 |
FIRM |
48 |
4500 |
3 |
0.24 |
13500 |
0.01 |
63 |
FIRM |
189 |
6000 |
5 |
0.4 |
30000 |
0.02 |
84 |
FIRM |
420 |
6760 |
1 |
0.08 |
6760 |
0 |
94 |
FIRM |
94 |
8700 |
1 |
0.08 |
8700 |
0.01 |
121 |
FIRM |
121 |
12900 |
2 |
0.16 |
25800 |
0.02 |
180 |
FIRM |
360 |
16360 |
1 |
0.08 |
16360 |
0.01 |
228 |
FIRM |
228 |
19300 |
1 |
0.08 |
19300 |
0.01 |
269 |
FIRM |
269 |
23000 |
1 |
0.08 |
23000 |
0.02 |
321 |
FIRM |
321 |
31000 |
1 |
0.08 |
31000 |
0.02 |
433 |
FIRM |
433 |
45000 |
3 |
0.24 |
135000 |
0.1 |
628 |
FIRM |
1884 |
64600 |
2 |
0.16 |
129200 |
0.09 |
902 |
FIRM |
1804 |
70000 |
1 |
0.08 |
70000 |
0.05 |
977 |
FIRM |
977 |
88000 |
1 |
0.08 |
88000 |
0.06 |
1228 |
FIRM |
1228 |
112900 |
1 |
0.08 |
112900 |
0.08 |
1576 |
FIRM |
1576 |
161180 |
1 |
0.08 |
161180 |
0.12 |
2250 |
FIRM |
2250 |
175800 |
1 |
0,08 |
175800 |
0.13 |
2454 |
FIRM |
2454 |
300000 |
2 |
0.16 |
600000 |
0.44 |
4188 |
FIRM |
8376 |
325000 |
1 |
0.08 |
325000 |
0.24 |
4536 |
FIRM |
4536 |
400000 |
2 |
0.16 |
800000 |
0.58 |
5583 |
FIRM |
11166 |
483860 |
1 |
0.08 |
483860 |
0.35 |
6754 |
FIRM |
6754 |
600000 |
2 |
0.16 |
1200000 |
0.87 |
8375 |
FIRM |
16750 |
770000 |
2 |
0.16 |
1540000 |
1.12 |
10748 |
FIRM |
21496 |
834000 |
2 |
0.16 |
1668000 |
1.21 |
11641 |
FIRM |
23282 |
1075200 |
1 |
0.08 |
1075200 |
0.78 |
15008 |
FIRM |
15008 |
1300000 |
1 |
0.08 |
1300000 |
0.94 |
. 18145 |
FIRM |
18145 |
1698000 |
2 |
0.16 |
3396000 |
2.46 |
23701 |
FIRM |
47402 |
2350000 |
1 |
0.08 |
2350000 |
1.7 |
32801 |
FIRM |
32801 |
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:
Category |
No. of
Applications |
% to
total |
No. of Equity
Shares applied |
% to
total |
No. of Equity
Shares
allocated |
Ratio |
Total No. of
Equity Shares
allocated |
20 |
56274 |
12.66 |
1125480 |
1.60 |
20 |
8:97 |
92820 |
40 |
46772 |
10.52 |
1870880 |
2.67 |
20 |
16:97 |
154300 |
60 |
34775 |
7.82 |
2086500 |
2.98 |
20 |
12:49 |
170640 |
80 |
19588 |
4.41 |
1567040 |
2.23 |
20 |
33:100 |
129280 |
100 |
54373 |
12.23 |
5437300 |
7.75 |
20 |
41:100 |
446280 |
120 |
10561 |
2.38 |
1267320 |
1.81 |
20 |
49:100 |
103840 |
140 |
10052 |
2.26 |
1407280 |
2.01 |
20 |
60:101 |
119420 |
160 |
58253 |
13.11 |
9320480 |
13.29 |
20 |
67:101 |
772860 |
180 |
4494 |
1.01 |
808920 |
1.15 |
20 |
4:5 |
71900 |
200 |
14884 |
3.35 |
2976800 |
4.24 |
20 |
9:10 |
267920 |
220 |
1976 |
0.44 |
434720 |
0.62 |
20 |
FIRM |
39520 |
240 |
2629 |
0.59 |
630960 |
0.90 |
20 |
FIRM |
52580 |
260 |
1784 |
0.40 |
463840 |
0.66 |
21 |
FIRM |
37464 |
280 |
1212 |
0.27 |
339360 |
0.48 |
23 |
FIRM |
27876 |
300 |
9636 |
2.17 |
2890800 |
4.12 |
25 |
FIRM |
240900 |
320 |
117208 |
26.37 |
37506560 |
53.48 |
26 |
FIRM |
3047408 |
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):
Category |
No. of
Applications |
% to total |
No. of Equity
Shares
applied |
% to total |
No. of
Equity Shares
allocated
|
Ratio |
Total No. of
Equity Shares
allocated |
20 |
2 |
0.4 |
40 |
0.01 |
20 |
FIRM |
40 |
100 |
30 |
6.04 |
3000 |
0.91 |
90 |
FIRM |
2700 |
200 |
22 |
4.43 |
4400 |
1.34 |
180 |
FIRM |
3960 |
320 |
18 |
3.62 |
5760 |
1.75 |
289 |
FIRM |
5202 |
400 |
6 |
1.21 |
2400 |
0.73 |
361 |
FIRM |
2166 |
520 |
2 |
0.4 |
1040 |
0.32 |
469 |
FIRM |
938 |
620 |
1 |
0.2 |
620 |
0.19 |
559 |
FIRM |
559 |
780 |
5 |
1.01 |
3900 |
1.19 |
703 |
FIRM |
3515 |
920 |
2 |
0.4 |
1840 |
0.56 |
830 |
FIRM |
1660 |
1060 |
2 |
0.4 |
2120 |
0.64 |
956 |
FIRM |
1912 |
1260 |
2 |
0.4 |
2520 |
0.77 |
1136 |
FIRM |
2272 |
1460 |
4 |
0.8 |
5840 |
1.78 |
1316 |
FIRM |
5264 |
1680 |
1 |
0.2 |
1680 |
0.51 |
1515 |
FIRM |
1515 |
2260 |
1 |
0.2 |
2260 |
0.69 |
2038 |
FIRM |
2038 |
3220 |
1 |
0.2 |
3220 |
0.98 |
2903 |
FIRM |
2903 |
4900 |
1 |
0.2 |
4900 |
1.49 |
4418 |
FIRM |
4418 |
16120 |
1 |
0.2 |
16120 |
4.9 |
14540 |
FIRM |
14540 |
D) Allocation to Qualified Institutional Buyers
Category |
Financial Institutional/Banks |
Mutual Funds |
Foreign Institutional Investors |
Insurance Companies |
Vcs |
No.of Equity.Shares |
1087933 |
2335151 |
7389428 |
681587 |
55901 |
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
Place: New Delhi
Date: August 4,2007 |
For Omaxe Limited
On Behalf of the Board of Directors
Sd/-
Authorized Signatory |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE
INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS
PROSPECTS OF OMAXE LIMITED. |
"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." |