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Omaxe sets IPO issue price at Rs310 per share

Omaxe sets IPO issue price at Rs310 per share
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First Published: Wed, Jul 25 2007. 06 46 PM IST
Updated: Wed, Jul 25 2007. 06 46 PM IST
New Delhi: Real estate developer Omaxe Ltd said it had fixed the issue price of its initial public offering at Rs310 a share, the upper end of its price band.
Omaxe had offered 17.8 million shares in the issue that closed on 20 July 2007.
It said the issue was oversubscribed around 68 times.
The company, which predominantly operates in northern parts of the country, said the issue, including a greenshoe option of 1.75 million shares, will constitute 11.2% of its equity.
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First Published: Wed, Jul 25 2007. 06 46 PM IST
More Topics: Omaxe | IPO | Real estate | Money Matters | IPOs |