Omaxe Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India sea property (SEBI) for a public issue of up to 17,796,520 equity shares.

Of the total equity float, up to 17,500,000 equity shares are for the public, while the balance up to 296,520 shares are reserved for eligible employees of the Company. Additionally, there will also be a green shoe option of 1,750,000 equity shares. The issue would constitute 11.20 % of the fully diluted post issue paid up capital of the Company (assuming the green shoe option is exercised) and shall constitute 10.30 % 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% book building process. A minimum of 60 per cent of the net offer to the public shall be allocated to Qualified Institutional Buyers (QIBs), up to 30 per cent shall be available for allocation on a proportionate basis to the retail bidders and 10% shall be available for allocation on a proportionate basis to Non Institutional Bidders. The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Omaxe is not making an offer of securities for sale in the United States. The equity shares offered have not been registered under the U.S. Securities Act of 1933.