Tuesday, July 17, 2007

Omaxe IPO: Invest at cut-off

  • Public Issue Start Date: 17 July, 2007
  • Public Issue End Date: 20 July, 2007
  • Issue Size: 1,77,96,520 shares
  • Face Value: Rs.10
  • Price Band: Rs.265 – Rs.310
  • Market Lot: 20 shares
  • Minimum Quantity: 20 shares
  • Website : http://www.omaxe.com/

Recommandations:

  • First Global - Omaxe likely to prove rewarding for investors
  • SSKI India - Good valuation
  • Edelweiss Securities says, "We have valued the company on NPV basis. NAV estimate is INR 400–405. This represents a 51%-31% upside over the IPO price of INR 265-310 respectively. We have discounted the cash flows at a WACC of 15% over a period of four years."
  • Moneycontrol Rating 4 star
  • The Hindu Businessline - Invest at Cutoff
  • Econamic Times - 3 star rating

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