On the final day of SEBI’s deadline for listed private sector entities to achieve minimum 25% public shareholding, promoters of Omaxe have proposed to sell 2.1 crore shares via Offer for Sale (OFS) and have fixed the floor price of Rs 140 per shares, which is at a discount of 6.89% to the closing price of Rs 150.35 of company’s stock as on May 31, 2013 on the BSE.
According to SEBI norms, all private sector listed companies need to have at least 25% public shareholding and promoters have been asked to lower their stake to 75 percent or below by June, 2013.
Omaxe is one of the leading real estate developers in India focused on developing world-class residential and commercial properties all over the country.
| Company Name | CMP |
|---|---|
| Lodha Developers | 965.60 |
| Dilip Buildcon | 478.50 |
| DLF | 608.40 |
| Oberoi Realty | 1703.85 |
| Ahluwalia Contract(I | 847.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: