I am Shambulingappa B Angadi, Applicant No : 1-1449140 DD No : 239697 Dated : 18/07/2007 Drawn on Branch : Corporation Branch Payable at Bangalore Status : DD Cleared on 24/07/2007 to Hongkong Bank of Corporation (Clearance of DD is Confirmed Personaly this is for your kind information) I request to Please in to the Matter and arrange to send the refund amount or shares if alloted in Demat Account : 10139655 (DP ID :IN302316) AS SOON AS POSSIBLE SHAMBULINGAPPA B ANGADI RANEBENNUR
I have applied for 40 Shares during IPO, I have not received the refund till Date. I applied by ICICI direct.com and was informed that the refund will credited through ECS by HDFC bank on 09/08/07. but till date i have not got the refund. Please look in to the matter.
HI RAJ/ TANUSHREE, hi to both of you, pls. guys guide me. omax is going up today 340/- i have 100 shares @ 336/- should i book profit and quit and is there any target. pls tell if y have idea. and also omnitech 172/- 100 shares. it reaching now to my price. i don't have to hurry i can wait for 2 months too. thanks
Brokerage house SSKI's fair value estimate of Omaxe's NAV comes to Rs 448 per share, which gives a 44 per cent upside from the upper band of the price range of Rs 265-310 per share. Edelweiss has also recommended subscribing to Omaxe IPO. On net present value basis, Edelweiss has estimated Omaxe's net asset value at Rs 400-405 per share. The IPO price band of Rs 265-310 is at a discount of 51-31 per cent to its NAV.
I apply OMAX IPO through ICICIDIRECT.COM ONLINE Transaction Date:19/07/2007 10:53:38 Transaction ID :3674239 Transaction Type :Original"Name Issue Code :OMAXE LIMITED - OMALIM NEWIPO Application No.13619137 Amt payable :43,400.00Status: Executed Match Account :8501016676 DP ID: IN303028 DP Account 53031689 pl. till i have not received my refund money
MUMBAI: Brokerages echo in unison to subscribe to Omaxe Ltd's initial public offering, which opened for subscription Tuesday and close Friday.
The public issue consists of 17.8 million equity shares at a price range of Rs 265-310 per share, aiming to raise Rs 550 crore at the upper band of the price range. The issue also has a greenshoe option of up to 1.75 million shares. The company's post-issue capital (without the greenshoe option) will comprise of 172.75 million shares of Rs 10 each.
Brokerage house SSKI's fair value estimate of Omaxe's NAV comes to Rs 448 per share, which gives a 44 per cent upside from the upper band of the price range of Rs 265-310 per share.
"Omaxe, with its established brand name, focus on quality construction and strong execution skills, is well placed to benefit from the rising demand for residential and commercial real estate in India," the brokerage said in its report dated July 16.
Moreover, they believe the company's strengths would ensure strong realisations for all properties, resulting in sustained growth in revenues, profitability and earnings in the future.
Edelweiss has also recommended subscribing to Omaxe IPO. On net present value basis, Edelweiss has estimated Omaxe's net asset value at Rs 400-405 per share. The IPO price band of Rs 265-310 is at a discount of 51-31 per cent to its NAV.
Omaxe has been focused on the NCR region that accounted for 73 per cent of its FY07 revenues. It is however increasingly diversifying its land bank to Tier-2 and Tier-3 cities and currently has presence in 30 cities and 9 states.
It plans to develop 150 million square feet of land over the next 5-6 years, out of which, 31 per cent (46 million square feet) will be in the NCR region. Remaining 69 per cent of Omaxe's land is in Tier-2 and Tier -3 cities. It has 14 million square feet of saleable area in Jaipur and Raipur each. In Patiala and Indore, it owns 12 million square feet and 10 million square feet total saleable land.
India's increased thrust on improving the infrastructure and economic development in Tier 2 and Tier 3 cities is likely to provide Omaxe a big growth opportunity, going forward, the brokerage said in a report.
At the offer price band of Rs 265-310, Emkay Share and Stock Brokers has worked out Omaxe's PE to 17.8-20.8 times 2006-07 (Apr-Mar) EPS of Rs 14.9 (consolidated) on post issue equity of Rs 172.75 crore. According to the brokerage, the company's net asset value stands at Rs 487 per share, which is 57 per cent above the upper band of the price range of Rs 265- Rs 310.
"The company's strong brand image, focus on Tier2 & Tier 3 cities and lower valuations compared to peers will be major positives," said Emkay Shares in a report
I applies for 100 shares of omaxe and have not recieved the refund order till date. Kindly help, My cheque number was 895989 drawn from icic bank kindly help
I had applied to Omaxe IPO, but not received my refund order. I have contacted ipo.helpdesk@intimespectrum.com, they replied saying that they have sent the refund order and pls inquire at the post office. when I inquired at post office, i came to know that the Speed Post details provided in the mail were wrong. I tried calling intime spectrum on phone, but all of them are showing busy. Pathetic service from Intime Spectrum. Can somebody pls guide me on this
HI RAJ, thanks god omax is showing recovery i have 100 shares @336/- should i hold . what is the target price and can i go selling ann buying mehtod. or wait what do u suggest
You have applied for 160 shares it seems. You please check your Bank account once (which is mapped with the DP) and you can also check with the local post office once befor getting this case to Registar.
I will mention below the possible reasons for these type of cases:
1,You might have shifted your house shortly and the new address might not be updated in your DP.
2,There should be any one in the house to receive the refund order through post else they will return back to Mumbai.