Omaxe India Limited:
IPO Period: July 17 to July 20
Price Range: Rs.265 to Rs.310
Minimum Share Lot:20 Shares
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Grade: Average - Good (Long term)
Expected Returns on Listing Day: 20 -25 %
Valuation:
At Rs 265 -310 price bands the stock would be valued at a FY07 PE of 16-18.7 x FY07 EPS and EV/SQFT of Rs 324 – Rs 367 of the developable areas of 183 million sqft which seems reasonable given the upside from Company’s Commercial and Ultra-luxury projects.
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