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Omaxe Limited
Sector:Real Estate Real Estate - Real Estate
BSE:532880NSE:OMAXEBloomberg:OAXE@INReuters:OMAX.BO
Market Lot: 1Face Value: 10ISIN Demat: INE800H01010
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04-Nov-2015
Business Profile
Omaxe entered the Real Estate Development business in 2001 and is now amongst the large Real Estate Development companies in India.The company was originally set up as Omaxe Builders Private limited in 1989, promoted by Shri. Rohtas Goel , the founder, to undertake construction & contracting business. Omaxe's ventures in the real estate business include developing Integrated Townships, Group Housing, Shopping Malls, Multiplexes, Hotels, Resorts, IT Parks, Biotech Parks and SEZS. The company in a short span of 5 years has completed and delivered 10 projects consisting of 8 residential and 2 commercial covering approx 5.13 million sq. ft of area.

Omaxe, an ISO 9001:2000 company, has pioneered many innovations in the real estate industry. Among the many was the Sample Flat Concept where the buyer could see exactly what he was getting. Omaxe also brought in the Penalty Clause that protected customer interests by promising compensation in case of delayed delivery and escalation.

The company currently has 52 projects under development. These include 21 group housing projects,16 integrated townships,14 shopping malls and commercial complexes and 1 hotel. The company is at present developing over 140 million sq ft of saleable area across 30 towns in 9 states in Northern and Central India


Financials
The company announced rise of 62.57% in consolidated net profit on y-o-y basis to Rs 194.60 million, while total income declined 100.00% y-o-y basis to Rs 0.00 million for the quarter ended September 2015.

Recent Developments
10-NOV-14
During the quarter, the profit of the company declined 23.52% to Rs 138.81 million from Rs 181.51 million in the same quarter previous year.

24-JUN-14
India's leading real estate company Omaxe has seen substantial reduction in company's debt levels. In the last 5 years, the company has seen its debt-equity ratio come down by close to 60%; from 1.15 in 2009-10 to 0.48 in 2013-14.

26-NOV-13
Omaxe, one of India???s leading Real Estate companies, headquartered in Delhi, have informed the exchanges that the Company is conducting a postal ballot for obtaining the approval of shareholders for reclassification/ increase in authorised

06-NOV-13
Omaxe, India's leading real estate company, announced on Oct, 30, 2013 that the company's board approved the capitalization of an amount of Rs 93 million from the securities premium account by way of issuing 9.33 million shares of Rs 10 each as bonus shares.

26-SEP-13
The sellers has announced OFS to sell aggregate of 1,52,50,000 shares of the company of face value of Rs 10 each, representing 8.79% of the total paid up share capital of the company according to SEBI.

25-SEP-13
Omaxe, one of the leading real estate developers in India, today announced that Constellation Capital, Kautilya Monetary Services and S A Finvest (`Sellers`) form part of the promoters and members of the promoter group of the company has submitted a notice of offer for sale up to 75,00,000, 12,50,000 and 65,00,000 equity shares of the company of face value of Rs 10 each respectively

23-SEP-13
Omaxe, one of the leading real estate developers in India and premier entertainment agency Wizcraft are associating for the first time for creation of a Special Theme Zone at Omaxe Connaught Place in Greater Noida. The entertainment zone will be spread over 30,000 sq ft in the project Omaxe Connaught Place.

02-SEP-13
India's leading premier real estate developer, Omaxe and IHG (InterContinental Hotels Group), one of the world's leading hotel companies have signed an agreement for the new-build Holiday Inn New Chandigarh Sector 4B.



Future Plans
The company intends to use Rs 1.5 billion of the issue proceeds to develop its four projects in Faridabad (Nahapur), New Delhi (Sarita Vihar), Haryana (Gurgaon), and Uttaranchal (Pant Nagar). For this construction to achieve fruition, the company has earmarked a time frame of three to five years.


In Brief

 
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