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Omaxe Ltd. Gets Approval to Raise Up to ₹199 Crore, Boosting Growth Prospects

Updated: May 15, 2025 20:35

Image Source: The Economic Times
Indian real estate major Omaxe Limited has obtained regulatory clearance for raising up to ₹199 crore (1.99 billion rupees). The capital raising will be used to fuel the company's ongoing expansion and launches of new projects, strengthening its position in the intensely competitive real estate sector.
 
Fundraising Details
  • Omaxe Ltd. has been cleared to raise as much as ₹199 crore via issuance of equity.
  • The fund-raising forms part of the company's efforts to consolidate its financial foundation and finance new developments.
Recent Business Activities
  • Recently, Omaxe introduced two new real estate developments in Lucknow, Uttar Pradesh, extending its presence to major cities.
  • The firm has also collaborated with Jio-bp to create EV charging and swapping facilities in 12 cities, emphasizing its commitment to sustainable infrastructure.
  • Omaxe has onboarded Eastin Hotel brands for serviced apartments in Lucknow, expanding its real estate portfolio.
Financial Performance and Strategy
  • Omaxe reported mixed financial results with some quarters reporting losses but remains committed to operational excellence and growth.
  • The firm has a track record of raising large amounts of funding, such as ₹440 crore funding from Värde Partners, which reflects its plans for expansion.
  • Equity share issues and IPOs of Omaxe have been large, with previous public issues amounting to more than ₹550 crore, showing robust market confidence.
Market Position and Outlook
Omaxe has a good market presence in 28 Indian cities with a brand that is recognized for quality and delivery within time.
 
The new capital raised is expected to be used to speed up the launches of projects and build the asset base of the company, setting it up for growth in the future.
 
Sources: MarketScreener, Omaxe Prospectus, Omaxe Annual Report FY 2021-22, Omaxe Financial Results Q3 2024-25, Indian Retailer News

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