The developer has Rs1,000-crore of order book for its wholly owned subsidiary Omaxe Infra and Construction, which is expected to double to Rs2,000-crore with new possible order wins and construction work from the parent firm.
The current average execution period is of two years and the existing projects are at different stages of completion of 7-92 per cent.
The company is also expecting to win orders from the Punjab and Uttar Pradesh and some other state governments.
The developer has debt liability of Rs1,800-crore, and the scheduled repayment in next two years is about Rs1,020-crore. It is looking to fund the debt obligation from internal accruals, selling land assets and raising funds by selling stake at project level to private equity investors. The debt-equity ratio stands at 1.03.
Omaxe plans to raise over Rs800-crore through qualified institutional placement of shares and would use the proceeds for debt repayment, construction activities and acquisition of cheaper land.
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