Religare Enterprises Limited - IPO

Religare is entering the capital markets with an initial public offering, IPO of 75,76,102 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 160/- at lower level and Rs. 185/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 29, 2007, and closes for subscription on Nov 01, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Religare Enterprises Limited
Issue Period	October 29, 2007 to November 01, 2007
Issue Size	7576102 Equity Shares
Issue Type	100% Book Building
Face Value	Rs. 10/-
Price Range	Rs 160 to Rs 185
Tick Size	Re. 1/-
Market Lot	35 shares
Minimum Order Quantity	35 shares
IPO Market Timings	10.00 a.m. to 5.00 p.m.
Book Running Lead Manager	Enam Securities Private Limited and Citigroup Global Markets India Private Limited
Syndicate Member	Enam Securities Private Limited and Citigroup Global Markets India Private Limited
Name of the registrar	Karvy Computershare Private Limited

 

Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company.

Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare's retail network spreads across more than 900 locations across more than 300 cities and towns in India.