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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.
Religare businesses are operated through its 10 subsidiaries. Religare major business includes:
1. Religare Securities Limited (RSL) - Stock Broker.
2. Religare Finvest Limited (RFL) - Involve in personal credit (such as loans against shares (LAS), and personal loans), distribution of mutual funds, wealth management, IPO financing, and corporate finance services.
3. Religare Commodities Limited (RCL) - Commodity Broker.
4. Religare Insurance Broking Limited (RIBL)-Insurance broker to distribute products and services of life insurance companies, non life insurance companies and re-insurance businesses.
People who wonder where Religare word came from, it's a Latin word meaning 'to bind together'.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To expand domestic operations and network of branches;
2. To fund retail finance business and
3. To expand financing activity.
| IPO Opening Date | Oct 29, 2007 |
| IPO Closing Date | Nov 1, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹160 to ₹185 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| Issue Size | 7,576,102 Eq Shares of ₹10 (aggregating up to ₹140.16 Cr) |
The Religare IPO market lot size is 35 shares. A retail-individual investor can apply for up to 30 lots (1050 shares or ₹194,250).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 35 | ₹6,475 |
| Maximum | 30 | 1050 | ₹194,250 |
The Religare IPO is subscribed 160.56 times on Nov 1, 2007 17:00. The public issue subscribed 93.50 in the retail category, 184.95 in the QIB category, and 215.45 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
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| Listing Date | Wednesday, November 21, 2007 |
| BSE Script Code | 532915 |
| NSE Symbol | RELIGARE |
| Listing In | B1 Group of Securities |
| ISIN | INE621H01010 |
| IPO Price | ₹185 per equity share |
| Face Value | ₹10 per equity share |
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Religare Enterprises Limited
Religare Enterprises Limited,
19 Nehru Place,
New Delhi – 110 019, India
Phone: +91-40-6636 9058
Email: investorservices@religare.in
Website: http://www.religare.in
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Religare IPO is a main-board IPO of 7,576,102 equity shares of the face value of ₹10 aggregating up to ₹140.16 Crores. The issue is priced at ₹160 to ₹185 per equity share. The minimum order quantity is 35 Shares.
The IPO opens on Oct 29, 2007, and closes on Nov 1, 2007.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Religare IPO opens on Oct 29, 2007 and closes on Nov 1, 2007.
Religare IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
You can apply in Religare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Religare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Religare IPO allotment status.
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