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Religare Enterprises Limited IPO (Religare IPO) Detail

Oct 29, 2007 - Nov 1, 2007

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'.

Objects of the Issue:

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.

Religare IPO Details

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 Size7,576,102 Eq Shares of ₹10
(aggregating up to ₹140.16 Cr)

Religare IPO Lot Size

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

Religare IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Religare IPO Prospectus

Religare IPO Rating

439
4.0
Rating:Rated 4.0 stars
Vote Here ...

Religare IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹185.00
₹323.75
₹323.75
₹600.00
₹521.70
NSE
₹185.00
₹323.75
₹323.75
₹601.00
₹525.30

Company Contact Information

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

Religare IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Religare IPO Reviews / Ratings

  • Business Line - Apply
  • Keynote Capitals Ltd - Apply
  • S P Tulsian - Apply

Religare IPO FAQs

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.

The Religare IPO listing date is on Wednesday, November 21, 2007.

Religare IPO Message Board

Ranked Members  Ranked Members

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1166. raj |Jan 23, 2008 06:36
RELIGARE 400. SOMEONE SAID EARLIER THAT IT WILL AVAILABLE ONLY IF THERE IS A SPLIT.

ANY RATE IS POSSIBLE IN STOCK MARKET

RELIGARE 400
1165. Rahul |Jan 4, 2008 19:04
Religare will cross 760-780 levels in 2 weeks.
1164. bisht |Jan 1, 2008 11:54
i buy Religare at 580 can u guide me when will touch Rs 750 levels.
1163. rajesh |Dec 31, 2007 15:06
hi,
congrats , who held onto religare cmp 620.
1162. Abhishek |Dec 28, 2007 20:48
I dont think i will rise on moday...i think it will correct atlest by 3to4 percent
1161. Rahuk |Dec 28, 2007 19:27
Hi Friends,
See Religare rising sharply. Soon it will touch Rs 750 levels. Try to accumulate at these levels and hold it for 2-3 weeks. You will gain good profits.
1160. Mohan chennai |Dec 27, 2007 11:44
Check Religare Is rocking today...
1159. Kedia |Dec 24, 2007 12:10
Market itna teze rahanai bad bhi Religare apni jhagha sthir hai, yea kab badaga, mujha lagta hai Bakwas ki bato mai kuch to Sachai hai.
1158. POWER |Dec 22, 2007 11:11
who is saying that it will not move upward w8 fir next 15 days you you will see new highes in religare
1157. Bakwass |Dec 16, 2007 10:09
I am Fully agree with u Mr. Raj, some people are really misguiding other, this Share already near about 3 times. Acording to my view this will take near about 1 years, what some people are tallying at the time of Listing
1156. raj |Dec 15, 2007 18:50
mr gogi my friend,
some of them are misguiding that on listing it will go to 700/800.
just because it is oversubscribed 100 times, it wont go to 800.

sasthe me milega. abi, religare ooper jaanewala nahi
1155. raj |Dec 15, 2007 18:44
hi,
i am not saying religare is worth 600/700.

my point of view is since everyone are bullish, it is unlikely to move up.
it has more chance of coming down rather than going up.
you will get a better chance to buy.
1154. Rakesh |Dec 14, 2007 22:07
Best wishes to Religare shareholders. I bought 500 shares @ Rs 560. So, dont worry. This is just a consolidation period which happens with almost all bigshots like Reliance also. Look at the Religare's fundamentals and future expansion plans. They are very attractive. I am very sure that its price breaks 700 levels by the end of December. Advance congratulations to guys who have already invested.
1153. Smitha |Dec 14, 2007 12:21
Hi
I've bought 203 religare shares @ 520. Can any one of you let me know the price target for Dec. I am bit tensed because I've bought more shares.. Shall i sell @ 532 (CMP)?
1152. atul |Dec 13, 2007 00:18
some people has not any idea,still they comment that a share can go up to a [articlar rate and miguide others .plz do not give wrong comments/target
1151. Mahi |Dec 12, 2007 17:12
Religare is not touched today to 700+, does not mean that it will touch 450 (sorry 400 new target, thanks god it is not 420) as per our friend's wish. Still it is strong between 530-560 levels. Whoever in touch with Stock market are aware that for any stock will pass through the phases like accumulation, consolidation before sprutting the price. There may be few exceptions. Being as investor, I am strongly belive that this share has potential to touch atleast 650/- (if not 700) by December end,unless until sensex breaches to 10,000 points.This is not challenge, just confidence.Any questions - please check the oversubscription and company fundamentals. Any more doubts ?
1150. Gogi |Dec 12, 2007 16:23
mr raj kya tumna share buy kiya hai religare ka. so why u r blaming to peopels, u r not investor. u think that share ka prize ek din ma dugna ho jay. it is not posibel. after 6 mnth i will ask frm u that what is religear peice. bye be a investor.
1149. raj |Dec 12, 2007 16:09
hi powerstar,
there is nothing impossible in stock market. why 450, even 400 is possible. just wait and watch
1148. Gogi |Dec 12, 2007 13:56
mr bakwas this is market yaha kuch bhi ho sakta hai. agar religare 700 tak pahunch jata tum un logo ka gun gata. u cant speak like this.jisna call di thi wo apni jagha thik tha. look at the motilal oswal it reach 1800 frm 1200 in a month. so why u r behaving wrong .
1147. Bakwass |Dec 12, 2007 13:37
Jo bol raha tha ki Religare kuch dino mai 700 Touch karega, sab bakwass kar raha tha, kaha hai wo Log