Religare Enterprises Limited IPO Message Board (Page 52)

Can a retail investor apply from 2 demat accounts for the IPO with maximum Rs.1,00,000\- each.

religare ipo good & strong . & market premeum - best premeum.

Thanks anand for the reliance IPO Information.

religare has subscribed 2.37%

can someone tell me how does part payment operates

HI sri

hold for long term good stock will double your money...

Subscription at 12.12 p.m 29.10.2007

Total Issue Size 7576102
Total Bids Received 8450085
Total Bids Received at Cut-off Price 791035
No. of times issue is subscribed 1.12

can i hold powergrid for 1 year . i buy @ 104

HI ALL

MY OPINION IS NOT TO SUBSCRIBE BECAUSE ITS SMALL ISSUE 75,76,102 Equity Shares, BETTER TO INVEST IN MUDRA PORT IPO, FOR GOOD GAINS AND ALLOTMENT. VERY HARD TO GET ALLOTMENT IN RELIGARE.

Already oversubscribed in the first hour itself !!!

Hi Vishalmalpani , how did you come to know abt the subscription number it is still not displayed at nse, please share the site where we can see the live subscription. Thanks

Already subscribed 2 percent within 10 mts of the issue opening ....

BusinessLine
Religare Enterprises: Invest at cut-off

Investors with a high risk appetite may subscribe to the Initial Public Offer from Religare Enterprises, a financial services firm which derives the bulk of its revenues from equity broking and financing services. A recent entrant to the financial services space, the company has managed an impressive ramp-up in its client base and transaction volumes. However, the company conducts its business through a web of subsidiaries. Relevant financials for Religare’s consolidated operations are available only for a year and a half.

The offer price band of Rs 160-185 values the company at about 20-23 times its earnings for 2007-08 on the fully diluted equity base. The earnings for the full year have been estimated using first half performance, after factoring in operating profit margins managed by the company’s peer group. Most brokerage firms of comparable size trade in the price-earnings band of 30-40 times their current earnings at this juncture.

Overall, investors with a high risk appetite may consider subscribing to this offer in the light of the lower pricing relative to listed firms in this space and the sector’s growth potential.

i heard that the religere management is holding 70% of shares with them n very less for sale, is it true ??? please give me advise

126 BASANTA

RELIANCE IPO IS COMING ON 15/11/2007
THIS IS THE INTERNAL NEWS AND KEEP REMEMBER ,

Retail me kitni time subscribe ho sakta he ? koi real master ipo ka yaha ho woh bataye.

can someone tell me as to is there any part payment system in religare and mudra thanks

Very true Rajesh. S.P Tulsian is a chameleon, he never sticks to what he says.On cnbc he said that the real worth of powergrid should be rs 85/- and one should not buy & book profits. All of a sudden on 26.10.07 again on the same channel he recommends a buy at rs 136. You will often find him contradicting himsel. What an investment advisor!!!!!

I was very much upbeat on Religare until I see the positive comments from SP Tulsian. He is an absolute shi*head. Just go to moneycontrol.com and check his views on IPOs. whenever there has been a good IPO he has given a very bad rating. Especially on Maytas, he said that it was pretty bad during the issue. And suddenly on listing at 550 he changed his words saying that it was the right company to go for.

Hi All

As Per S.P Tulsian

Religare Enterprises is entering the capital market on 29th October 07 with a public issue of 75.76 lakh equity shares of Rs.10 each, in the band of Rs.160 to Rs.185 per share. The proposed issue is 10% of the expanded equity of Rs.75.76 crores.

The company is 100% holding company for various subsidiaries engaged in stock broking, personal finance, commodities broking, insurance broking, wealth management services, venture capital, investment banking and art initiatives. Reliance Insurance Holding Co. Ltd., an insurance holding company, is 75% subsidiary of the company. The companies are all in place with strong organization network and capable to achieve scalability, over a period of time. Senior level executives and personnel have been recruited by various subsidiaries and business of all these subsidiaries would witness a sharp increase in time to come.

For FY07, on consolidated basis, total income of the company was placed at Rs.320.12 crores with PBT of Rs.47.60 crores and PAT of Rs.25.02 crores resulting in an EPS of Rs.3.67, on pre-issue equity of Rs.68.19 crroes. For 6 months ending 30-09-07, the total income was placed at Rs.307.96 crores with PBT of Rs.57.64 crores and PAT of Rs.36.73 crores, resulting in an annualized EPS of Rs.10.80. This means, present issue is being made at a PE multiple of 17, based on FY 08 earnings, and at the upper band of Rs.185 per share.

Presently, the company with its subsidiaries have 1,217 business locations managed by the company and its subsidiaries as also Business Associates in 392 cities and towns in India. The company proposes to establish 100 more branches for which Rs.26.50 crores has been allocated. Rs.50 crores has been allocated for funding retail finance business. Rs.60.60 crores has been earmarked for lending business and this amount has been sourced from pre-IPO placement, having made at Rs.160 per share.

The post issue equity of the company will be at Rs.75.76 crores and at Rs.185 per share, it has a market capitalization of close to Rs.1,400 crores which is very low, thus having huge scope of expansion. Also, in view of low-base and recent creation of organization for various subsidiaries, CAGR of atleast 40% for the next three years in bottomline is visible. This kind of performance would be well received by the market, post listing.

The issue is very attractively priced and investment is advised at the upper band of Rs.185 per share. This is probably the most economical broking stock which can give handsome returns to the short term and medium term investors as also good listing gains.