I AM WORKING IN STOCK BROKING INDUSTRY SINCE 5 YEARS,I AM SURPRICED HERE TO READ YOUR COMMENTS ABOUT THE IPO. THEN I GO BACK TO READ YOUR COMMENTS ON MOTILAL IPO ,THEY WAS ALSO SAME (NOT TO SUBSCRIBE)BUT ITS ROCKING NOW. DO NOT COMPARE IT WITH FORTIS IPO ,RELIGARE WILL EMERGE AS BEST BROKING INDUSTRY SOON WITHIN 3YEAES
Just checked the GMP is 255 for religare that makes the listing price at 440. I am surprised that the GMP is so high, because at 440, religare's PE becomes very high as compared to its growth prospects and riskiness. So all those applying just for listing gains assuming that GMP will stay until it gets listed, please think again. May be applying for fewer lots will restrict the shock that u mite get. Please do some fundamentals b4 applying! Piyush
Religare Enterprises Limited and Macquarie Bank Limited have signed a Joint Venture Agreement (JV) to expand Religare’s wealth management business. Under the JV, Macquarie would become a 50 per cent shareholder of REL’s wealth management subsidiary-Religare Wealth Management Services Limited. The business is expected to be renamed Religare Macquarie Wealth Limited. This JV is not just a significant step in the history of Religare but also in the Indian industry as it can easily be termed as India’s 1st Wealth Management JV.
i can see bluffers on board i am myself a religare official friends tis ipo shall not disappoint any investor n shall give good listiing gains but the grey market premium shall b around 150-175
dear mitesh, u dont know this company , you are wrong ,u may burn your whole hand in this issue. dont look at GMP is is always arbitrary & most of the time wrong.so beware of this co.