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Religare IPO is a book built issue of Rs 140.16 crores.
Religare IPO bidding started from October 29, 2007 and ended on November 1, 2007. The shares got listed on BSE, NSE on November 21, 2007.
Religare IPO price band is set at ₹160 to ₹185 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,475.
Citigroup Global Markets India Private Limited and Axis Capital Limited are the book running lead managers of the Religare IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Religare IPO RHP for detailed information.
| IPO Date | October 29, 2007 to November 1, 2007 |
| Listing Date | November 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹185 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 7,576,102 shares (aggregating up to ₹140.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 68,184,914 |
| Share holding post issue | 75,761,016 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,475 |
| Retail (Max) | 30 | 1050 | ₹194,250 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 60.41% |
| Share Holding Post Issue | 54.36% |
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'.
| KPI | Values |
|---|---|
| RoNW | 7.81% |
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.
The Religare IPO is subscribed 160.56 times on November 1, 2007 5:00:00 PM. The public issue subscribed 93.50 times in the retail category, 184.95 times in the QIB category, and 215.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | November 21, 2007 |
| BSE Script Code | 532915 |
| NSE Symbol | RELIGARE |
| ISIN | INE621H01010 |
| Final Issue Price | ₹185 per share |
| Price Details |
|---|
| Final Issue 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 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 35 Shares.
The IPO opens on October 29, 2007, and closes on November 1, 2007.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Religare IPO opens on October 29, 2007 and closes on November 1, 2007.
Religare IPO lot size is 35 Shares, and the minimum amount required is ₹6,475.
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, Nuvama, 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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