Bookbuilding IPO | ₹140 Cr | Listed at BSE, NSE | Mon, Oct 29, 2007 - Thu, Nov 1, 2007
Religare Enterprises IPO is a book build issue of ₹140.16 crores. The issue is entirely a fresh issue of 0.76 crore shares of ₹140.16 crore.
Religare Enterprises IPO bidding started from Oct 29, 2007 and ended on Nov 1, 2007. The shares got listed on BSE, NSE on Nov 21, 2007.
Religare Enterprises IPO price band is set at ₹185 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,475 (35 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,085 shares), amounting to ₹2,00,725, and for bNII, it is 155 lots (5,425 shares), amounting to ₹10,03,625.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Religare Enterprises IPO RHP for detailed Information.
IPO Open
Mon, Oct 29, 2007
IPO Close
Thu, Nov 1, 2007
Issue Price
₹185 per share
Market Cap (Pre-IPO)
₹1,401.58 Cr
| IPO Date | 29 Oct to 1 Nov, 2007 |
| Listed on | Wed, Nov 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹185 |
| Issue Price | ₹185 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,76,102 shares (agg. up to ₹140 Cr) |
| Fresh Issue | 75,76,102 shares (agg. up to ₹140 Cr) |
| Share Holding Pre Issue | 6,81,84,914 shares |
| Share Holding Post Issue | 7,57,61,016 shares |
| BSE Script Code / NSE Symbol | 532915 / RELIGARE |
| ISIN | INE621H01010 |
Religare Enterprises IPO comprises a total issue size of 75,76,102 shares. Out of which, 45,45,662 (60.00%) are allocated to QIB, 7,57,609 (10.00%) allocated to NII 22,72,831 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 45,45,662 | 60.00% | NA |
| NII (HNI) Shares Offered | 7,57,609 | 10.00% | NA |
| Retail Shares Offered | 22,72,831 | 30.00% | 64,938 |
| Total Shares Offered | 75,76,102 | 100.00% |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,475 |
| Retail (Max) | 30 | 1,050 | ₹1,94,250 |
| S-HNI (Min) | 31 | 1,085 | ₹2,00,725 |
| S-HNI (Max) | 154 | 5,390 | ₹9,97,150 |
| B-HNI (Min) | 155 | 5,425 | ₹10,03,625 |
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'.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To expand domestic operations and network of branches | 25.50 |
| 2 | To fund retail finance business and | 50.00 |
| 3 | To expand financing activity | 114.09 |
| KPI | |
|---|---|
| RoNW | 7.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 60.41% | 54.36% |
| Market Cap | ₹1,401.58 Cr. |
The Religare IPO is subscribed 160.56 times on November 1, 2007 5:00:00 PM (Day 4). The public issue subscribed 93.5 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 5.61 |
| 2 | Advertising and Marketing expenses | 3.85 |
| 3 | Printing and stationery | 0.75 |
| 4 | IPO Grading expenses | 0.16 |
| 5 | Others (Registrar's fee, legal fee, etc.) | 2.87 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹185.00 | ₹185.00 |
| Open | ₹323.75 | ₹323.75 |
| Low | ₹323.75 | ₹323.75 |
| High | ₹600.00 | ₹601.00 |
| Last Trade | ₹521.70 | ₹525.30 |
Lead Manager Reports
Religare Enterprises IPO is a main-board IPO of 75,76,102 equity shares of the face value of ₹10 aggregating up to ₹140 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 35.
The IPO opens on Mon, Oct 29, 2007, and closes on Thu, Nov 1, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Religare Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Religare Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Religare Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Religare Enterprises IPO opens on Mon, Oct 29, 2007 and closes on Thu, Nov 1, 2007.
Religare Enterprises IPO lot size is 35, and the minimum amount required for application is ₹6,475.
You can apply in Religare Enterprises IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Religare Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Religare Enterprises IPO allotment status.
The Religare Enterprises IPO listing date is on Wed, Nov 21, 2007.
