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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 ₹185.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹5,600 (35 shares). 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 Date | October 29, 2007 to November 1, 2007 |
| Listing Date | November 21, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹185 per share |
| Issue Price Final | ₹185 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 75,76,102 shares (aggregating up to ₹140.16 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,81,84,914 shares |
| Share Holding Post Issue | 7,57,61,016 shares |
Religare IPO offers total 75,76,102 shares. Out of which 45,45,662 (60.00%) allocated to QIB, 7,57,609 (10.00%) allocated to NII, 22,72,831 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Religare Enterprises IPO opens on October 29, 2007, and closes on November 1, 2007.
| IPO Open Date | Mon, Oct 29, 2007 |
| IPO Close Date | Thu, Nov 1, 2007 |
| Tentative Listing Date | Wed, Nov 21, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 1, 2007 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Religare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To expand domestic operations and network of branches | 255.00 |
| 2 | To fund retail finance business and | 500.00 |
| 3 | To expand financing activity | 1,140.86 |
| Listing Date | November 21, 2007 |
| BSE Script Code | 532915 |
| NSE Symbol | RELIGARE |
| ISIN | INE621H01010 |
| Final Issue Price | ₹185 per share |
| BSE Listing Group | B1 |
Religare Enterprises Ltd.
Religare Enterprises Limited,
19 Nehru Place,
New Delhi – 110 019, India
New Delhi, New Delhi
Phone: +91-40-6636 9058
Email: investorservices@religare.in
Website: http://www.religare.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Religare Enterprises IPO is a main-board IPO of 75,76,102 equity shares of the face value of ₹10 aggregating up to ₹140.16 Crores. The issue is priced at ₹185 per share. The minimum order quantity is 35.
The IPO opens on October 29, 2007, and closes on November 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 October 29, 2007 and closes on November 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 Wednesday, November 21, 2007.
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