Monday, October 22, 2007

Religare Enterprises Limited IPO opening on Oct 29

Hi Friends,
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 is entering the capital markets with an initial public offering, IPO of 75,76,102 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 160/- at lower level and Rs. 185/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 29, 2007, and closes for subscription on Nov 01, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Religare Enterprises Limited IPO, Religare IPO Allotment Status, Religare discussions, Religare IPO reviews, Religare IPO News, and Religare IPO Listing Date.

Kris Team