Friday, November 2, 2007

Religare IPO oversubscribed 185 times, allotment will be tough

Religare Enterprises Limited IPO oversubscribed by 160.56 times. Retail category oversubscribed 93.50 times. This is the creasiest response from investors and broke all previous records. Allotment will be done by lottery and would be real tough. Below is the complete bidding information (source BSE):

Religare Enterprises Limited. - Bid details

Last updated on 01/11/2007 9.00.00 PM
Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs)4545662840717150184.9493
1(a)Foreign Institutional Investors (FIIs)516080390..
1(b)Domestic Financial Institutions (Banks/ Financial Institutions(FIs)/ Insurance Companies)205197335..
1(c)Mutual Funds119438865..
2Non Institutional Investors757609163224740215.4472
2(b)Individuals (Other than RIIs)72584260..
3Retail Individual Investors (RIIs)227283121251384093.5018
3(a)Cut Off201803630..
3(b)Price Bids10710210..

Click here to find more information about Religare IPO bidding status, Religare IPO Allotment Status and Relegare IPO Listing information.

Kris Team