Religare Enterprises Limited IPO to hit markets today

The Initial Public Offering (IPO) of Religare Enterprises Limited opens for subscription by investors on Monday - October 29, 2007. The company has come out with an Initial Public Offering (IPO) of 7576102 Equity Shares of Rs.10 each for cash at a price band of Rs.160 to Rs.185 per share for cash through 100% book building process.

The IPO opens for subscription on Monday - October 29, 2007 and closes on Thursday - November 1, 2007.

The Issue comprises of a reservation of 45,45,662 equity shares allocated for Qualified Institutional Buyers (QIBs), 7,57,609 equity shares for Non Institutional Investors and 22,72,831 equity shares for Retail Individual Investors (RIIs).

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Enam Financial Consultants Private Limited and Citigroup Global Markets India Private Limited are the Book Running Lead Managers to the issue. Karvy Computershare Private Limited is the Registrar to the issue.

Click Here to view the website of Religare Enterprises Limited

Click Here to view the prospectus of Religare Enterprises Limited

Source : Equity Bulls

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