The Rs 140.16 crore Religare IPO is a book-built offering. The October 29, 2007–November 1, 2007 Religare initial public offering (IPO) bidding period was held. On November 21, 2007, the shares were listed on the BSE and NSE. The pricing range for the Religare IPO is 160 to 185 rupees per share. 35 Shares are the bare minimum lot size for an application. Retail investors must invest a minimum of ₹6,475 in total.
Religare Enterprises Limited is a company that provides financial products and services and is marketed by Ranbaxy Laboratories Limited. Religare offers its services in three distinct markets: institutional spectrum, wealth management, and retail. The company provides a diverse array of services encompassing investments, commodities, wealth advising, insurance broking, portfolio management, investment banking, and institutional broking. The retail network of Religare is present in over 300 Indian cities and towns, spanning over 900 locations.
Religare businesses are operated through its 10 subsidiaries. Religare major business includes:
- Religare Securities Limited (RSL) – Stock Broker.
- 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.
- Religare Commodities Limited (RCL) – Commodity Broker.
- 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’.
Religare IPO Details
| IPO Date | October 29, 2007 to November 1, 2007 |
| Listing Date | November 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹185 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 7,576,102 shares (aggregating up to ₹140.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Religare IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,475 |
| Retail (Max) | 30 | 1050 | ₹194,250 |
Objects of the Issue (Religare IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
- To expand domestic operations and network of branches;
- To fund retail finance business and
- To expand financing activity.
Religare IPO Listing Details
| Listing Date | November 21, 2007 |
| BSE Script Code | 532915 |
| NSE Symbol | RELIGARE |
| ISIN | INE621H01010 |
| Final Issue Price | ₹185 per share |
Religare Listing Day Trading Information
| 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 |
Religare Enterprises Limited Contact Details
Religare Enterprises Limited
Religare Enterprises Limited,
19 Nehru Place,
New Delhi 110 019, India
Phone: +91-40-6636 9058
Email: [email protected]
Website: https://www.religare.com/
Religare IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Religare IPO FAQs
Q1. What is Religare IPO?
Ans. Religare IPO is a main-board IPO of 7,576,102 equity shares of the face value of ₹10 aggregating up to ₹140.16 Crores. The issue is priced at ₹160 to ₹185 per share. The minimum order quantity is 35 Shares. The IPO opens on October 29, 2007, and closes on November 1, 2007.
Q2. When Religare IPO will open?
Ans. The Religare IPO opens on October 29, 2007 and closes on November 1, 2007.
Q3. What is the lot size of Religare IPO?
Ans. Religare IPO lot size is 35 Shares, and the minimum amount required is ₹6,475.
Q4. When is Religare IPO listing date?
Ans. The Religare IPO listing date is on November 21, 2007.
