Category Archives: Religare Enterprises IPO

Religare Enterprise Allotment ratio and Fixed price

Religare Enterprises, a financial services company in India offering a wide range of financial products and services, has fixed the issue price at Rs 185 per equity share of Rs 10 each (upper end of the price band) for its initial public offering (IPO) of 7,576,102 equity shares for cash, decided through a 100% book building process.
Allotment Ratio
I also saw from economictimes i blv but not sure that allotment will be made to person who had applied for 1 lac only and in the ratio od 1:6 will be alloted 35 shares not sure how much is real on this .

BVCL IPO or Religare IPO which to apply on the final day

BVCL IPO which we are expecting to subscribed fully by 10 to 15 times and the retail side around 5 times rto 10 times , so we can expect some allotment and sure for some good premium while listing .

Religare IPO is almost at 34 times now and before closing most proababvly from 75 to 100 times and on the rtail side around 25 to 35 times , which im not sure it wuill be lottery system and very mere allotment , but good premium , but finally i expect that you might good return from bvcl becasue excess share will be alloted , just this is my feeling .
Please also make you own judgement.

Religare Enterprises Limited IPO – open on October 29th 2007

About Religare Enterprises Limited
Religare, a Ranbaxy promoter group company, is one of the leading integrated financial services institution of India. The company offers a large and diverse bouquet of services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services.

The services are broadly clubbed across three key business verticals- Retail, Wealth management and the Institutional spectrum. Religare Enterprises Limited is the holding company for all its businesses, structured and being operated through various subsidiaries.
Religare’s retail network spreads across the length and breadth of the country with its presence through more than 1,217 locations across more than 392 cities and towns. Having spread itself fairly well across the country and with the promise of not resting on its laurels, it has also aggressively started eyeing global geographies

About the Issue
Issue Period October 29, 2007 to November 01, 2007
Issue Size 7576102 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs 160 to Rs 185
Tick Size Re. 1/-
Market Lot 35 shares :Minimum Order Quantity 35 shares
Maximum Subscription Amount for Retail Investor Rs.100000

Purpose of the Issue
The objective of the issue is to fuel future growth including expansion of branches of two of its subsidiaries: Religare Securities and Religare Insurance Broking. REL plans to fund the retail finance business as well as expand its financing business through its subsidiaries Religare Finvest and Religare Finance.

Financials
P/E based on the year ending March 2007 (FY 2007) EPS of Rs 3.3 works to 48.7 (on lower band) to 56.4 (on upper price band) times. which i have to say too much compared to other company in the same line of business , but the results for the qtr end september 2007 was pretty good which dicounts the Pe to like 18 at the high rate of 185 rs , so which is 20 less PE compared to other company .

Conclusion
One should apply to it there is no doubt in that but how much to apply for if you want to make sure you get alloted this stock then apply for 1 lac max allowed for the retailer so you get atleast some , if the retail portion doesnt get much subscribed which is not the case with this IPO.