Religare Enterprises Limited IPO – Religare IPO Details and Analysis
October 24, 2007
Religare Enterprises Limited IPO Details : Religare Enterprises Limited, which is a Ranbaxy group company and a leading player in the equity brokerage and allied financial services industry, is coming out with an IPO through the book building route. Religare IPO has been priced at reasonable valuations, the main reason for which being the uncertainity in the Indian capital markets at the time the IPO price band was fixed. When compared to its listed peer Motilal Oswal, which incidentally came out with an IPO a few months back, the valuations of Religare Enterprises IPO appear very attractive. Compared to the other IPO’s opening for subscription around the same time as Religare Enterprises Limited IPO, the Religare IPO seems to be the most likely IPO to provide the highest listing gains, on a relative basis. Investors can apply in the Religare Enterprises Limited IPO for both listing gains as well as long term gains. Religare Enterprises IPO opens for subscription on 29 Oct and closes for subscription on 01 November. The price band for the Religare IPO has been fixed as Rs. 160 – Rs. 185 per share. Updates on Religare IPO subscription details will be posted here regularly for the benefit of investors investing in the IPO.
Posted in IPO India
