RELIGARE ENTERPRISES LTD - IPO
Type of Issue : Book Built
Issue Opens: 29 October, 2007
Issue Closes: 01 November, 2007
Expected Refund Date: 18 November, 2007
Issue Size : 7,576,102 (No. of Shares)
Lower Price Band: Rs.160
Upper Price Band: Rs.185
Total Issue Size: Rs.140Crores
Application Multiple: 35 and in multiples there off starting with at least 35 shares.
Maximum Shares: 525(for Retail)
Information URL : http://www.religare.in/
Prospectus URL : http://www.sebi.gov.in/dp/reldraft.pdf
Company Details :
Address : 19, NEHRU PLACE, NEW DELHI - 110 019.
Email : investorservices@religare.in
Contact Details: 911130815100 /911166552200 /911130815288 (fax)
ISSUE Description:
REL is a financial services company in India, offering a wide range of financial products and services targeted at retail investors, high net worth individual and corporate and institutional clients. REL is promoted by the promoters of Ranbaxy Laboratories Limited. As on September 30, 2007 REL Operated from six regional offers and 40 sub-regional offices and had presence in 392 cities and towns controlling 1,217 locations managed by us and our Business Associates all over India, as well as a representative office in Londan.
Religare Enterprises Ltd. (REL) focuses on providing a wide range of financial services such as broking, asset management, investment banking, insurance broking services and personal credit. REL its increasing focus on non-banking revenues as well, the company will look at recurring income streams from insurance broking & other distribution income, personal credit and wealth management to supplement bottom-line growth in the future.
REL venturing into alternate distribution channels such as the Internet and by
launching international branches, increasing the reach & penetrating the market. The company is increasing its focus to institutional and mid-sized corporate segment.
Object of the Issue
a) Expanding our domestic operation and network of branches
b) Funding our retail finance business.
c) Funding our lending business.
Key Financials for the year ended March 31, 2007
Revenue Rs. 3201.18Mln, PAT Rs.249Mln, EPS Rs.4.00, RoNW13%
Recommendation
REL is a play on the growth potential of the financial services sector in India. Apply aggressively for super gains.
Issue Opens: 29 October, 2007
Issue Closes: 01 November, 2007
Expected Refund Date: 18 November, 2007
Issue Size : 7,576,102 (No. of Shares)
Lower Price Band: Rs.160
Upper Price Band: Rs.185
Total Issue Size: Rs.140Crores
Application Multiple: 35 and in multiples there off starting with at least 35 shares.
Maximum Shares: 525(for Retail)
Information URL : http://www.religare.in/
Prospectus URL : http://www.sebi.gov.in/dp/reldraft.pdf
Company Details :
Address : 19, NEHRU PLACE, NEW DELHI - 110 019.
Email : investorservices@religare.in
Contact Details: 911130815100 /911166552200 /911130815288 (fax)
ISSUE Description:
REL is a financial services company in India, offering a wide range of financial products and services targeted at retail investors, high net worth individual and corporate and institutional clients. REL is promoted by the promoters of Ranbaxy Laboratories Limited. As on September 30, 2007 REL Operated from six regional offers and 40 sub-regional offices and had presence in 392 cities and towns controlling 1,217 locations managed by us and our Business Associates all over India, as well as a representative office in Londan.
Religare Enterprises Ltd. (REL) focuses on providing a wide range of financial services such as broking, asset management, investment banking, insurance broking services and personal credit. REL its increasing focus on non-banking revenues as well, the company will look at recurring income streams from insurance broking & other distribution income, personal credit and wealth management to supplement bottom-line growth in the future.
REL venturing into alternate distribution channels such as the Internet and by
launching international branches, increasing the reach & penetrating the market. The company is increasing its focus to institutional and mid-sized corporate segment.
Object of the Issue
a) Expanding our domestic operation and network of branches
b) Funding our retail finance business.
c) Funding our lending business.
Key Financials for the year ended March 31, 2007
Revenue Rs. 3201.18Mln, PAT Rs.249Mln, EPS Rs.4.00, RoNW13%
Recommendation
REL is a play on the growth potential of the financial services sector in India. Apply aggressively for super gains.
posted by Sensex-Blog Admin at 2:27 AM
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