Religare Enterprises IPO will hit the markets on October 29, 2007 with 7,576102 equity shares of Rs 10 each with the price band of Rs 160 to Rs 185 per equity share and the Religare issue will close fore subscription on 1st of November.
Most of the investors are in a view of whether to apply for this IPO or not as there are stream of quality IPO’s soon to hit the Indian Stock Markets. According to the analysis done on this IPO by most of the Analysts, everyone have said that Religare Enterprises IPO is quality public issue and investors should apply in this issue.
Market Analysts have said that, Religare is a professionally managed brokerage company and the company is in broking business space for good time. Religare Enterprises operated from 1,217 business locations with its subsidiaries are engaged in a wide range of financial products and services targeted HNI’s and the corporate and institutional clients.
Religare Enterprises issue is very attractively priced and people can subsribe to the issue at the upper band of Rs 185 per share. loo. It is available at a PE Ratio of 13 , which is quite attractive in comparison with its other peers Motilal Oswal at 27-31 PE.
Religare Enterprises IPO Review : So far from the companys previous performance and the analysts views, this IPO can give handsome returns to the short term and medium term investors. So investors can apply to the issue.
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1 comment so far ↓
The IPO is much better priced than Motilal Oswal’s IPO and is likely to double on listing.Religare IPO subscribed nearly 6 times on day 1
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