Religare IPO Subscription figures at the end of Day 2

Religare IPO has been oversubscribed heavily at the end of day 2 as per the information available from the BSE and the NSE stock exchanges.

Subscription figures of Religare Enterprises IPO stood at 11.5 times, out of which the Institututional investors category has been subscribed by 16.65 times, Retail Investors category has been subscribed by 4.85 times and the Non Institutional Investors Category has been subscribed by 1.54 times.

Religare IPO opened for subscription on Oct 29, 2007 and will close for subscription on November 01, 2007.  Religare Enterprises IPO has been rated IPO Grade 3 by ICRA.

Analysts have said that Religare Enterprises IPO can give good returns in the short term as well as the long term.