Initial public offering of Religare Enterprises (Q, N,C,F)* (REL), a financial services company, received overwhelming response from investors. It was oversubscribed 156.44 times on closing day till 6 pm. It received 1,185,175,915 bids as against issue size of 7,576,102 shares. A total of 171,621,205 bids were received at the cut off price. The price band was fixed between Rs 160 to Rs 185 a share. REL is promoted by the promoters of Ranbaxy Laboratories and the issue is graded by ICRA with an IPO Grade 3 on a 5 point scale.
The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). REL is a holding company of 11 subsidiaries, which are engaged in a wide range of financial products and services targeted at the retail, high networth individuals and the corporate and institutional clients. Along with its various subsidiaries, it offers a wide range of services ranging from equities,
commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.
It has divided its product and service offering under three broad client interface categories i.e. retail spectrum, wealth spectrum and institutional spectrum
and other stories from Myiris.Com
Barak Valley IPO oversubscribed 28.53 times on closing
Gammon India net down 34.49% for Sep`07 qtr
Mundra Port IPO seems to be attractive
Mundra Port IPO oversubscribed 4.67 times on day one
Consolidated Construction bags orders worth Rs 1275.3mn
Suzlon to export to 40 countries in five years
IFC eyes Rs 1433.9 mn worth stake in Karnataka Bank
Titan Eye+ to open 250 stores across India
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
Showing posts with label Other Stories. Show all posts
Showing posts with label Other Stories. Show all posts
01 November 2007
09 October 2007
Other Stories
Rediff.Com
The Sensex story: From 1K to 18K
Big retail gung-ho on expansion
Infy's Nilekani may move to US
Moneycontrol.Com
Stocks that contributed in this historical day
Cabinet approves relief package for sugar ind: FM
Apr-Sep excise mop-up at Rs 54,700 cr, up 6.5% YoY
NRB Bearings among Forbes list of Asia’s Best under bn
Reliance bags marketing & distribution deal for Apple
Top 5 stocks contributed 60% to 18k rally
Business Today places Shaadi.com amongst top 10 marketers
BusinessLine
S&P forecasts 8.6% GDP growth for 2007-08
Employment outlook for Q4 dips
Business Standard
FIIs net buyers of Rs 1,417cr in cash market
Eicher posts 21% growth in September sales
Govt imposes President's rule in Karnataka
Red Fort Capital to invest $425 mn in real estate
Sensex whizzes past 18K in 789-point rally
Reliance Life on expansion spree
We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
The Sensex story: From 1K to 18K
Big retail gung-ho on expansion
Infy's Nilekani may move to US
Moneycontrol.Com
Stocks that contributed in this historical day
Cabinet approves relief package for sugar ind: FM
Apr-Sep excise mop-up at Rs 54,700 cr, up 6.5% YoY
NRB Bearings among Forbes list of Asia’s Best under bn
Reliance bags marketing & distribution deal for Apple
Top 5 stocks contributed 60% to 18k rally
Business Today places Shaadi.com amongst top 10 marketers
BusinessLine
S&P forecasts 8.6% GDP growth for 2007-08
Employment outlook for Q4 dips
Business Standard
FIIs net buyers of Rs 1,417cr in cash market
Eicher posts 21% growth in September sales
Govt imposes President's rule in Karnataka
Red Fort Capital to invest $425 mn in real estate
Sensex whizzes past 18K in 789-point rally
Reliance Life on expansion spree
We thank the owners of the above articles/sites/sources/Govts for referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Subscribe to:
Posts (Atom)