Religare Enterprises Ltd IPO receives 152.67 times subscription

The Initial Public Offering (IPO) of Religare Enterprises Limited closes for subscription today Thursday - November 1, 2007. The IPO opened for subscription on October 29, 2007.

The Issue has received tremendous response from investors with a subscription of 152.67 times till 5:00 PM today (November 1). The IPO has received bids for 1156620325 equity shares against the offer of 7576102 equity shares.

The Issue received bids for 144356275 shares at Cut-off price.

The company is issuing shares in the price band of Rs 160 to Rs 185 through 100% Book Building Process.

Source : Equity Bulls

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