News
>>
BRIC
>>
India
>> Religare Enterprises
Religare Enterprises soars 182% on debut
21 November 2007
Religare Enterprises Limited (REL), the Indian financial services company, made its debut on the Bombay Stock Exchange (BSE) today.
The stock listed at Rs 323 against the IPO price of Rs 185, which means 75% premium. It closed with a premium of Rs 337, or 182%, at Rs 521.70. Total volume of shares traded was 11,197,820.
"The growth has been very phenomenal, EPS for half year was around Rs 5.7 and we expect the same to continue. Some our large businesses has started, over the last three years we have created the large reach in the market," said Shachindra Nath, Group COO, Religare Enterprises.
The Religare Enterprises IPO had ended on 2 November 2007 with 160.56 times subscription. The IPO received total bids for 121.64 crore shares as against the issue size of 75.76 lakh shares.
Current share price of Religare Enterprises on the BSE: Rs. 521.70
|
|
|
