Religare files for 11.3 mn share IPO
Religare Enterprises Ltd. has filed a draft red herring prospectus with the Securities & Exchange Board of India for a initial public offering.
By INDIATIMES NEWS NETWORK |
MUMBAI: Religare Enterprises Ltd. has filed a draft red herring prospectus with the Securities & Exchange Board of India for a initial public offering.
The Ranbaxy promoted financial services company proposes to issue 11,364,152 equity shares of Rs 10 each for cash through the 100% book building process. The equity shares will be listed on the Bombay Stock Exchange and National Stock Exchange.
The company may place up to 3,788,050 equity shares prior to filing of the red herring prospectus. The number of equity shares issued pursuant to the pre-IPO placement will be reduced from the issue, subject to a minimum issue size of 10% of the post-issue capital.
At least 60 % of the issue will be available for allocation to qualified institutional bidders, of which 5 % will be available to mutual funds. Up to 10 % of the issue is allocated for non-institutional investors and up to 30% for retail individual investors. The issue will constitute 15 % of the post-issue capital.
The book running lead managers to the issue are Enam Financial Consultants Private and Citigroup Global Markets India.
The Ranbaxy promoted financial services company proposes to issue 11,364,152 equity shares of Rs 10 each for cash through the 100% book building process. The equity shares will be listed on the Bombay Stock Exchange and National Stock Exchange.
The company may place up to 3,788,050 equity shares prior to filing of the red herring prospectus. The number of equity shares issued pursuant to the pre-IPO placement will be reduced from the issue, subject to a minimum issue size of 10% of the post-issue capital.
At least 60 % of the issue will be available for allocation to qualified institutional bidders, of which 5 % will be available to mutual funds. Up to 10 % of the issue is allocated for non-institutional investors and up to 30% for retail individual investors. The issue will constitute 15 % of the post-issue capital.
The book running lead managers to the issue are Enam Financial Consultants Private and Citigroup Global Markets India.
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