Religare Enterprises IPO Allotment Status

Religare IPO Allotment price fixed at Rs 185/share

Religare Enterprises IPO got Over Subscribed by 161 Times.

Religare IPO Allotment status will be out in another 1 week.But chances of getting shares in Religare Enterprises IPO seems difficult due to huge over subscription.

Check Religare IPO Allotment Status here…. 

Price Band for Religare Enterprises IPO : RS.160-185

The funds raised through Religare IPO would be invested for expansion of domestic operations and branch network, the company said.

Religare Enterprises is a holding company of 11 subsidiaries, engaged in offering financial services targeted at retail, high net worth individuals besides corporate and institutional clients.

The company recently sold 5 per cent stake to Indopark Holdings, a subsidiary of Merrill Lynch for Rs 60.6 crore

Religare Enterprises IPO Allotment status will be updated as soon as available .