05 Nov 07 Religare IPO Issue Price has been fixed

Religare Enterprises Limited, in a press announcement made today said that the Religare IPO Issue Price has been fixed. As expected by everybody the Religare IPO Issue Price has been fixed at the upper end of the price band. Since the Religare IPO was oversubscribed by over 160 times, investors had expected that the ipo issue price will be fixed at Rs. 185 which is the cap price. Religare IPO allotment will be very tough to obtain.

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