Tuesday, October 23, 2007

IPO DIGEST -- 22/10/07


Religare sets IPO band, eyes up to $35 mn

Religare Enterprises has set a price band of Rs 160-185 per share for its initial public offer, the financial services firm said in a statement.
At upper end of the band, the firm, which is selling 7.57 million shares, would raise Rs 1.4 billion ($35 million).

Crisil assigns 4/5 grading to Edelweiss Capital's IPO

The proposed initial public offering of equities broking firm Edelweiss Capital has been assigned an IPO grade of 4/5 by rating agency Crisil, reflecting that the fundamentals of the issue are above average.

The grading reflects the company's management ability as seen in its success in building one of the largest institutional equities derivative desks in the country, Crisil said in a release today.


 

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