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Initial Public Offering (IPO)
     With Reference To
  Religare Securities LTD
   Submitted By :- Kalpesh Tawde
      ROLL NO:- 180 “B”
         Subject:- Finance
           TYBCOM
INTRODUCTION
This report, as the title “Public issue” suggests, is an attempt to bring forth the importance of
the process of Issue of an Initial Public Offer (IPO).
When a Company issues an IPO, it means it is going public. The issue of an IPO introduces a
great degree of transparency in a Company’s operations. All the relevant and updated
information pertaining to the company is laid down before the investors so that they may make
an investment decision. Again, there are set procedures, rules, regulations and laws to be
followed in laying down this information before the investors. A document called the
‘Prospectus’ must be prepared. The Prospectus captures all the necessary information that is to
be made available to the investors. Apart from the Prospectus, there are various other company
documents that need to be verified and summarized in order to present them before the
investors. Many Intermediaries are appointed for the purpose of managing the public issue of an
IPO of a company. They play a vital role by co-ordinating the activities of the company, the
Regulatory Bodies and Investors. The following are the responsibilities.

Company,to manage the entire process of issue of its IPO, and to present the Company’s
information before the investors in a concise and unambiguous form.

Investors ,to give them all the relevant and updated information on the Company, while at the
same time protecting their interests

Regulatory Bodies such as the Securities and Exchange Board of India, to adhere to all
secretarial and legal work.
HISTORY AND BACKGROUND

RELIGARE Securities Ltd. (RSL) is a wholly owned subsidiary of RELIGARE Financial
Services Ltd. (RFSL), a Company promoted by the late Dr.Parvinder Singh, Ex-CMD of
Ranbaxy Laboratories Ltd.
The primary focus of Religare Securities Ltd. is to cater to services in Capital Market
Operations to Institutional Investors. The Company is a member of the National Stock
Exchange (NSE) and OTCEI. The growing list of financial institutions with whom RSL is
empanelled as approved Broker is a reflection of the high levels of services maintained by the
Company.


ABOUT RELIGARE SECURITIES LIMITED

BRND IDENTITY

Name :-Religare is a Latin word that translates as 'to bind together'. This name has been chosen
to reflect the integrated nature of the financial services the company offers.
Symbol:- The Religare name is paired with the symbol of a four-leaf clover. Traditionally, it is
considered good fortune to find a four-leaf clover as there is only one four-leaf clover for every
10,000 three-leaf clovers found.

For us, each leaf of the clover has a special meaning. It is a symbol of
Hope. Trust. Care. Good Fortune. For the world, it is the symbol of Religare.

The first leaf of the clover represents Hope, The aspirations to succeed. The dream of
becoming, Of new possibilities, It is the beginning of every step and the foundation on which a
person reaches for the stars.

The second leaf of the clover represents Trust, The ability to place one’s own faith in another.
To have A relationship as partners in a team. To accomplish a given goal with the balance that
brings satisfaction to all, not in the binding, but in the bond that is built.

The third leaf of the clover represents care, The secret ingredient that is the cement in every
relationship. The truth of feeling that underlines sincerity and the triumph of diligence in every


aspect. From it springs true warmth of service and the ability to adapt to evolving environments
with consideration to all.
The fourth and final leaf of the clover represents Good Fortune. Signifying that rare ability to
meld opportunity and planning with circumstance to generate those often looked for
remunerative moments of success.

Hope Trust Care Good Fortune. All elements perfectly combine in the emblematic and rare,
four-leaf clover to visually symbolize the values that bind together and form the core of the
Religare vision.

THE RELIGARE EDGE

Diverse offerings
Dynamic Management Team
State-of-the art technology
Vast Distribution and Reach
Robust Brand Recognition
Synergistic partnerships
Innovative Initiative
RELIGARE GLOBAL NETWORK :- Religare operate across multiple
locations & countries.
•INDIA
•DUBAI
•QATAR
•HONG KONG
•MALAYSIA
•SINGAPORE
•TOKYO
•INDONESIA
•BRAZIL
•NEW YORK
•SAN FRANCISCO
•UNITED KINGDOM




                                 Company’s IPO:-
Sr.   Name of       Book           Date         No. of No. of    Issue    FloorPr Exit
No    the issue     Running        of           memb bidding     Size     ice(inR Price(in
                    Lead           issue        ers    centers            s)      Rs
                    Manager
       KAUSAR I       Religare         1
  1     INDIA
                                                  1      30      974268    13.00    50.54
                      Capital         Mar
      LIMITED         Markets      23,2009 to
                      limited         Mar
                                    25,2009

      EMMBI         KEYNOTE        01/02/2010
  2   POLYARNS      CORPORATION
                                                 84      51       95.74   40TO4      45
                                      TO
      LIMITED       SERVICE        03/02/2010                               5
                    LIMITED


      INFINITE          INDIA       11 JAN
  3   COMPUTER        INFOLINE
                                                121    45         11503     155      165
                                     2010
       SOLUTION       LTD&SPA         TO                                    TO
      (INDIA LTD)    MERCHANT
                      BANKERS
                                    13 JAN                                  165
                         LTD
                                     2010
Standard Chartered PLC


Symbol – Series         STAN EQ

Issue Period      May 25, 2010 to May 28, 2010

Post issue
Modification
Period                    May 29, 2010

Issue Size        240,000,000 INDIAN DEPOSITORY
                  RECEIPTS (including Anchor investor
                    portion of 36,000,000 IDRs)

Issue Type            100% Book Building

Price Range            Rs 100 to Rs 115

Tick Size                   Re. 1/-

Market Lot                200 IDRs
Minimum
Order Quantity                             200 IDRs

Maximum
Subscription
Amount for
Retail Investor                            Rs.100000




                                       Conclusion
IPO is used by a company to raise its funds. The extra amount obtained from public may be
invested in the development o f the company, although it costs a little to a company but it gives
a way to get more money for long term investments.

The issue of an IPO by a Company involves a number of stages, each calling for a great deal of
verification. The relevant and updated information on the Company has to be captured precisely
in the Prospectus. The decision by the Investors on whether to invest in a Company is
influenced significantly by the information contained in the Prospectus. The Regulatory Bodies
are also involved and there are set procedures that must be followed. Legal compliance has to
be maintained. Moreover, the Company’s potential should not be understated in or lost in the
Prospectus because of the weight of such rules, regulations and formalities

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Initial public offering

  • 1. Initial Public Offering (IPO) With Reference To Religare Securities LTD Submitted By :- Kalpesh Tawde ROLL NO:- 180 “B” Subject:- Finance TYBCOM
  • 2. INTRODUCTION This report, as the title “Public issue” suggests, is an attempt to bring forth the importance of the process of Issue of an Initial Public Offer (IPO). When a Company issues an IPO, it means it is going public. The issue of an IPO introduces a great degree of transparency in a Company’s operations. All the relevant and updated information pertaining to the company is laid down before the investors so that they may make an investment decision. Again, there are set procedures, rules, regulations and laws to be followed in laying down this information before the investors. A document called the ‘Prospectus’ must be prepared. The Prospectus captures all the necessary information that is to be made available to the investors. Apart from the Prospectus, there are various other company documents that need to be verified and summarized in order to present them before the investors. Many Intermediaries are appointed for the purpose of managing the public issue of an IPO of a company. They play a vital role by co-ordinating the activities of the company, the Regulatory Bodies and Investors. The following are the responsibilities. Company,to manage the entire process of issue of its IPO, and to present the Company’s information before the investors in a concise and unambiguous form. Investors ,to give them all the relevant and updated information on the Company, while at the same time protecting their interests Regulatory Bodies such as the Securities and Exchange Board of India, to adhere to all secretarial and legal work.
  • 3. HISTORY AND BACKGROUND RELIGARE Securities Ltd. (RSL) is a wholly owned subsidiary of RELIGARE Financial Services Ltd. (RFSL), a Company promoted by the late Dr.Parvinder Singh, Ex-CMD of Ranbaxy Laboratories Ltd. The primary focus of Religare Securities Ltd. is to cater to services in Capital Market Operations to Institutional Investors. The Company is a member of the National Stock Exchange (NSE) and OTCEI. The growing list of financial institutions with whom RSL is empanelled as approved Broker is a reflection of the high levels of services maintained by the Company. ABOUT RELIGARE SECURITIES LIMITED BRND IDENTITY Name :-Religare is a Latin word that translates as 'to bind together'. This name has been chosen to reflect the integrated nature of the financial services the company offers.
  • 4. Symbol:- The Religare name is paired with the symbol of a four-leaf clover. Traditionally, it is considered good fortune to find a four-leaf clover as there is only one four-leaf clover for every 10,000 three-leaf clovers found. For us, each leaf of the clover has a special meaning. It is a symbol of Hope. Trust. Care. Good Fortune. For the world, it is the symbol of Religare. The first leaf of the clover represents Hope, The aspirations to succeed. The dream of becoming, Of new possibilities, It is the beginning of every step and the foundation on which a person reaches for the stars. The second leaf of the clover represents Trust, The ability to place one’s own faith in another. To have A relationship as partners in a team. To accomplish a given goal with the balance that brings satisfaction to all, not in the binding, but in the bond that is built. The third leaf of the clover represents care, The secret ingredient that is the cement in every relationship. The truth of feeling that underlines sincerity and the triumph of diligence in every aspect. From it springs true warmth of service and the ability to adapt to evolving environments with consideration to all. The fourth and final leaf of the clover represents Good Fortune. Signifying that rare ability to meld opportunity and planning with circumstance to generate those often looked for remunerative moments of success. Hope Trust Care Good Fortune. All elements perfectly combine in the emblematic and rare, four-leaf clover to visually symbolize the values that bind together and form the core of the Religare vision. THE RELIGARE EDGE Diverse offerings Dynamic Management Team State-of-the art technology Vast Distribution and Reach Robust Brand Recognition Synergistic partnerships Innovative Initiative
  • 5. RELIGARE GLOBAL NETWORK :- Religare operate across multiple locations & countries. •INDIA •DUBAI •QATAR •HONG KONG •MALAYSIA •SINGAPORE •TOKYO •INDONESIA •BRAZIL •NEW YORK •SAN FRANCISCO •UNITED KINGDOM Company’s IPO:- Sr. Name of Book Date No. of No. of Issue FloorPr Exit No the issue Running of memb bidding Size ice(inR Price(in Lead issue ers centers s) Rs Manager KAUSAR I Religare 1 1 INDIA 1 30 974268 13.00 50.54 Capital Mar LIMITED Markets 23,2009 to limited Mar 25,2009 EMMBI KEYNOTE 01/02/2010 2 POLYARNS CORPORATION 84 51 95.74 40TO4 45 TO LIMITED SERVICE 03/02/2010 5 LIMITED INFINITE INDIA 11 JAN 3 COMPUTER INFOLINE 121 45 11503 155 165 2010 SOLUTION LTD&SPA TO TO (INDIA LTD) MERCHANT BANKERS 13 JAN 165 LTD 2010
  • 6. Standard Chartered PLC Symbol – Series STAN EQ Issue Period May 25, 2010 to May 28, 2010 Post issue Modification Period May 29, 2010 Issue Size 240,000,000 INDIAN DEPOSITORY RECEIPTS (including Anchor investor portion of 36,000,000 IDRs) Issue Type 100% Book Building Price Range Rs 100 to Rs 115 Tick Size Re. 1/- Market Lot 200 IDRs
  • 7. Minimum Order Quantity 200 IDRs Maximum Subscription Amount for Retail Investor Rs.100000 Conclusion IPO is used by a company to raise its funds. The extra amount obtained from public may be invested in the development o f the company, although it costs a little to a company but it gives a way to get more money for long term investments. The issue of an IPO by a Company involves a number of stages, each calling for a great deal of verification. The relevant and updated information on the Company has to be captured precisely in the Prospectus. The decision by the Investors on whether to invest in a Company is influenced significantly by the information contained in the Prospectus. The Regulatory Bodies are also involved and there are set procedures that must be followed. Legal compliance has to be maintained. Moreover, the Company’s potential should not be understated in or lost in the Prospectus because of the weight of such rules, regulations and formalities