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 Companys 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 Companys 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 ones 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

Companys IPO:Sr. No Name of the issue Book Running Lead Manager

Religare Capital Markets limited

Date of issue
1 Mar 23,2009 to Mar 25,2009 01/02/2010 TO 03/02/2010

No. of No. of memb bidding ers centers 1 30

Issue Size

FloorPr Exit ice(inR Price(in s) Rs 13.00 50.54

KAUSAR I INDIA LIMITED

974268

EMMBI POLYARNS LIMITED

KEYNOTE CORPORATION SERVICE LIMITED INDIA INFOLINE LTD&SPA MERCHANT BANKERS LTD

84

51

95.74

40TO4 5 155 TO 165

45

INFINITE COMPUTER SOLUTION (INDIA LTD)

11 JAN 2010 TO 13 JAN 2010

121

45

11503

165

Standard Chartered PLC Symbol Series Issue Period Post issue Modification Period Issue Size

STAN EQ May 25, 2010 to May 28, 2010

May 29, 2010 240,000,000 INDIAN DEPOSITORY RECEIPTS (including Anchor investor portion of 36,000,000 IDRs) 100% Book Building Rs 100 to Rs 115 Re. 1/200 IDRs

Issue Type Price Range Tick Size Market Lot

Minimum Order Quantity Maximum Subscription Amount for Retail Investor

200 IDRs

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 Companys potential should not be understated in or lost in the Prospectus because of the weight of such rules, regulations and formalities