The qualified institutional buyers (QIBs) category was subscribed 184.94 times. The total bids in this category were for 84.07 crore shares as against 45.45 lakh shares allotted for this category.

The non institutional investors category, made up of corporates and high-net individuals, was subscribed 215.44 times. The total bids in this category were for 16.32 crore shares as against 7.57 lakh shares assigned for this category.

The retail investors category was category was subscribed 93.50 times. The total bids in this category were for 21.25 crore shares compared with 22.72 lakh shares allotted for this category.

The company has fixed the price band of the issue at Rs 160-185 per share of Rs 10 each through 100% book building process. The issue will close on 1 November 2007.

At the lower price band, the company would raise around Rs 121.21 crore and at upper price band it would garner Rs 140.15 crore.

The company plans to use the proceeds to finance expansion of its domestic operations, and investing in subsidiaries Religare Securities and Religare Insurance Broking.

Religare Enterprises, a financial services provider, is a holding company of 11 subsidiaries, targeting retail, high net worth individuals, besides corporate and institutional clients.

Indopark Holdings, a subsidiary of Merrill Lynch, recently bought 5% stake in the company for Rs 60.6 crore.

The book running lead managers to the issue are Enam Securities and Citigroup Global Markets India.|