The Ifl Enterprises Ltd date has been confirmed from May 27, 2024 – June 25, 2024.
The Ifl Enterprises Ltd. IPO has a fixed issue size of ₹49.53 Crores. They acquired the Direct Selling Agency of PNB Housing Finance, Tata Capital Housing Finance Ltd., and IDFC Bank and are in the process of obtaining DSAs for ICICI Bank, Axis Bank, IDBI Bank, and India Bulls. They are traders in textile products and act as an intermediary between buyers and sellers. They buy goods on a cash basis and provide credit to cash-strapped businessmen in this field.
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Key Details Of Ifl Enterprises Ltd
Bidding Dates
May 27- June 25
Issue Size
₹49.53 Crores
Face Value
₹1 per share
Record Date
May 17, 2024
Ifl Enterprises Ltd Record Date
The Ifl Enterprises Ltd Record Date is May 17, 2024.
IPO Overview
IFL Enterprises Ltd, a subsidiary of India Finsec Ltd, was established in 2009. They specialize in providing corporate advisory, debt syndication, and execution services to small and medium enterprises in both corporate and non-corporate sectors in India. Additionally, they are actively engaged in trading textile products, particularly fabrics.
Ifl Enterprises Ltd Rights Issue Details
| Issue Open | May 27, 2024 – June 25, 2024 |
| Security Name | Ifl Enterprises Ltd |
| Issue Size (Shares) | 125,068,156 |
| Issue Size (Amount) | ₹49.53 Crores |
| Issue Price | ₹3.96 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Ifl Enterprises Ltd Rights Issue Timetable
| Last Date to buy shares | May 16, 2024 |
| Record Date | May 17, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 27, 2024 |
| Renunciation of Rights Entitlements | June 20, 2024 |
| Bid/Offer Closes On | June 25, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Ifl Enterprises Ltd Financial Information
| Period Ended | 31 Mar 2023 |
| Assets | 28.50 |
| Revenue | 9.47 |
| Profit After Tax | 0.52 |
| Amount in ₹ Crore | |
Company Profile
IFL Enterprises Limited is a company that specializes in investments. They provide various financial services including short-term loans, working capital, funding, and loans secured by property. Additionally, they offer corporate advisory services such as restructuring, tax advice, and succession planning.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Ifl Enterprises Ltd |
| Phone number | 7990080239 |
| Email ID | [email protected] |
| Website | iflenterprises.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ifl Enterprises Ltd IPO FAQs
What is the issue price for IFL Enterprises Rights Issue 2024?
IFL Enterprises Rights Issue 2024 price is set at ₹3.96 per share per equity share.
In what ratio is the IFL Enterprises Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 17, 2024).
What is the record date for IFL Enterprises Rights Issue 2024?
The record date for the IFL Enterprises Rights Issue 2024 is May 17, 2024.
What is the issue size of IFL Enterprises Rights Issue 2024?
The issue size of IFL Enterprises Rights Issue 2024 is of 125,068,156 equity shares at ₹3.96 per share aggregating upto ₹49.53 Crores.
