The Iifl Finance Ltd date has been confirmed from April 30, 2024 – May 14, 2024.
The Iifl Finance Ltd. IPO has a fixed issue size of ₹1,271.83 Crores. Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking Non-Banking Financial Company (“NBFC-ND-SI”) registered with the RBI. As of March 31, 2023, March 31, 2022, and March 31, 2021, the company’s consolidated assets under management were ₹ 64,637.64 crores, ₹ 51,209.79 crores, and ₹ 44,688.03 crores, respectively.
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Key Details Of Iifl Finance Ltd Industries
Bidding Dates
April 30- May 14
Issue Size
₹1,271.83 Crores
Face Value
₹2 per share
Record Date
April 23, 2024
Iifl Finance Ltd IPO
The Iifl Finance Ltd Record Date is April 23, 2024.
IPO Overview
IIFL Finance Limited, also known as IIFL, is a significant player in India’s financial services sector. Along with its subsidiaries – IIFL Home Finance Limited, IIFL Samasta Finance Limited (formerly Samasta Microfinance Limited), and IIFL Open Fintech Private Limited- it offers various loans and mortgages.
The company offers various types of loans, such as home loans, gold loans, business loans (including loans against property and financing for medium and small enterprises), microfinance, developer and construction finance, and capital market finance. These loans cater to both retail and corporate clients. The company has a strong nationwide presence with over 2600 branches in over 500 cities.
Iifl Finance Ltd Rights Issue Detail
Issue Open | April 30, 2024 – May 14, 2024 |
Security Name | IIFL Finance Ltd |
Issue Size (Shares) | 42,394,270 |
Issue Size (Amount) | ₹1,271.83 Crores |
Issue Price | ₹300 per share |
Face Value | ₹2 per share |
Listing At | BSE, NSE |
Terms of Payment | Rights Issue Price: Rs.300 per fully paid-up Equity Share (including a premium of Rs.298 per Equity Share) on application |
Entitlement | 1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date |
Iifl Finance Ltd Financial Information
Period Ended | 31 Mar 2023 | 31 Mar 2022 | 18 Mar 2021 |
Assets | 53,001.32 | 45,910.18 | 40,666.92 |
Revenue | 8,447.11 | 7,006.28 | 5,989.69 |
Profit After Tax | 1,607.55 | 1,188.25 | 760.81 |
Reserves and Surplus | 8,915.97 | 6,387.91 | 5,311.75 |
Total Borrowing | 17,185.18 | 16,073.80 | 16,060.53 |
Amount in ₹ Crore |
Iifl Finance Ltd IPO Timeline
Last Date to buy shares | April 22, 2024 |
Record Date | April 23, 2024 |
Credit of Rights Entitlements | April 29, 2024 |
Bid/Offer Opens On | April 30, 2024 |
Renunciation of Rights Entitlements | May 8, 2024 |
Bid/Offer Closes On | May 14, 2024 |
Deemed Date of Allotment | May 24, 2024 |
Credit Date | May 27, 2024 |
Listing Date | May 28, 2024 |
Company Profile
Objects of the Issue:
The company intends to utilize the gross proceeds raised through the Issue for the following objects:
- Home loans
- Gold loans
- Business loans, including loans against property and medium and small enterprise financing
- Microfinance
- Construction, and real estate finance
- Capital market finance
Contact Info
Name | Iifl Finance Ltd |
Phone number | (91-22) 41035000 |
Email ID | [email protected] |
Website | www.iifl.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.
Iifl Finance Ltd FAQs
What is the issue price for IIFL Finance Rights Issue 2024?
IIFL Finance Rights Issue 2024 price is set at ₹300 per share per equity share.
In what ratio is the IIFL Finance Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date (April 23, 2024).
What is the record date for IIFL Finance Rights Issue 2024?
The record date for the IIFL Finance Rights Issue 2024 is April 23, 2024.
What is the issue size of IIFL Finance Rights Issue 2024?
The issue size of IIFL Finance Rights Issue 2024 is of 42,394,270 equity shares at ₹300 per share aggregating upto ₹1,271.83 Crores.