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Ifl Enterprises Ltd Rights Issue (IFL Enterprises Rights Issue 2024) Detail

May 27, 2024 - June 25, 2024
Ifl Enterprises Ltd Logo

Incorporated in 2009, IFL Enterprises Ltd, a subsidiary of India Finsec Ltd is engaged in corporate advisory, debt syndication, and execution services with a focus on small and medium enterprises in corporate and non-corporate sectors in India. They are also involved in the business of trading in textile products primarily fabrics.

They acquired Direct Selling Agency of PNB Housing Finance, Tata Capital Housing Finance Ltd, and IDFC Bank, and are in the process of obtaining DSA for ICICI Bank, Axis Bank, IDBI Bank, and India Bulls. They are a trader in textile products and act as an intermediary between buyers and sellers. They buy goods on cash basis and provide credit to cash-strapped businessmen in this field.

IFL Enterprises Rights Issue 2024 Detail

Issue Open May 27, 2024 - June 25, 2024
Security Name Ifl Enterprises Ltd
Issue Size (Shares) 495,269,896
Issue Size (Amount) ₹49.53 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Full amount of Rs. 18 per Equity Share is payable on application.

Entitlement 198 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date

IFL Enterprises Rights Issue 2024 Issue Timetable

Last Date to buy sharesMay 16, 2024
Record Date May 17, 2024
Credit of Rights Entitlements May 23, 2024
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 July 3, 2024
Credit Date July 8, 2024
Listing Date July 11, 2024

Company Financials

Ifl Enterprises Ltd Financial Information (Restated Consolidated)

Period Ended31 Dec 202431 Mar 2023
Assets29.0628.50
Revenue7.319.47
Profit After Tax1.520.52
Net Worth26.3025.01
Total Borrowing0.52
Amount in ₹ Crore

Objects of the Issue:

The objects of the issue are:

  1. To Meet working capital of the company
  2. General Corporate Purposes; and
  3. Issue Expenses.

IFL Enterprises Rights Issue 2024 Subscription Status

IFL Enterprises Rights Issue 2024 got oversubscribed by 1.21 times by the end of the bidding period with total bid quantity received by BSE of 598,067,435 shares.

IFL Enterprises Rights Issue 2024 Documents

IFL Enterprises Rights Issue 2024 Rating

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IFL Enterprises Rights Issue 2024 Reviews

Company Contact Information

Ifl Enterprises Ltd
Office No. 412, 4th floor Shilp Zaveri,
Samruddhi Soc., Nr. Shyamal Cross Road
Satellite, Ahmedabad, 380015

Phone: 7990080239
Email: Iflenterprice3@gmail.com
Website: https://iflenterprises.com/

IFL Enterprises Rights Issue 2024 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: admin@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

IFL Enterprises Rights Issue 2024 Lead Manager(s)

IFL Enterprises Rights Issue 2024 FAQs

The IFL Enterprises Rights Issue 2024 opens on May 27, 2024, and closes on June 25, 2024.

IFL Enterprises Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsMay 23, 2024
Last Date for renunciation of Rights EntitlementsJune 20, 2024
Issue Opening DateMay 27, 2024
Issue Closing DateJune 25, 2024
Date of Allotment (on or about)July 3, 2024
Date of Credit (on or about)July 8, 2024
Date of Listing (on or about)July 11, 2024

IFL Enterprises Rights Issue 2024 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 198 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date (May 17, 2024).

The record date for the IFL Enterprises Rights Issue 2024 is May 17, 2024.

The issue size of IFL Enterprises Rights Issue 2024 is of 495,269,896 equity shares at ₹1 per share aggregating upto ₹49.53 Crores.

The Letter of Offer for IFL Enterprises Rights Issue 2024 can be download here.

You can apply for IFL Enterprises Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for IFL Enterprises Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the IFL Enterprises Rights Issue 2024 available on the list.
  4. Click the Apply button next to the IFL Enterprises Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for IFL Enterprises Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select IFL Enterprises Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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