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Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking Non-Banking Financial Company ("NBFC-ND-SI") registered with the RBI.
They cater to a wide customer base with their extensive range of products in the form of:
The customers of the company include both retail and corporate clients.
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.
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 |
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 |
Iifl Finance Ltd's revenue increased by 20.56% and profit after tax (PAT) rose by 35.29% between the financial year ending with March 31, 2023 and March 31, 2022.
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 Rights Issue 2024 got oversubscribed by 1.35 times by the end of the bidding period with total bid quantity received by BSE and NSE of 57,203,080 shares.
IIFL Finance Ltd
IIFL House, Sun Infotech Park
Road No. 16V, Plot No. B-23,
Thane Industrial Area, Wagle Estate, Thane–40060
Phone: :(91-22) 41035000
Email: csteam@iifl.com
Website: https://www.iifl.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: iifl.rights2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The IIFL Finance Rights Issue 2024 opens on April 30, 2024, and closes on May 14, 2024.
IIFL Finance Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | April 29, 2024 |
Last Date for renunciation of Rights Entitlements | May 8, 2024 |
Issue Opening Date | April 30, 2024 |
Issue Closing Date | May 14, 2024 |
Date of Allotment (on or about) | May 24, 2024 |
Date of Credit (on or about) | May 27, 2024 |
Date of Listing (on or about) | May 28, 2024 |
IIFL Finance Rights Issue 2024 price is set at ₹300 per share per equity share.
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).
The record date for the IIFL Finance Rights Issue 2024 is April 23, 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.
The Letter of Offer for IIFL Finance Rights Issue 2024 can be download here.
You can apply for IIFL Finance Rights Issue 2024 in two ways:
Steps to apply for IIFL Finance Rights Issue 2024 using Net Banking (ASBA)
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 IIFL Finance Rights Issue 2024 using Registrar's website (R-WAP)
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