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IIFL Finance Ltd Rights Issue (IIFL Finance Rights Issue 2024) Detail

April 30, 2024 - May 14, 2024
IIFL Finance Ltd Logo

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:

  1. Home loans
  2. Gold loans
  3. Business loans, including loans against property and medium and small enterprise financing
  4. Microfinance
  5. Construction, and real estate finance
  6. Capital market finance

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.

IIFL Finance Rights Issue 2024 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 Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 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 Financials

Iifl Finance Ltd Financial Information (Restated Consolidated)

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 Ended31 Mar 202331 Mar 202218 Mar 2021
Assets53,001.3245,910.1840,666.92
Revenue8,447.117,006.285,989.69
Profit After Tax1,607.551,188.25760.81
Reserves and Surplus8,915.976,387.915,311.75
Total Borrowing17,185.1816,073.8016,060.53
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards augmenting the capital base of the company.
  1. its existing activities; and
  2. the activities proposed to be funded from the Net Proceeds.

IIFL Finance Rights Issue 2024 Subscription Status

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 Rights Issue 2024 Documents

IIFL Finance Rights Issue 2024 Rating

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Rating:Rated 4.4 stars
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IIFL Finance Rights Issue 2024 Reviews

Company Contact Information

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/

IIFL Finance Rights Issue 2024 Registrar

  1. 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

IIFL Finance Rights Issue 2024 Lead Manager(s)

IIFL Finance Rights Issue 2024 FAQs

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 EntitlementsApril 29, 2024
Last Date for renunciation of Rights EntitlementsMay 8, 2024
Issue Opening DateApril 30, 2024
Issue Closing DateMay 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:

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

Steps to apply for IIFL Finance 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 IIFL Finance Rights Issue 2024 available on the list.
  4. Click the Apply button next to the IIFL Finance 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 IIFL Finance Rights Issue 2024 using Registrar's website (R-WAP)

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

3 Comments

3. Mohammad Athar     Link|May 9, 2024 1:33:50 PM
I bought the company lion the lions have disappeared from the portfolio how to get them back
2. Mohammad Athar     Link|May 9, 2024 1:32:42 PM
I bought the company lion the lions have disappeared from the portfolio how to get them back
1. READIT     Link|May 2, 2024 8:18:23 PM
What should be the right price of IIFL FINANCE - RE

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