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IFL Enterprises IPO is a fixed price issue of ₹3.25 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹3.25 crore.
IFL Enterprises IPO bidding started from Mar 7, 2017 and ended on Mar 10, 2017. The shares got listed on BSE SME on Mar 21, 2017.
IFL Enterprises IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is MSB E-Trade Securities Ltd..
Refer to IFL Enterprises IPO RHP for detailed Information.
| IPO Date | March 7, 2017 to March 10, 2017 |
| Listing Date | March 21, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,26,000 shares (aggregating up to ₹3.25 Cr) |
| Reserved for Market Maker | 90,000 shares MSB E-Trade Securities Ltd. (aggregating up to ₹0.1800 Cr) |
| Net Offered to Public | 15,36,000 shares (aggregating up to ₹3.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 13,76,172 shares |
| Share Holding Post Issue | 30,02,172 shares |
IFL Enterprises IPO offers total 16,26,000 shares. Out of which 7,68,000 (47.23%) allocated to NII, 7,68,000 (47.23%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 90,000 (5.54%) |
| NII (HNI) Shares Offered | 7,68,000 (47.23%) |
| Retail Shares Offered | 7,68,000 (47.23%) |
| Total Shares Offered | 16,26,000 (100.00%) |
IFL Enterprises IPO opens on March 7, 2017, and closes on March 10, 2017.
| IPO Open Date | Tue, Mar 7, 2017 |
| IPO Close Date | Fri, Mar 10, 2017 |
| Tentative Listing Date | Tue, Mar 21, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 10, 2017 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2009, IFL Enterprises Ltd, a subsidiary of India Finsec Ltd is engaged in the business of 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 have obtained Direct Selling Agency of PNB Housing Finance, Tata Capital Housing Finance Ltd, and IDFC Bank. Also they are in process of obtaining DSA for ICICI Bank, Axis bank, IDBI Bank and India Bulls. They operate as a trader in textile products, primarily fabrics. IFL act as an intermediary between buyer and seller buying goods on cash basis and providing credit to cash-strapped businessmen in this field.
The Company IFL Enterprises IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Unsecured Loans from NBFC | 2.50 |
| 2 | General Corporate Expenses | 0.34 |
[Dilip Davda] Considering track record and the aggressive pricing of IFL Enterprises BSE SME IPO, only cash surplus risk savvy investors may consider investment for long term. Read detail review...
| Listing Date | March 21, 2017 |
| BSE Script Code | 540377 |
| NSE Symbol | |
| ISIN | INE714U01016 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.80 |
| Low | ₹16.60 |
| High | ₹20.05 |
| Last Trade | ₹20.05 |
IFL Enterprises Ltd.
D-16, 1st Floor,
Prashant Vihar,
Sector-14
Rohini, New Delhi, 110085
Phone: +91 11 2755 5434
Email: iflenterprises@rediffmail.com
Website: http://www.iflenterprises.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: admin@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IFL Enterprises IPO is a SME IPO of 16,26,000 equity shares of the face value of ₹10 aggregating up to ₹3.25 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 7, 2017, and closes on March 10, 2017.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in IFL Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in IFL Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IFL Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IFL Enterprises IPO opens on March 7, 2017 and closes on March 10, 2017.
IFL Enterprises IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in IFL Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IFL Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IFL Enterprises IPO allotment status.
The IFL Enterprises IPO listing date is on Tuesday, March 21, 2017.
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