Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Tue, Mar 7, 2017 - Fri, Mar 10, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 7, 2017
IPO Close
Fri, Mar 10, 2017
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹6.00 Cr
| IPO Date | 7 to 10 Mar, 2017 |
| Listed on | Tue, Mar 21, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,26,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 90,000 shares MSB E-Trade Securities Ltd. (agg. up to ₹0.1800 Cr) |
| Fresh Issue (Ex Market Maker) | 15,36,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 15,36,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 13,76,172 shares |
| Share Holding Post Issue | 30,02,172 shares |
| BSE Script Code | 540377 |
| ISIN | INE714U01016 |
IFL Enterprises IPO comprises a total issue size of 16,26,000 shares. The net offer to the public is 15,36,000 shares, after excluding 90,000 shares allotted on a firm basis. Of the Net offer 7,68,000 (50.00%) allocated to NII 7,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,68,000 | 50.00% | 47.23% |
| Retail Shares Offered | 7,68,000 | 50.00% | 47.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 90,000 | 5.54% | |
| Total Shares Offered | 16,26,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Unsecured Loans from NBFC | 2.50 |
| 2 | General Corporate Expenses | 0.34 |
The IFL Enterprises IPO is subscribed [.] times on March 8, 2017 6:00:00 PM (Day 2). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of selling commissions, Underwriting, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc. and other out of pocket expenses | 0.28 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Regulatory fees and expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹19.80 |
| Low | ₹16.60 |
| High | ₹20.05 |
| Last Trade | ₹20.05 |
Lead Manager Reports
IFL Enterprises IPO is a SME IPO of 16,26,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Mar 7, 2017, and closes on Fri, Mar 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 Tue, Mar 7, 2017 and closes on Fri, Mar 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 Tue, Mar 21, 2017.
