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IFL Enterprises IPO
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IFL Enterprises is a subsidiary of India Finsec Limited, and represents the other business activities of the group. The company is engaged in the business of corporate advisory, debt syndication and execution services with paramount focus on small and medium enterprises (SMEs) in corporate and non-corporate sector. Further, IFL Enterprises is also involved in the business of trading in textile products primarily fabrics. The company has obtained Direct Selling Agency of PNB Housing Finance, Tata Capital Housing Finance Limited, and IDFC Bank. Further, the company is in the process of obtaining DSA for ICICI Bank, Axis Bank, IDBI Bank and India Bulls. Due to these DSAs and its strong network amongst the debt finance market; the company mentors and helps small and medium enterprises to raise banking and institutional finance.
IFL Enterprises acts as an intermediary between buyer and seller buying goods on cash basis and providing credit to cash-strapped businessmen in this field. The company operates these businesses from its registered office at D-16, 1st Floor, Prashant Vihar, Sector-14, Rohini, New Delhi- 11008, Delhi.
Promoters of IFL Enterprises Limited – India Finsec Limited and Mr. Mukesh Sharma
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IFL Enterprises IPO details |
|
| Subscription Dates | 7 – 10 March 2017 |
| IPO Price band | INR20 per share |
| Fresh issue | 1,626,000 (INR3.25 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,626,000 (INR3.25 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
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IFL Enterprises’ financial performance (in INR lakhs) |
|||||
|
FY2012 |
FY2013 | FY2014 | FY2015 |
FY2016 |
|
| Total revenue |
3.02 |
2.40 | 8.26 | 7.95 |
39.22 |
| Total expenses |
3.00 |
2.37 | 8.23 | 7.90 |
20.49 |
| Profit after tax |
0.01 |
0.02 | 0.02 | 0.03 |
12.94 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.08 |
| Day 2 | Â 0.37 |
| Day 3 | Â 1.03 |
| Day 4 | Â 1.96 |
IFL Enterprises Limited
D-16, 1st Floor, Above ICICI Bank, Prashant Vihar,
Sector 14, Rohini, Delhi 110 085
Phone:Â +91 011 2755Â 5434
Email: [email protected]
Website: www.iflenterprises.com
Skyline Financial Services Private Limited
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110 020
Phone: +91 11Â 6473 2681
Fax: +91 11 2681 2682
Email: [email protected]
Website: www.skylinerta.com
IFL Enterprises IPO allotment status will be available on Skyline Financial Services’ website. You can check IPO allotment status at this link
http://www.skylinerta.com/ipo.php
IPO Opening Date: 7 March 2017
IPO Closing Date: Â 10 March 2017
Finalization of Basis of Allotment:Â 16 March 2017
Initiation of refunds: 17 March 2017
Credit of Equity Shares:Â 20 March 2017
Listing Date:Â 21 March 2017
Listing Price on BSE SME: INR19.8 per share (discount of 1% on IPO price)
Closing Price on BSE SME:Â INR20.05 per share (flat from IPO price)
Another rotten apple. Not even 1 lakh profit in combined four years (before last year) and wants 3 crore! Don’t risk your money, stay away. This market can correct now…