IFL Enterprises IPO

IFL Enterprises IPO

IFL Enterprises IPO

 

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

IFL Enterprises IPO details

Subscription Dates7 - 10 March 2017
IPO Price bandINR20 per share
Fresh issue 1,626,000 (INR3.25 crore)
Offer for sale Nil
Total IPO size1,626,000 (INR3.25 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME

 

IFL Enterprises' financial performance (in INR lakhs)

FY2012

FY2013FY2014FY2015

FY2016

Total revenue

3.02

2.408.267.95

39.22

Total expenses

3.00

2.378.237.90

20.49

Profit after tax

0.01

0.020.020.03

12.94

Day

Subscription (no. of times)

Day 1 0.08
Day 2 0.37
Day 3 1.03
Day 4 1.96

IFL Enterprises Limited
D-16, 1st Floor, Above ICICI Bank, Prashant Vihar,
Sector 14, Rohini, Delhi 110 085

Phone: +91 011 2755 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 11 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:  10 March 2017

Finalization of Basis of Allotment: 16 March 2017

Initiation of refunds: 17 March 2017

Credit of Equity Shares: 20 March 2017

Listing Date: 21 March 2017

Listing Price on BSE SME: INR19.8 per share (discount of 1% on IPO price)

Closing Price on BSE SME: INR20.05 per share (flat from IPO price)

One thought on “IFL Enterprises IPO

  • March 4, 2017 at 5:37 PM
    Permalink

    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…

    Reply

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