IFL Enterprises Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 768,000 (47%) | — | ₹154 Cr |
| Retail | — | 768,000 (47%) | — | ₹154 Cr |
| Market Maker | — | 90,000 (6%) | — | ₹2 Cr |
| Σ Total | — | 1,626,000 (100%) | — | ₹3,252 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of Unsecured Loans from NBFC – 2.50
- General Corporate Expenses – 0.34
Company Overview
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.