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IFL Enterprises Ltd IPO (IFL Enterprises IPO) Detail

Mar 7, 2017 - Mar 10, 2017

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.

Company Promoters:

The promoters of the company are:

1. India Finsec Limited and
2. Mr. Mukesh Sharma

Objects of the Issue:

The object of the issue are:

1. Repayment of Unsecured Loans from NBFC;
2. General Corporate Purposes;
3. Issue Expenses

Issue Detail:

  »»  Issue Open: Mar 7, 2017 - Mar 10, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,626,000 Equity Shares of Rs 10 aggregating up to Rs 3.25 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 20 Per Equity Share
  »»  Market Lot: 6000 Shares
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: BSE SME

IFL Enterprises IPO Reviews / Recommendations:

Dilip Davda - Avoid

 

IFL Enterprises IPO Subscription Status / Live Bidding Status

IFL Enterprises IPO Subscription Status tells if IFL Enterprises IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. IFL Enterprises IPO oversubscribed if bids are received for more shares than what is offered by the company.

IFL Enterprises IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeTotal
Shares Offered / Reserved
Day 1 - Mar 7, 2017 17:00 IST132,000
Day 2 - Mar 8, 2017 18:00 IST606,000

IFL Enterprises IPO Prospectus

IFL Enterprises IPO Rating

56
3.5
Rating:Rated 3.5 stars

Vote Here ...

IFL Enterprises IPO Listing Date

  •   ›  Listing Date: Tuesday, March 21, 2017
  •   ›  BSE Script Code: 540377
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE714U01016
  •   ›  Issue Price: Rs 20 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 20.00
Rs 19.80
Rs 16.60
Rs 20.05
Rs 20.05
420,000

IFL Enterprises IPO News Alerts

  1. Friday, March 10, 2017 12:00:00 AM
    IFL Enterprises Ltd IPO - Close
  2. Tuesday, March 7, 2017 12:00:00 AM
    IFL Enterprises Ltd IPO - Open

Company Contact Information

IFL Enterprises Ltd
D-16, 1st Floor,
Prashant Vihar, Sector-14,
Rohini, Delhi - 110085
Phone: +91 11 2755 5434
Fax: +91 11 2702 9051
Email: iflenterprises@rediffmail.com
Website: http://www.iflenterprises.com

IFL Enterprises IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: admin@skylinerta.com
Website: http://www.skylinerta.com

IFL Enterprises IPO Lead Manager(s)

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IFL Enterprises IPO Review / Comments

avatar
18. Prabhakaran Kuppusamy  May 18, 2017 12:21:44 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
It is worth buying IFL at 10 INR/share (fair price would be 7-8 INR/share).
Now its PE is 16 compared to its peers trading at 11 (but it''s book looks better than the peers).
avatar
17. SJAIn  May 9, 2017 7:24:39 PM IST I Like It. | Report Abuse
I have bid at 58 Rs. Should i withdraw my application and bid to 60 RS ?
avatar
16. Ankur Goell  May 9, 2017 9:37:46 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Indicative price 700.
avatar
15. BABUKALIA  Apr 27, 2017 2:12:22 PM IST I Like It. | Report Abuse
APPLIED IN 3 APPLICATION..0 ALLOTMENT
avatar
14. BABUKALIA  Apr 27, 2017 2:12:19 PM IST I Like It. | Report Abuse
APPLIED IN 3 APPLICATION..0 ALLOTMENT
avatar
13. gundu anna  Apr 26, 2017 5:33:05 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I will likely to apply for a lot, but final decision on last day around 2 pm looking at QIB subscription
avatar
12. DSR  Mar 31, 2017 12:26:07 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I think allotment is finalized. ASBA locked amount re-appearing in my savings account as increased available balance. This time again I did not get the allotment.
avatar
11. Deepak G. Agarwal  Mar 30, 2017 8:40:15 PM IST I Like It. | Report Abuse
T segment Listing, where does it say that ?
If its a wrong information, its done by people to thwart any short selling.
avatar
10. Deepak G. Agarwal  Mar 30, 2017 8:35:24 PM IST I Like It. | Report Abuse
Can someone please inform where is it mentioned about the T segment listing ? I have not seen it anywhere.

In case its not mentioned about the T segment listing, it could be a ploy to thwart any short selling tomorrow.

Pls guide us as to where is it mentioned about the T segment listing.
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9. Rajtheraja  Mar 19, 2017 9:04:20 PM IST I Like It. | Report Abuse
Anyone tell me about this IPO.listing me Kya hoga???
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8. Natvarsinh  Mar 17, 2017 5:41:06 PM IST I Like It. | Report Abuse
It should be out at any cost by Registrar as per SEBI''S guidelines.So,wait till end of day,mean midnight,everyone.
avatar
7. ARB  Mar 9, 2017 8:26:34 PM IST I Like It. | Report Abuse
How to sell SME shares.I have a trading account in ICICI Direct,Tradejini and in Motilal Oswal also.Plz guide me.
avatar
6. IPOANALYSIS  Mar 9, 2017 3:52:07 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
ALL THREE OPEN SME IFL ENTERPRISE ,SARTHAK METAL AND MANOMAY TEX ARE FUNDAMENTALLY VERY WEAK COMPANIES.

DO NOT APPLY IN ANY OF THEM

MANY BETTER COMPANIES AVAILABLE IN SECONDARY MARKET.

MY PERSONAL FAVOURITES WHICH CAN BE BOUGHT AND GIVE MULTIBAGGER RETURNS

1) JET FREIGHT LOGISTICS
2) AURANGABAD DISTILLERY
3) Fourth dimension
4) lancer container
5)hitech pipe
6) cawasji behramji
7) jiya ecoproducts
8)loyal equipment
9)advance syntex
10)dra consultant

Add above 10 sme in your portfolio for multibagger retruns

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6.1. arbandyo  Mar 10, 2017 5:26:47 AM IST I Like It. | Report Abuse
Loyal equipment took more than one journey to cross its issue price. But run was fascinating i foo posses that but could not exit at 54. The high.than
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5. DURAISWAMY  Mar 9, 2017 10:24:44 AM IST I Like It. | Report Abuse
Funny software bse SME IPO AND AMSONS APPARELS LTD ARE TRADING BELOW THE FACE VALUE. SO AVOID SME IPO.
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4. Jasmin  Mar 7, 2017 9:30:24 PM IST I Like It. | Report Abuse
It''s good to see QIB subscription. Now retail investor may apply.
avatar
3. IPOANALYSIS  Mar 7, 2017 4:29:11 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
DoES IT HAVE REVENUE OF ONLY 1.86 core and profit of 3 lakh.

how can such come up with an sme with such low turnover company?
avatar
2. Deepak Kumat  Mar 4, 2017 2:18:10 PM IST I Like It. 2 | Report Abuse
Dear Sir

Plz advice should I apply one lot. What are your opinion

Thanks
avatar
2.1. Deepak Kumat  Mar 4, 2017 3:32:24 PM IST I Like It. | Report Abuse
PLZ REPLY

avatar
2.2. SONMAYA  Mar 4, 2017 5:39:32 PM IST I Like It. 4 | Report Abuse
Top Contributor Top Contributor (300+ Posts)
BIG.....AVOID......
avatar
1. pin  Mar 4, 2017 9:50:44 AM IST I Like It. | Report Abuse
Any gmp or subject to allotment available pls tell me...????
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