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.
The promoters of the company are:
1. India Finsec Limited and
2. Mr. Mukesh Sharma
The object of the issue are:
1. Repayment of Unsecured Loans from NBFC;
2. General Corporate Purposes;
3. Issue Expenses
»» 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 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.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 7, 2017 17:00 IST||132,000|
|Day 2 - Mar 8, 2017 18:00 IST||606,000|
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