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Incorporated in 1996, IIFL Securities Limited is an independent full-service retail and institutional broking firm. IIFL Securities is a part of the IIFL Group, a leading financial service provider in India offering a wide range of services.
IIFL Securities is a customer-centric company offering;online trading and research-based advisory services for an entire range of financial products like Stocks, Derivatives, Commodities, Insurance, FDs, Loans, Mutual Funds, IPO, and Bonds.
IIFL Securities is a SEBI registered broker, a member of NSE, BSE, MCX, and NCDEX, and has aDepository Participant membership with the NSDL & CDSL. The company is also registered as a Merchant Banker, Portfolio Manager, Investment Advisor, and Research Analyst with SEBI.
IIFL Securities serves over 10 lakh Retail, HNIs, and Institutional clients including FPIs, MFs, FIs, and banks, etc., operating through over 2500 locations (including branches and APs) spread across the country.
| Issue Period | Dec 30, 2020 - Jun 29, 2021 |
| Security Name | IIFL Securities Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹90.00 Crores |
| Buyback Price | ₹54 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Particulars | For the year/period ended (Rs. in Crores) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Revenue | 789.94 | 875.57 | 947.19 |
| Profit After Tax | 233.94 | 171.43 | 180.57 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2020 | 47.00 | 37.00 | 42.00 |
| Oct-2020 | 44.00 | 36.00 | 39.00 |
| Sep-2020 | 46.00 | 36.00 | 39.00 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2020 | 47.00 | 39.00 | 42.00 |
| Oct-2020 | 44.00 | 37.00 | 39.00 |
| Sep-2020 | 46.00 | 36.00 | 39.00 |
The Buyback is undertaken by the Company:
i) To help effectively utilize its available surplus cash.
ii) To enhance overall long term shareholder's value.
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IIFL Securities Limited
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23, MIDC,
Thane Industrial Area, Wagle Estate, Thane 400604
Phone: 91-22-6272-7000
Email: secretarial@iifl.com
Website: https://www.indiainfoline.com/
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: mt.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
Registered Broker
The IIFL Securities Buyback opens on Dec 30, 2020, and closes on Jun 29, 2021.
The IIFL Securities Buyback is a Open Market Through Stock Exchange.
IIFL Securities Buyback Schedule
| Buyback Opening Date | Dec 30, 2020 |
| Buyback Closing Date | Jun 29, 2021 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The IIFL Securities Buyback is being offered at Rs ₹54 per share per equity share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
There is no concept of record date in case of open market through stock exchange mechanism.
The IIFL Securities Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹90.00 Crores with pricing of Rs.₹54 per share.
The Buyback is undertaken by the Company:
i) To help effectively utilize its available surplus cash.
ii) To enhance overall long term shareholder's value.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The IIFL Securities Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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