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IIFL Finance Rights Issue 2024 vs Sobhagya Merchantile Rights Issue 2024

Comparision between IIFL Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for IIFL Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024. IIFL Finance Rights Issue 2024 is listed on BSE, NSE while Sobhagya Merchantile Rights Issue 2024 is listed on BSE.

  IIFL Finance Ltd Sobhagya Merchantile Ltd.
Logo IIFL Finance Rights Issue 2024 Logo Sobhagya Merchantile Rights Issue 2024 Logo
Listing At BSE, NSE BSE
Terms of Payment

Rights Issue Price: Rs.300 per fully paid-up Equity Share (including a premium of Rs.298 per Equity Share) on application

100% of the Issue Price is payable on Application

Entitlement 1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date 34 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date
Application Form Application Form Application Form
Letter of Offer Letter of Offer Letter of Offer
Registrar Link Intime India Private Ltd Purva Sharegistry India Pvt Ltd
Lead Managers Ambit Private Limited

Motilal Oswal Investment Advisors Limited
Mark Corporate Advisors Private Limited

Rights Issue Size and Price

The issue size of IIFL Finance Rights Issue 2024 rights issue is ₹1,271.83 Crores, whereas Sobhagya Merchantile Rights Issue 2024 rights issue size is ₹17.14 Crores.

  IIFL Finance Ltd Sobhagya Merchantile Ltd.
Issue Size 4,23,94,270 shares 81,60,000 shares
Issue Size (Amount) ₹1,271.83 Crores ₹17.14 Crores
Issue Price ₹300 per share ₹21 per share
Face Value ₹2 per share ₹10 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of IIFL Finance Rights Issue 2024 is Apr 23, 2024 while record date of Sobhagya Merchantile Rights Issue 2024 is Apr 23, 2024.

  IIFL Finance Ltd Sobhagya Merchantile Ltd.
Record Date Apr 23, 2024 Apr 23, 2024
Credit of Rights Entitlements Apr 29, 2024 May 03, 2024
Bid/Offer Opens On Apr 30, 2024 May 06, 2024
Renunciation of Rights Entitlements May 08, 2024 May 16, 2024
Bid/Offer Closes On May 14, 2024 May 21, 2024
Deemed Date of Allotment May 24, 2024 May 28, 2024
Credit Date May 27, 2024 May 29, 2024
Listing Date May 28, 2024 Jun 03, 2024

Financials details

Comparison of IIFL Finance Rights Issue 2024 and Sobhagya Merchantile Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

  IIFL Finance Ltd Sobhagya Merchantile Ltd.
Financial

Iifl Finance Ltd Financial Information (Restated Consolidated)

Iifl Finance Ltd's revenue increased by 20.56% and profit after tax (PAT) rose by 35.29% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202218 Mar 2021
Assets53,001.3245,910.1840,666.92
Revenue8,447.117,006.285,989.69
Profit After Tax1,607.551,188.25760.81
Reserves and Surplus8,915.976,387.915,311.75
Total Borrowing17,185.1816,073.8016,060.53
Amount in ₹ Crore

Sobhagya Merchantile Ltd. Financial Information (Restated Standalone)

Sobhagya Merchantile Ltd.'s revenue increased by 56.5% and profit after tax (PAT) dropped by -2.12% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets87.7851.8734.97
Revenue112.0871.6242.37
Profit After Tax10.7310.967.91
Reserves and Surplus35.3424.6213.64
Amount in ₹ Crore

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