IIFL Finance Rights Issue 2024 vs Sobhagya Merchantile Rights Issue 2024

Comparison 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 LtdSobhagya Merchantile Ltd.
LogoIIFL Finance Rights Issue 2024 LogoSobhagya Merchantile Rights Issue 2024 Logo
Listing AtBSE, NSEBSE
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

Entitlement1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date34 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date
Application FormApplication Form Application Form
Letter of Offer Letter of Offer Letter of Offer
RegistrarMUFG Intime India Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Lead ManagersMotilal Oswal Investment Advisors Ltd.

Ambit Pvt.Ltd.
Mark Corporate Advisors Pvt.Ltd.

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 LtdSobhagya Merchantile Ltd.
Issue Size4,23,94,270 shares81,60,000 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 LtdSobhagya Merchantile Ltd.
Record DateApr 23, 2024Apr 23, 2024
Credit of Rights EntitlementsApr 29, 2024May 03, 2024
Bid/Offer Opens OnApr 30, 2024May 06, 2024
Renunciation of Rights EntitlementsMay 08, 2024May 16, 2024
Bid/Offer Closes OnMay 14, 2024May 21, 2024
Deemed Date of AllotmentMay 24, 2024May 28, 2024
Credit DateMay 27, 2024May 29, 2024
Listing DateMay 28, 2024Jun 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 LtdSobhagya 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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IIFL Finance Rights Issue 2024 Vs Sobhagya Merchantile Rights Issue 2024