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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

IFL Enterprises IPO Details

IPO DateMar 7, 2017 - Mar 10, 2017
Issue TypeFixed Price Issue IPO
Issue Size1,626,000 Eq Shares of ₹10
(aggregating up to ₹3.25 Cr)
Face Value₹10 Per Equity Share
IPO Price₹20 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

IFL Enterprises IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

IFL Enterprises IPO Subscription Status (Bidding Detail)

IFL Enterprises IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Mar 8, 2017 18:00

IFL Enterprises IPO Prospectus

IFL Enterprises IPO Rating

56
3.5
Rating:Rated 3.5 stars

Vote Here ...

IFL Enterprises IPO Listing Date

Listing DateTuesday, March 21, 2017
BSE Script Code540377
NSE Symbol
Listing InM
ISININE714U01016
IPO Price₹20 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹20.00
₹19.80
₹16.60
₹20.05
₹20.05
420,000

IFL Enterprises IPO Reviews / Ratings

Company Contact Information

IFL Enterprises Ltd
D-16, 1st Floor,
Prashant Vihar, Sector-14,
Rohini, Delhi - 110085

Phone: +91 11 2755 5434
Email: iflenterprises@rediffmail.com
Website: http://www.iflenterprises.com

IFL Enterprises IPO Registrar

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

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

IFL Enterprises IPO FAQs

  1. 1. What is IFL Enterprises IPO?

    IFL Enterprises IPO is a SME IPO of 1,626,000 equity shares of the face value of ₹10 aggregating up to ₹3.25 Crores.

    The issue price of the IPO is ₹20 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Mar 7, 2017 and closes on Mar 10, 2017.

    Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When IFL Enterprises IPO will open?

    The IFL Enterprises IPO opens on Mar 7, 2017 and closes on Mar 10, 2017.

  3. 3. How to apply for IFL Enterprises IPO?

    IFL Enterprises IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When IFL Enterprises IPO allotment?

    The finalization of Basis of Allotment for IFL Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the IFL Enterprises IPO allotment status.

  5. 5. When is IFL Enterprises IPO listing date?

    The IFL Enterprises IPO listing date is on Tuesday, March 21, 2017, at BSE SME.
  6. 6. What is the lot size of IFL Enterprises IPO?

    IFL Enterprises IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

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IFL Enterprises IPO Review / Comments

Prabhakaran Kuppusamy
18. Prabhakaran Kuppusamy  May 18, 2017 13:21
Top Contributor Top Contributor (400+ Posts, 300+ 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).
SJAIn
17. SJAIn  May 9, 2017 20:24
I have bid at 58 Rs. Should i withdraw my application and bid to 60 RS ?
Ankur Goell
16. Ankur Goell  May 9, 2017 10:37
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
Indicative price 700.
BABUKALIA
15. BABUKALIA  Apr 27, 2017 15:12
APPLIED IN 3 APPLICATION..0 ALLOTMENT
BABUKALIA
14. BABUKALIA  Apr 27, 2017 15:12
APPLIED IN 3 APPLICATION..0 ALLOTMENT
gundu anna
13. gundu anna  Apr 26, 2017 18:33
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
DSR
12. DSR  Mar 31, 2017 01:26
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.
Deepak G. Agarwal
11. Deepak G. Agarwal  Mar 30, 2017 21:40
T segment Listing, where does it say that ?
If its a wrong information, its done by people to thwart any short selling.
Deepak G. Agarwal
10. Deepak G. Agarwal  Mar 30, 2017 21:35
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.
Rajtheraja
9. Rajtheraja  Mar 19, 2017 22:04
Anyone tell me about this IPO.listing me Kya hoga???
Natvarsinh
8. Natvarsinh  Mar 17, 2017 18:41
Top Contributor Top Contributor (200+ Posts)
It should be out at any cost by Registrar as per SEBI''S guidelines.So,wait till end of day,mean midnight,everyone.
ARB
7. ARB  Mar 9, 2017 21:26
How to sell SME shares.I have a trading account in ICICI Direct,Tradejini and in Motilal Oswal also.Plz guide me.
IPOANALYSIS
6. IPOANALYSIS  Mar 9, 2017 16:52
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

arbandyo
6.1. arbandyo  Mar 10, 2017 06:26
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
DURAISWAMY
5. DURAISWAMY  Mar 9, 2017 11:24
Funny software bse SME IPO AND AMSONS APPARELS LTD ARE TRADING BELOW THE FACE VALUE. SO AVOID SME IPO.
Jasmin
4. Jasmin  Mar 7, 2017 22:30
It''s good to see QIB subscription. Now retail investor may apply.
IPOANALYSIS
3. IPOANALYSIS  Mar 7, 2017 17:29
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?
Deepak Kumat
2. Deepak Kumat  Mar 4, 2017 15:18
Dear Sir

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

Thanks
Deepak Kumat
2.1. Deepak Kumat  Mar 4, 2017 16:32
PLZ REPLY

SONMAYA
2.2. SONMAYA  Mar 4, 2017 18:39
Top Contributor Top Contributor (300+ Posts)
BIG.....AVOID......
pin
1. pin  Mar 4, 2017 10:50
Any gmp or subject to allotment available pls tell me...????



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