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IFL Enterprises IPO is a fixed price issue of Rs 3.25 crores.
IFL Enterprises IPO bidding started from March 7, 2017 and ended on March 10, 2017. The shares got listed on BSE SME on March 21, 2017.
IFL Enterprises IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the IFL Enterprises IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
| IPO Date | March 7, 2017 to March 10, 2017 |
| Listing Date | March 21, 2017 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,626,000 shares (aggregating up to ₹3.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
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 object of the issue are:
1. Repayment of Unsecured Loans from NBFC;
2. General Corporate Purposes;
3. Issue Expenses
[Dilip Davda] Considering track record and the aggressive pricing of IFL Enterprises BSE SME IPO, only cash surplus risk savvy investors may consider investment for long term. Read detail review...
The IFL Enterprises IPO is subscribed times on March 8, 2017 6:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | March 21, 2017 |
| BSE Script Code | 540377 |
| NSE Symbol | |
| ISIN | INE714U01016 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹19.80 |
| ₹16.60 |
| ₹20.05 |
| ₹20.05 |
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
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: admin@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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 is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on March 7, 2017, and closes on March 10, 2017.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The IFL Enterprises IPO opens on March 7, 2017 and closes on March 10, 2017.
IFL Enterprises IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in IFL Enterprises IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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.
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IPO Mentor (1300+ Posts, 400+ Likes)
Now its PE is 16 compared to its peers trading at 11 (but it''s book looks better than the peers).