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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.

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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 Opening Date Mar 7, 2017
IPO Closing Date Mar 10, 2017
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size1,626,000 Eq Shares of ₹10
(aggregating up to ₹3.25 Cr)

IFL Enterprises IPO Lot Size

The IFL Enterprises IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

IFL Enterprises IPO Review

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...

IFL Enterprises IPO Subscription Status (Bidding Detail)

The IFL Enterprises IPO is subscribed times on 3/8/2017 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)

CategorySubscription (times)

IFL Enterprises IPO Prospectus

IFL Enterprises IPO Rating

56
3.5
Rating:Rated 3.5 stars
Vote Here ...

IFL Enterprises IPO Listing Date

Listing Date Tuesday, March 21, 2017
BSE Script Code 540377
NSE Symbol
Listing In M Group of Securities
ISIN INE714U01016
IPO Price ₹20 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹19.80
₹16.60
₹20.05
₹20.05

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

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

IFL Enterprises IPO Reviews / Ratings

IFL Enterprises IPO FAQs

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 equity share. The minimum order quantity is 6000 Shares.

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.

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

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

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, Edelweiss, 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.

The IFL Enterprises IPO listing date is on Tuesday, March 21, 2017.

IFL Enterprises IPO Message Board

Ranked Members  Ranked Members

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21 Comments

18. Prabhakaran Kuppusamy |May 18, 2017 1:21:44 PM
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).
17. SJAIn |May 9, 2017 8:24:39 PM
I have bid at 58 Rs. Should i withdraw my application and bid to 60 RS ?
16. Ankur Goell |May 9, 2017 10:37:46 AM
Indicative price 700.
15. BABUKALIA |Apr 27, 2017 3:12:22 PM
APPLIED IN 3 APPLICATION..0 ALLOTMENT
14. BABUKALIA |Apr 27, 2017 3:12:19 PM
APPLIED IN 3 APPLICATION..0 ALLOTMENT
13. gundu anna |Apr 26, 2017 6:33:05 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I will likely to apply for a lot, but final decision on last day around 2 pm looking at QIB subscription
12. DSR |Mar 31, 2017 1:26:07 AM
Top Contributor Top Contributor (400+ Posts, 300+ 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.
11. Deepak G. Agarwal |Mar 30, 2017 9:40:15 PM
T segment Listing, where does it say that ?
If its a wrong information, its done by people to thwart any short selling.
10. Deepak G. Agarwal |Mar 30, 2017 9:35:24 PM
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.
9. Rajtheraja |Mar 19, 2017 10:04:20 PM
Anyone tell me about this IPO.listing me Kya hoga???
8. Natvarsinh |Mar 17, 2017 6:41:06 PM
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.
7. ARB |Mar 9, 2017 9:26:34 PM
How to sell SME shares.I have a trading account in ICICI Direct,Tradejini and in Motilal Oswal also.Plz guide me.
6. IPOANALYSIS |Mar 9, 2017 4:52:07 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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

6.1. arbandyo |Mar 10, 2017 6:26:47 AM
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
5. DURAISWAMY |Mar 9, 2017 11:24:44 AM
Funny software bse SME IPO AND AMSONS APPARELS LTD ARE TRADING BELOW THE FACE VALUE. SO AVOID SME IPO.
4. Jasmin |Mar 7, 2017 10:30:24 PM
It''s good to see QIB subscription. Now retail investor may apply.
3. IPOANALYSIS |Mar 7, 2017 5:29:11 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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?
2. Deepak Kumat |Mar 4, 2017 3:18:10 PM
Dear Sir

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

Thanks
2.1. Deepak Kumat |Mar 4, 2017 4:32:24 PM
PLZ REPLY

2.2. SONMAYA |Mar 4, 2017 6:39:32 PM
Top Contributor Top Contributor (400+ Posts)
BIG.....AVOID......
1. pin |Mar 4, 2017 10:50:44 AM
Any gmp or subject to allotment available pls tell me...????