₹1,271.83 Crores | Listing at BSE, NSE | Tue, Apr 30, 2024 - Tue, May 14, 2024
IIFL Finance Ltd Rights Issue comprises 4.24 Cr equity shares aggregating to ₹1,271.83 Cr, offered at an issue price of ₹300 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Apr 23, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 9.
The term of payment is defined as following : Rights Issue Price: Rs.300 per fully paid-up Equity Share (including a premium of Rs.298 per Equity Share) on application
The Rights Entitlements are expected to be credited to eligible demat accounts on May 24, 2024.
The Rights Issue opens on Apr 30, 2024, and closes on May 14, 2024, with renunciation of Rights Entitlements permitted up to May 8, 2024.
The deemed date of allotment is May 24, 2024, following which the equity shares are expected to be credited to demat accounts on May 27, 2024 and listed at the NSE and the BSE on May 28, 2024.
Ambit Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the IIFL Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Apr 23, 2024
Entitlement Ratio
1 : 9
Open Date
Tue, Apr 30, 2024
Close Date
Tue, May 14, 2024
Rights Issue Price: Rs.300 per fully paid-up Equity Share (including a premium of Rs.298 per Equity Share) on application
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 18 Mar 2021 |
| Assets | 53,001.32 | 45,910.18 | 40,666.92 |
| Revenue | 8,447.11 | 7,006.28 | 5,989.69 |
| Profit After Tax | 1,607.55 | 1,188.25 | 760.81 |
| Reserves and Surplus | 8,915.97 | 6,387.91 | 5,311.75 |
| Total Borrowing | 17,185.18 | 16,073.80 | 16,060.53 |
| Amount in ₹ Crore | |||
Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking Non-Banking Financial Company ("NBFC-ND-SI") registered with the RBI.
They cater to a wide customer base with their extensive range of products in the form of:
The customers of the company include both retail and corporate clients.
As of March 31, 2023, March 31, 2022, and March 31, 2021, the company's consolidated assets under management were ₹ 64,637.64 crores, ₹ 51,209.79 crores, and ₹ 44,688.03 crores, respectively.
[Dilip Davda] IFL is an investor friendly company and is now coming out with a Right Issue at a discount of around 27.73%. It provides all financial related services under one roof and enjoys preference of customers. Investors may park funds for the medium to long term rewards in this worthy bet. Read detail review...
IIFL Finance Rights Issue 2024 got oversubscribed by 1.35 times by the end of the bidding period with total bid quantity received by BSE and NSE of 5,72,03,080 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
May 14 2024 17:00:00 | 4,42,19,795 | 1,29,83,285 | 5,72,03,080 | 1.35x |
IIFL Finance Ltd
IIFL House, Sun Infotech Park
Road No. 16V, Plot No. B-23,
Thane Industrial Area, Wagle Estate, Thane–40060
Thane, Maharashtra
The IIFL Finance Rights Issue 2024 opens on Tue, Apr 30, 2024, and closes on Tue, May 14, 2024.
IIFL Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Apr 29, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, May 8, 2024 |
| Issue Opening Date | Tue, Apr 30, 2024 |
| Issue Closing Date | Tue, May 14, 2024 |
| Date of Allotment (on or about) | Fri, May 24, 2024 |
| Date of Credit (on or about) | Mon, May 27, 2024 |
| Date of Listing (on or about) | Tue, May 28, 2024 |
You can apply for IIFL Finance Rights Issue 2024 in two ways:
Steps to apply for IIFL Finance Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for IIFL Finance Rights Issue 2024 using Registrar's website (R-WAP)
