₹11.75 Crores | Listing at BSE | Mon, Jan 27, 2025 - Wed, Feb 5, 2025
Interactive Financial Services Ltd Rights Issue comprises 0.3917 Cr equity shares aggregating to ₹11.75 Cr, offered at an issue price of ₹30 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jan 17, 2025, with the Rights Issue being offered in the entitlement ratio of 13 : 10.
The term of payment is defined as following : Total amount of Rs.30 per Equity Share is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 15, 2025.
The Rights Issue opens on Jan 27, 2025, and closes on Feb 5, 2025, with renunciation of Rights Entitlements permitted up to Jan 31, 2025.
The deemed date of allotment is Feb 15, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 20, 2025 and listed at the BSE on Feb 24, 2025.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Interactive Financial Services Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 17, 2025
Entitlement Ratio
13 : 10
Open Date
Mon, Jan 27, 2025
Close Date
Wed, Feb 5, 2025
Total amount of Rs.30 per Equity Share is payable on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 13.38 | 9.29 |
| Revenue | 3.48 | 2.78 |
| Profit After Tax | 0.61 | 1.2 |
| Reserves and Surplus | 9.48 | 5.6 |
| Amount in ₹ Crore | ||
Incorporated in October 1994, Interactive Financial Services Limited operates as IT solutions provider and is also registered as a Category-I- I Merchant Banker with SEBI, providing services in various areas of capital markets which include Merchant Banking Services and Corporate Advisory Services, etc.
The company provides services in various capital market areas, including Merchant Banking Services and Corporate Advisory Services.
Interactive Finacial Services offers SME services such as SME Listing, Valuation of companies for various transactions, migration to the main board, takeovers and business advisory.
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is a SEBI registered Category-1 merchant banker providing all related services for the primary/capital markets. It marked minuscule financial performance till FY24. The sudden boost in its top and bottom lines in pre-RI period raises eyebrows and concern over its sustainability. It appears to be a cooked one to fetch fancy valuations. With this offer, the company is planning to increase its Net-worth, which is highly surprising. There is no harm in skipping this “High Risk/No Return” pricey bet. Read detail review...
Interactive Financial Services Rights Issues 2025 got oversubscribed by 1.42 times by the end of the bidding period with total bid quantity received by BSE of 55,56,670 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 05 2025 17:00:00 | 55,56,670 | 1.42x |
Interactive Financial Services Ltd
Office No. 508
Fifth Floor, Priviera, Nehru Nagar
Ahmedabad – 380015
Ahmedabad, Gujarat, 380015
The Interactive Financial Services Rights Issues 2025 opens on Mon, Jan 27, 2025, and closes on Wed, Feb 5, 2025.
Interactive Financial Services Rights Issues 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 24, 2025 |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 31, 2025 |
| Issue Opening Date | Mon, Jan 27, 2025 |
| Issue Closing Date | Wed, Feb 5, 2025 |
| Date of Allotment (on or about) | Sat, Feb 15, 2025 |
| Date of Credit (on or about) | Thu, Feb 20, 2025 |
| Date of Listing (on or about) | Mon, Feb 24, 2025 |
You can apply for Interactive Financial Services Rights Issues 2025 in two ways:
Steps to apply for Interactive Financial Services Rights Issues 2025 using Net Banking (ASBA)
Steps to apply for Interactive Financial Services Rights Issues 2025 using Registrar's website (R-WAP)
