Latest IPO Updates IIFL FINANCE LTD Launches Rights Issue, Set to Debut on 30-04-2024!

IIFL FINANCE LTD Launches Rights Issue, Set to Debut on 30-04-2024!

IIFL FINANCE LIMITED , with Security Code 532636, is a leading player in the Non Banking Financial Company (NBFC) industry, categorized under the Financial Services sector, offering Equity instruments. the company is entered into the public market through its Rights Issue, set to launch from 30 Apr 2024 to 14 May 2024. Investors have the opportunity to acquire shares priced at 300.00 each, with a face value of Rs2.00 per share, the market lot for this company is 1.

Security Name IIFL FINANCE LTD
Start Date 30-04-2024
End Date 14-05-2024
Offer Price () 300.00
Face Value 2.00
Type Of Issue RI
Issue Status Live
Security Type Equity
Issue Period 30 Apr 2024 to 14 May 2024
Issue Size – No.of Shares 4,23,94,270
Price (Inclusive Of Premium) 300.00
Market Lot 1
LTP 405.55
Book Running Lead Manager 1) Ambit Private Limited2) Motilal Oswal Investment Advisors Limited
Registrar LINK INTIME INDIA PRIVATE LIMITED
BSE Bid Quantity (ASBA) 2,63,246 As on Apr 30 2024 5:00PM
Cumulative Bid Quantity (ASBA) 3,48,574 As on Apr 30 2024 5:00PM
Remarks Notice no:20240426-11
Notes This Issue of up to 4,23,94,270 Rights Equity Shares for cash at a price of Rs 300 per Equity Share for an amount aggregating to Rs 1,271.83 crores on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 1 Rights Equity Share for every 9 Equity Shares held by the Eligible Equity Shareholders on the Record Date Assuming full subscription in the Issue and subject to finalization of Basis of Allotment

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