Welcome to our analysis of IIFL FINANCE LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 30 Apr 2024 to 14 May 2024. IIFL FINANCE LTD, offers shares priced between 300.00 each, with a face value of ₹2.00 per share.
| 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 | Forthcoming |
| Letter Of Offer | Click here |
| Application Form | Click here |
| Abridged Letter | Click here |
| 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 | 415.10 |
| Book Running Lead Manager | 1) Ambit Private Limited2) Motilal Oswal Investment Advisors Limited |
| Registrar | LINK INTIME INDIA PRIVATE LIMITED |
| 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 |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and LINK INTIME INDIA PRIVATE LIMITED acts as the registrar. are the sponsor banks.
