IFL Enterprises Ltd has formally sanctioned a rights issue totaling ₹491.4 million, selling shares at ₹1 per share. The entitlement ratio has been fixed at 60:91, with existing shareholders being able to subscribe to further shares.
1. Rights Issue Details & Subscription Timeline
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The rights issue will open on June 19, 2025, and close on June 30, 2025.
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The record date for eligibility is June 13, 2025.
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Investors will receive 60 rights shares for every 91 fully paid equity shares held on the record date.
2. Market Impact & Investor Sentiment
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The funds raised will be used for working capital requirements and general corporate purposes.
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Analysts are of the opinion that the low price of ₹1 per share may usher strong investor participation.
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The company aims to strengthen its financial position, ensuring long-term growth and stability.
Sources: IPO Watch, Chittorgarh, IPO Central