Stock Market Today: IFL Enterprises rights issue opens this week. As per the company, the issue is set to open on 19 June 2025. Here are price, date, size, other details about the issue
IFL Enterprises Limited announced on the exchanges that it has received approval to raise Rs. 49.14 crore from the rights issue. The board of directors in the meeting held on June 9, 2025, considered and approved the rights issue. The said rights issue opens for Subscription from June 19, 2025, as per the company.
IFL Enterprises Rights issue price, date, size, other details
IFL Enterprises Rights issue Price: Share in Rights Issue has been priced at Rs. 1 per share
IFL Enterprises Rights Issue Size—The company plans to raise ₹49.14 crore from the rights issue by issuing 49,147,662 fully paid-up equity shares of face value ₹1 each.
IFL Enterprises—About the company
IFL Enterprises Limited is engaged in the agri-commodity business, including the import, export, and trading of agri-commodities.
IFL Enterprises Rights Issue Date—The rights issue will open for subscription on June 19, 2025, and remain open until June 30, 2025.
IFL Enterprises Rights Issue Record date—Shareholders holding equity shares of IFL Enterprises as of the record date—June 13, 2025—will be eligible to apply for the rights shares
IFL Enterprises Rights Issue entitlement
Shareholders holding equity shares of IFL Enterprises as of the record date will be eligible to apply for the rights shares in the ratio of 60 rights equity shares for every 91 fully paid-up equity shares held. The last date for on-market renunciation of REs is June 24, 2025.
IFL Enterprises Rights Issue—Objectives of the Issue
Proceeds from the issue will be used to strengthen the company’s financial position and support general corporate purposes, as per the company’s release.
IFL Enterprises financials For the financial year that ended March 2025, the company achieved revenue from operations of Rs. 120.60 crore, over a 13-fold rise as compared to the revenue of Rs. 8.24 crore in the FY 2023-24. Net profit also rose to Rs. 2.99 crores for FY25, compared to Rs. 84.5 lakh in FY24, a 254% Y-o-Y growth. The company has reported a consolidated net profit of Rs. 3.04 crore in Q4 FY25. Revenue from operations during Q4FY25 reported a multifold rise to Rs. 72.13 crore as against revenue of Rs. 1.98 crore in Q4FY24.
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