IIFL Finance Rights Issue 2024 Date, Price, Allotment, Ratio

IIFL Finance Rights issue date is fixed, the rights issue is to open on April 30 and will close on May 14, 2024. The IIFL Finance Rights issue record date is April 23, 2024. The company is to offer 42,394,270 equity shares at a price of ₹300 per share. The IIFL Finance Rights issue size will be ₹1271.83 Crores. The entitlement ratio is 1:9, 1 rights share for every 9 fully-paid equity shares held on the record date. Check out IIFL Finance rights issue details.

iifl-finance-rights-issue

Table of Contents

IIFL Finance is a Non-Banking Financial Company – Middle Layer (“NBFC-ML”) registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Their offerings include home loans, gold loans, loans against property and medium and small enterprise financing, microfinance, construction and real estate finance, and capital market finance, catering to both retail and corporate clients. The Company has received registration as a Non-Banking Financial Company bearing registration number N-13.02386 vide certificate dated March 6, 2020. Over the past several years, they have diversified their products and expanded their presence into segments that are of greater relevance to the evolving business environment and customer demand trends. Their key strategy is to steadily grow high-quality, diversified retail assets focusing on under-banked segments, with effective risk management and cost optimization through well-defined processes and leveraging technology.

IIFL Finance Rights Issue Review

  • Avoid / Risky

IIFL Finance Rights Issue 2024 Dates & Time Table

Rights Issue Open:April 30, 2024
Rights Issue Close:May 14, 2024
Rights Record Date:April 23, 2024
Deemed Date of AllotmentMay 24, 2024
Renunciation of Rights EntitlementsMay 8, 2024

IIFL Finance Rights Issue 2024 Offer Details

Rights Issue Size:Approx ₹1271.83 Crores
Price Band:₹300 Per Equity Share
Face Value:₹2 Per Equity Share
Listing on:BSE, NSE
Entitlement Ratio: 1:9 (1 rights share for every 9 shares)
Equity:42,394,270 Equity Share
Letter of Offer:Click Here
Application Form:Click Here
Live Share Price:Click Here

IIFL Finance Rights Issue 2024 Form & How to Apply

You can apply for IIFL Finance Rights Issue 2024 in two ways:

  • Net Banking (ASBA)
  • Registrar’s Website (R-WAP Facility)

IIFL Finance Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹3436.21₹3061.76342.58
2022₹4089.25₹3121.88745.48
2023₹4088.69₹3045.97805.49

IIFL Finance Rights Issue 2024 Allotment Status

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html

Check IIFL Finance Rights issue on Link Intime website allotment URL. Click Here

IIFL Finance Rights Issue 2024 Lead Managers

  • Ambit Private Limited
  • Motilal Oswal Investment Advisors Limited

Company Address:

IIFL Finance Ltd
IIFL House, Sun Infotech Park
Road No. 16V, Plot No. B-23,
Thane Industrial Area, Wagle Estate, Thane–40060
Phone: :(91-22) 41035000
Email: [email protected]
Website: https://www.iifl.com/

IIFL Finance Rights Issue 2024 FAQs:


When is IIFL Finance Rights Issue 2024 Record Date?

IIFL Finance Rights Issue 2024 record date is April 23, 2024.

What is IIFL Finance Rights Issue 2024 Price?

The company has fixed the price at ₹300 per equity share.

What is the IIFL Finance Rights Issue 2024 Ratio?

The company has fixed the ratio (1:9), 1 Rights Equity Share for every 9 Equity Shares as on record date.

How to apply for IIFL Finance Rights Rights Issue 2024?

As per the record date you need to have IIFL Finance Rights shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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