We would like to inform you that pursuant to Letter of Offer ('LOF') dated June 16th, 2025, and in accordance with the finalization of the basis of allotment of the Rights Issue as approved ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IFL Enterprises Limited has completed its Rights Issue, with the Board approving allotment of 49.47 crore (49,47,19,229) fully paid-up equity shares at Rs. 1 per share, which is the face value itself. The Letter of Offer was dated June 16, 2025, and the allotment was cleared on July 11, 2025 after BSE finalized the basis of allotment. Post-allotment, the company's total paid-up equity capital has risen to 124.50 crore (1,24,50,43,393) shares from roughly 75.03 crore shares earlier. The issue was priced entirely at par, with no premium and no discount to face value.
Existing shareholders who did not subscribe to the rights issue face about 40% dilution in their ownership stake. Since the issue price equals face value with no premium, the company raised capital purely by expanding the share count, which is generally value-neutral per share but increases share float substantially.