IFL Enterprises Offers Rights Issue At 60:91 Ratio To Raise Rs 50 Cr; Open Till June 30

Shares of IFL Enterprises Ltd received significant attention on Wednesday after offering 49,47,19,229 fully paid-up equity shares at a face value and issue price of Rs 1 per share. IFL Enterprises Limited has launched a rights issue that will raise about Rs 49.47 crore. In the ratio of 60 shares to every 91 shares held as of the record date, which was set as June 13, 2025, the issue is being made available to eligible shareholders. The rights issue's subscription period runs from June 23 to June 30, 2025, and the on-market renunciation deadline is June 25, 2025. The company has said that it would use the net proceeds mainly to cover its working capital needs, which total Rs 36.36 crore. The remaining Rs 12.37 crore will be used for general corporate reasons.

According to SEBI regulations, the company must get at least 90% of the subscriptions; if not, the applicants will get their money back within 15 days of the issue closing date. IFL Enterprises has shown strong financial progress, as seen by the rise in profit after tax from Rs 100.01 lakh to Rs 288.43 lakh and total standalone sales from Rs 955.89 lakh to Rs 7,107.17 lakh in FY25. Additionally, the company's net worth increased significantly, rising from Rs 2,575.03 lakh in FY24 to Rs 7,816.13 lakh in FY25. Skyline Financial Services Private Limited is the registrar for the rights issue, and the shares are listed on the BSE, which has given the issue in-principle permission.

IFL Enterprises was established in 2009 and operates in diverse trading activities with a primary focus on fabric, shares, securities, and paper products. The company trades a variety of stationery items, such as writing paper, coated paper, copier paper, duplex boards, and notebooks alongside shares, stocks and bonds.

Now that key operational metrics have improved alongside other core financials, such as revenue growth driven by increasing sales alongside a strengthening profitability profile, along with new funding from the ongoing rights issue, IFL Enterprises plans to strengthen its position while pursuing other growth opportunities within its core trading sectors.

IFL Enterprises' stock concluded Wednesday's trading session on the BSE 1.75% higher at Rs 1.16 a share, with a market value of Rs 144.05 Cr. But during the past year, the stock has seen a lot of volatility, rising to a 52-week high of Rs 1.70 on July 1, 2024, and then falling to a 52-week low of Rs 0.56 on March 28, 2025. This indicates significant selling pressure and investor caution over the period, since it reflects a sharp decline of about 67% from its peak.