IFL Enterprises Rights Issue to Open on June 19: Intends to Raise ₹49.14 Crore

Agri-commodity trading firm IFL Enterprises has announced that its board has approved a rights issue to raise up to ₹49.14 crore by issuing equity shares to existing shareholders.

Rights Issue Details and Subscription Timeline

The rights issue will open for subscription on June 19, 2025, and will remain open until June 30, 2025. Shares are attractively priced at ₹1 per share, giving current shareholders the opportunity to increase their stake in the company at a discounted rate. The board approved the rights issue during its meeting held on June 9, 2025.

The record date for determining shareholder eligibility for this rights issue is set as June 13, 2025. Shareholders on this date will be entitled to apply for rights shares at the ratio of 60 rights equity shares for every 91 fully paid-up equity shares held. The last date for on-market renunciation of rights entitlement is June 24, 2025.

Rights Issue Size and Utilisation of Funds

The rights issue comprises 49,14,76,620 fully paid-up equity shares with a face value of ₹1 each, aggregating to ₹49.14 crore.

Proceeds from this capital raise will be used to strengthen the company’s financial position and support general corporate purposes.

This fundraising initiative aligns with the company’s strategic direction under the newly appointed Managing Director, Mr. Abhishek Pratapkumar Thakkar, who aims to enhance operational efficiency and expand the company’s service capabilities.

Recent Bonus Issue

In a related development, the company’s board had earlier approved a bonus issue in August 2024 at the ratio of 1 equity share for every 150 shares held by existing shareholders.

Also Read: Bajaj Finance Sets June 16 as Record Date for 1:2 Stock Split and 4:1 Bonus Issue

IFL Financial Performance

For the financial year ending March 2025, the company recorded a remarkable revenue from operations of ₹120.60 crore, marking an impressive more than 13-fold increase compared to ₹8.24 crore reported in FY 2023-24. Net profit surged to ₹2.99 crore for FY25, up from ₹84.5 lakh in FY24, reflecting a robust year-on-year growth of 254%.

In Q4 FY25, the company reported a consolidated net profit of ₹3.04 crore. Revenue from operations in the same quarter soared multifold to ₹72.13 crore, a significant jump from ₹1.98 crore recorded in Q4 FY24.

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