60:91 Rights Issue; Record Date June 13, 2025: Penny Stock Below Rs 2 Hit 5 Per Cent Upper Circuit Today
The stock is up by 98.3 per cent from its 52-week low of Re 0.59 per share and a whopping 485 per cent in 5 years.
On Tuesday, shares of IFL Enterprises Ltd hit a 5 per cent upper circuit to Re 1.17 per share from its previous closing of Re 1.12 per share with an intraday high of Re 1.17 per share and an intraday low of Re 1.15 per share. The stock’s 52-week high is Rs 1.79 per share and its 52-week low is Re 0.59 per share
IFL Enterprises Ltd has received "In Principle Approval" from BSE Limited for a proposed Rights Issue of up to Rs 50.00 crore. The Record Date for determining eligible shareholders for the Rights Issue is June 13, 2025. The Rights Issue will open on Thursday, June 19, 2025, and close on Monday, June 30, 2025, with the last date for on-market renunciation of Rights Entitlement being Tuesday, June 24, 2025. The total size of the Rights Issue will be 49,14,76,620 fully paid-up Equity Shares of face value of Re 1 each, aggregating up to Rs 4914.76 lakhs. Various agreements with intermediaries were signed on June 09, 2025. The Rights Issue Price is Re 1 per share, and the Rights Entitlement Ratio is 60 rights equity shares for every 91 fully paid-up Equity Shares held by eligible shareholders as on the Record Date.
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About the Company
Incorporated in 2009, IFL Enterprises Ltd operates primarily in the trading of fabric and related products, as well as shares and securities. The company's business overview highlights its involvement in the acquisition and trading of shares, stocks, and bonds, alongside a diverse range of paper and stationery items. Specifically, IFL Enterprises Ltd trades in various paper products such as writing paper, coated paper, A/4 paper, Hi Bright, copier paper, duplex board, art and craft paper, and notebooks.
According to Quarterly Results, the net sales increased by 3,525 per cent to Rs 72.13 crore in Q4FY25 compared to net sales of Rs 1.99 crore in Q4FY24. The company reported a net profit of Rs 3.04 crore in Q4FY24 compared to a net loss of Rs 0.68 crore in Q4FY24, an increase of 547 per cent. In FY25, the net sales increased by 1,362 per cent to Rs 120.61s crore and net profit increased by 236 per cent to Rs 2.86 crore compared to FY24.
IFL Enterprises has a market cap of Rs 87.79 crore and working capital requirements have reduced from 735 days to 70.3 days with debtor days having improved from 146 to 15.8 days. The stock is up by 98.3 per cent from its 52-week low of Re 0.59 per share and a whopping 485 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.