The Business Bytes
THEBUSINESSBYTES BUREAU
AHMEDABAD, JUNE 13, 2025
IFL Enterprises Limited, a diversified player in the agri-commodity and financial trading space, has received board and regulatory approvals to raise ₹49.14 crore through a Rights Issue, marking a significant step in its capital augmentation strategy. The issue will open for subscription on June 19, 2025, and will close on June 30, 2025.
The Rights Issue, approved by the Board of Directors in its meeting held on June 9, 2025, has been priced at an attractive ₹1 per share, offering existing shareholders a compelling opportunity to deepen their stake in the fast-growing company. Shareholders on record as of June 13, 2025, will be eligible to apply for 60 rights equity shares for every 91 fully paid-up equity shares held. The last date for on-market renunciation of Rights Entitlements (REs) is June 24, 2025.
The issue comprises 49.14 crore fully paid-up equity shares with a face value of ₹1 each, aggregating to a total capital infusion of ₹49.14 crore. The proceeds will be utilized to strengthen the company’s financial position and support general corporate objectives, in line with its expansion roadmap.
This move comes after IFL Enterprises secured In-Principle Approval from BSE Limited via letter No. LOD/RIGHT/KS/FIP/213/2025-26 dated May 19, 2025, following an initial board proposal in December 2024 and submission of the Draft Letter of Offer on March 7, 2025.
Under the strategic leadership of newly appointed Managing Director Abhishek Pratapkumar Thakkar, the company has seen a remarkable financial turnaround. For FY 2024–25, IFL reported revenue from operations of ₹120.60 crore, a dramatic 13-fold rise compared to ₹8.24 crore in FY 2023–24. Net profit for the year stood at ₹2.99 crore, marking a 254% year-on-year increase from ₹84.5 lakh the previous year.
The momentum continued in Q4 FY25, with consolidated net profit touching ₹3.04 crore and revenue soaring to ₹72.13 crore, up from ₹1.98 crore in Q4 FY24.
Earlier in August 2024, the company had rewarded its shareholders through a bonus issue in the ratio of 1:150.
Incorporated in 2009, IFL Enterprises Limited is engaged in the import, export, and trading of agri commodities including fruits, vegetables, seeds, organic and herbal products. The company also operates in contract farming, warehousing, and trading of financial instruments such as shares, stocks, and bonds.
