Author Topic: IIFL Split & IPO  (Read 1371 times)

alpha

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IIFL Split & IPO
« on: April 07, 2019, 09:42:37 PM »

Anyone know the status of the IIFL split and when they are planning to list the split companies? Is it expected to be a strong IPO?


tradevestor

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Re: IIFL Split & IPO
« Reply #1 on: June 06, 2019, 05:13:32 PM »
IIFL Finance is already trading,  and IIFL Securities and IIFL Wealth management is expected to be trading soon.
https://www.thehindubusinessline.com/companies/announcements/others/iifl-holdings-limited-iifl-stock-price/article27324636.ece

...seven shares of IIFL Holdings will be eligible to hold seven shares of IIFL Finance, seven shares of IIFL Securities and one share of IIFL Wealth once the spin-off companies get listed.
https://www.business-standard.com/article/markets/iifl-holdings-locked-5-lower-circuit-as-stock-turn-ex-spin-off-119053000494_1.html