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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  IIFL Holdings Ltd    IIFL   INE530B01024

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IIFL : Through IIFL Special Opportunities Fund, IIFL Asset Management Co fetches $250 million

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05/22/2017 | 10:32pm CEST

IIFL Asset Management Co. Ltd (AMC) has raised $250 million for its latest IIFL Special Opportunities Fund which was launched in February 2017. IIFL Asset Management Co. Ltd (AMC) has raised $250 million for its latest IIFL Special Opportunities Fund which was launched in February 2017. IIFL Special Opportunities Fund is a close-ended scheme under Category II Alternative Investment Fund.

The fund was launched to generate long-term capital appreciation through investment in equity and equity-related instruments of to-be-listed companies.

IIFL is the first AMC which will introduce this unique offering to the investors. This is the first attempt to create an organized pool of capital to access market.

The fund focused on pre-IPO and IPO space was introduced in India for the first time.

The first series of the fund (amounting to $250 million) was raised in a span of two months. Looking at the strong demand, IIFL is planning to soon start raising another tranche of capital for the fund which will be another $250-300 million.

The AMC’s decision to launch a focused fund was based on the conviction of strong liquidity flows into the Indian equity markets and the quality and scale of the IPO pipeline.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 56 505 M
EBIT 2018 37 552 M
Net income 2018 8 262 M
Debt 2018 -
Yield 2018 0,81%
P/E ratio 2018 23,65
P/E ratio 2019 19,58
Capi. / Sales 2018 3,46x
Capi. / Sales 2019 3,04x
Capitalization 196 B
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Average target price 600  INR
Spread / Average Target -2,4%
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Venkataraman Rajamani Managing Director & Executive Director
Nirmal Bhanwarlal Jain Executive Chairman
Apoorva Tiwari Chief Operating Officer
Prabodh Agrawal Chief Financial Officer
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