IIFL Wealth Management Ltd
IIFL Wealth Management Ltd (IIFLWAM)

IIFL Wealth Management Ltd (IIFLWAM)

₹1672.30.8%

Key Stats

₹1643
Day's Price Range
₹1675
₹1235.8
52-Week Price Range
₹1908.3
1 Month Return2.84 %
3 Month Return5.55 %
1 Year Return4.57 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 158
14.89
EPS
Rank 30
₹112.13
BVPS
Rank 56
₹321.76
Dividend Yield
Rank 11
5.65%
ROE
Rank 45
26.93%
Price To Book Ratio
Rank 257
5.19
Debt To Asset
Rank 111
0.67

Company Information

IIFL Wealth Management Ltd IIFLW is a public limited company incorporated under the Companies Act 1956. The company was listed on the NSE and BSE of India Limited since September 19 2019.In year 2009 IIFL Inc set up international offices including Dubai Singapore and Mauritius as a global foorprint.In year 2010 the companys AUM mark in record time crossed the Rs 1500 crores.In 2011 IIFL Wealth Management acquired Finest Wealth Managers in Pune adding nearly Rs 1700 crores to AUM.In 2012 the companys wealth management reached Rs 25000 crores AUM.In 2013 it acquired an Asset Management and a Private Equity Firm launch of only success feebased Alternative Investment Fund.In 2014 the company took lead in an Alternative Investment Fund space and is presently the No.1 Manager of Alternatives in India.In 2015 General Atlantic picked up 21.61 stake in IIFL Wealth Asset Management thru which the investment endorsed its quality of team and business. In year 2016 the company acquired an NBFC infusing Rs 900 crore as capital and renamed it IIFL Wealth Finance Ltd.In year 2017 IIFL Asset Managements Special Opportunities Fund the firstofitskind preIPO fund in India raised over Rs 7500 crores. In the year of 2018 Chennai based Wealth Advisors India and Bangalorebased Altiore Advisors were acquired by the Company. In 2019 IIFL Wealth made a stake to its five renowned marquee investors.The Board of Directors of the Company at its meeting held on January 31 2018 had approved a Composite Scheme of Arrangement amongst the Company IIFL Finance Limited India Infoline Finance Limited India Infoline Media and Research Services Limited IIFL Distribution Services Limited and their respective shareholders under Sections 230 232 and other applicable provisions of Companies Act 2013. The Scheme was then filed with the Honble NCLT directed the Company to hold a meeting of its equity shareholders on December 12 2018. The Honble NCLT vide its order passed on March 07 2019 sanctioned the Composite Scheme of Arrangement and the Company received Order on March 15 2019. As a result of scheme Wealth Business undertaking was demerged as a separate listed entity. As a consideration to shareholders of IIFL Finance Limited 1 fully paid up share of Rs 2/ ach was issued to the shareholders of IIFL Finance Limited for every 7 shares of the Company held by them as on June 62019. Further fractional entitlement if any was paid to the shareholders by selling fractional shares in market as per SEBI guidelines. Accordingly 45604924 equity shares of Rs 2/ each of t he Company were issued and allotted in aggregate to Shareholders of the Company. The appointed date for scheme was November 22 2018 which came to effect from 13 May 2019. In year of 2020 the Company acquired LT Capital Markets a wholly owned subsidiary of LT Finance Holdings.Its consolidated AUM including custody assets stood at Rs 160034 crores as of 31st March 2020 .During the period under review the Company allotted 2659718 equity shares in aggregate pursuant to scheme of arrangement and exercise of stock options by eligible employees under the IIFL Wealth Employee Stock Option Schemes. Accordingly total paidup share capital of Company as on March 31 2020 was increased to Rs 174362084 divided into 87181042 equity shares of Rs 2/ each.During FY 201920 the authorised share capital of the Company was increased from Rs 200000000 to Rs 265300000 divided into 132650000 shares of Rs 2/ each. During year under review the Company incorporated a wholly owned subsidiary namely IIFLW CSR Foundation registered under Section 8 of Companies Act 2013 to execute CSR activities of the IIFL Wealth Group. The Companys wholly owned subsidiary IIFL Wealth Finance Limited has acquired IIFL Wealth Capital Markets Limited engaged in the Wealth Management business on April 24 2020.
OrganisationIIFL Wealth Management Ltd
HeadquartersMumbai
IndustryFinance