IL&FS Investment Managers Ltd

IL&FS Investment Managers Ltd (IVC)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-15.55 %
3 Month Return-14.39 %
1 Year Return5.04 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 141
Rank 165
Rank 250
Dividend Yield
Rank 4
Rank 659
Price To Book Ratio
Rank 108
Debt To Asset
Rank 169

Company Information

Established in 1989 as Creditcapital Venture Fund India and subsequently changed its name to IL FS Venture Corporation with effect from April 23 1997. It was set up as a joint venture by Creditcapital Finance Corporation CFC and Bank of India BOI with equity participation from Asian Development Bank Manila ADB Commonwealth Development Corporation London CDC. Subsequently the International finance Corporation Washington the World Bank group subscribed to 12.5 lac equity shares contributing Rs 137.5 lac. With this the company had the unique previlege of having two multilateral and one bilateral financial institutions as its shareholders. It has a technical assistance collaboration with Lazard Ventures one of the largest venture capital companies in the UK.It mainly provides equity support to new projects. Its main objective is to seek capital appreciation of its equity investments from the growth of its portfolio companies and ultimately by exercising a clearly defined divestment option. It went public in 1990 with 34 lac equity shares of Rs 10 each for cash at par aggregating Rs 3.4 cr. The issue was oversubscribed 12.09 times. It has also floated the first industry specific fund called the Information Technology Fund ITF with a corpus of Rs 10 cr. This privately placed fund has been subscribed to by Industrial Development Bank of India IDBI IFC Washington CVF GIC LIC UTI and some other players of the information technology industry. The company restricts its investments to 40 of the promoters equity and to a maximum of Rs 1 cr in a single company normally through equity participation and conditional loans. Besides it has unveiled plans for two more funds autoancillary fund AAF and a southAsian regional apex SARA fund. The AAF is of Rs 15 cr and IFCR has given an inprincipal approval for participation upto 25 of the corpus. With the automobile industry riding on the crest of a boom this fund will provide satisfactory gains. The SARA fund is of Rs 100 cr with plans to partfinance its ambitious state venture capital funds SVCFs in ten states having tremendous potential for industrial growth.A new venture capital company named INVESO Pvt Capital Inc has been launched by the company during 2001.The total investment made by SARA Fund till March 2001 is 13 in companies across sectors include information technologymediabiotechnologydistribution and manufacturing.The Tamilnadu Infotech Fund has made 4 investments till date.During the year 2002 the name of the company has been changed to IL FS Investment Managers Ltd.
OrganisationIL&FS Investment Managers Ltd