IIFL Split & IPO

[alpha]

 

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]

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