Penny Stock Under Rs 1: Ahmedabad-based Company Gets LOI for 12% Stake Sale at Rs 2 Per Share; FIIs Raises Stake to 16.08% - Do You Own This?

Ahmedabad-based IFL Enterprises Ltd, engaged in the agri-commodity business, announced it has received a Letter of Intent (LOI) from Singapore-based Unique Global Managed Services PTE. Ltd to acquire up to 12 per cent equity stake through the strategic investment route. The Singapore entity has proposed Rs 2 per share as the indicative reference price, representing over 100 per cent premium to the current trading price of Rs 0.97 per share as on July 22, 2025, when the stock was locked in the upper circuit.

The proposed investment aims to strengthen IFL Enterprises’ capital base, accelerate growth plans, and enhance shareholder value. The board of directors will meet on August 1, 2025, to review the LOI, assess financial and regulatory implications, and authorise due diligence procedures. The Singapore-based investor, a compliant entity under Singapore law (UEN: 200923760N), has diversified interests in wholesale trade, business consulting, and global ventures.

IFL Enterprises recently saw four Foreign Portfolio Investors (FPIs) collectively acquire 16.08 per cent stake as of July 11, 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-ONYX Strategy, and Nova Global Opportunities Fund PCC – Touchstone each acquired 4.02 per cent equity stake.

Financially, the company reported a revenue from operations of Rs 120.60 crore for FY25, a 13-fold increase over Rs 8.24 crore in FY24. Net profit rose 254 per cent year-on-year to Rs 2.99 crore in FY25, compared to Rs 84.5 lakh in FY24. Q4 FY25 consolidated net profit stood at Rs 3.04 crore, while revenue surged to Rs 72.13 crore from Rs 1.98 crore in Q4 FY24.

On July 11, 2025, the board approved the allotment of 49.47 crore fully paid-up rights equity shares at Rs 1 each, increasing the paid-up capital to Rs 124.50 crore. The rights issue raised Rs 49.14 crore to strengthen the company’s financial position and support corporate needs.

Incorporated in 2009, IFL Enterprises trades agri-commodities, including fruits, vegetables, seeds, organic and herbal products, as well as financial instruments like shares, stocks, and bonds.

The stock is up by 65.71 per cent from its 52-week low of Re 0.56 per share and a whopping 386 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.