IFCI Factors Limited Share Price

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• IFCI Factors Limited (erstwhile Foremost Factors Limited) is a subsidiary of IFCI Limited, a leading financial institution in India.
• It is a financial services company, providing factoring solutions across various industries. Factoring is a continuing financing arrangement, where a business concern assigns its accounts receivable to a third party such as what we call a “factor” at an agreed discount and factoring fee, which typically provides immediate liquidity to finance the operations of the business concern. Our primary business is to provide domestic sales bill factoring, supported by our other factoring products and allied financing services such as our short-term corporate loans business.
  
• Its goal is to support the development of the SME/MSME sector by providing timely and need-based receivable finance. They aim to provide customized solutions to these sectors at competitive terms in the most efficient manner possible. Our focus area is Export Factoring, and they strive to be a prominent player in Export Finance. They are committed to being a key contributor to the success and growth of the IFCI Group.
• Their product offerings are comprised of factoring and variants of factoring-related products following their credit policy, which is tailored to suit the financing requirements of their clients, including SMEs. The products they offer include domestic sales and purchase bill factoring, advances against future receivables, export factoring, and bill discounting under letters of credit, supported by their allied financing services such as short-term corporate loans.
• They are regulated by the RBI as an NBFC-ND-SI. They believe that their NBFC-ND-SI classification provides us with significant operational flexibility and enables them to effectively capitalize on available financing opportunities in India.