IPO

IBL Finance Limited IPO

NSE SME

Listed On: Jan 16, 2024 at ₹ 56.0

₹ 102000 /2000 Shares

Check Allotment

IBL Finance Limited IPO Details

09 Jan, 2024

Open Date

11 Jan, 2024

Close Date

12 Jan, 2024

Allotment Date

16 Jan, 2024

Listing Date

Issue Price

₹51 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

56.0

Listing Date

2024-01-16

Market Lot

2000 Shares (₹102,000/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

6,725,000 shares(aggregating up to ₹34.30 Cr)

Retail Portion

50%

Subscription

17.04 times

IPO Docs

DRHP RHP

IBL Finance Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved31,10,00031,10,00062,20,000
Day 1 - 09-01-24 06:00 PM1.67 x7.30 x4.64 x
Day 2 - 10-01-24 06:00 PM3.37 x13.97 x8.97 x
Day 3 - 11-01-24 06:00 PM10.05 x24.03 x17.04 x

IBL Finance Limited Valuations

Earnings Per Share (EPS)

₹1.06/-

P/E Ratio

48.08

RoNW

9.41%

Net Asset Value (NAV) - Post Issue

₹N/A/-

IBL Finance Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets2,218.111,022.85339.10
Revenue1,333.13327.08112.59
Profit After Tax192.8342.73-9.88

About The Company

IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.

As of March 31, 2023 the company has disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app had 381,156 logins. On average, 27,969 users were active on the app every month.

As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.

The company's advanced underwriting algorithms use data from many sources to generate a credit report with over 500 data points. Keeping the language simple and concise to ensure the customers can easily understand the information the company provides.

As of June 30, 2023, the company employs 81 full time employees.

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IBL Finance Limited - Promoter(s)

Pre Issue Share Holding: 85.55%

Post Issue Share Holding: 62.89%

Company Promoter(s)

  1. Manish Patel
  2. Piyush Patel
  3. Mansukhbhai Patel

IBL Finance Limited IPO - Issue Objectives

  1. Augmenting the company's Tier-I capital base to meet the company's future capital requirements, arising out of the growth of the business and asset
  2. General corporate purposes.

IBL Finance Limited IPO - FAQs

Ans. IBL Finance Limited IPO is a SME IPO. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 9, 2024, and closes on Jan 11, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The IBL Finance Limited IPO opens on Jan 9, 2024 and closes on Jan 11, 2024.

Ans. The size of IBL Finance Limited IPO is 6,725,000 shares(aggregating up to ₹34.30 Cr).

Ans. The IPO price band is set between ₹51 per equity share.

Ans. To apply for IBL Finance Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find IBL Finance Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of IBL Finance Limited IPO is Jan 12, 2024.

Ans. The IBL Finance Limited IPO will be listed on Jan 16, 2024.

Ans. Follow the steps to check the allotment status for IBL Finance Limited IPO here.