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

The IPO of IBL Finance Limited is priced at ₹51 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

IBL Finance Limited IPO bid opening date is from Jan 9, 2024 and the bid closing date was Jan 11, 2024.
IBL Finance Limited IPO allotment result will be available on Jan 12, 2024. The tentative listing date for IBL Finance Limited is Jan 16, 2024.

The total issue size is 6,725,000 shares(aggregating up to ₹34.30 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	31,10,000	31,10,000	62,20,000
Day 1 - 09-01-24 06:00 PM	1.67 x	7.30 x	4.64 x
Day 2 - 10-01-24 06:00 PM	3.37 x	13.97 x	8.97 x
Day 3 - 11-01-24 06:00 PM	10.05 x	24.03 x	17.04 x

IBL Finance Limited Valuations

EPS Pre IPO

₹1.06/-

EPS Post IPO

₹1.46/-

P/E Pre IPO

48.08

P/E Post IPO

34.86

ROE

9.41%

ROCE

18.88%

Debt/Equity

0.00

RoNW

9.41%

Price to Book Value

4.18

IBL Finance Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	2,218.11	1,022.85	339.10
Revenue	1,333.13	327.08	112.59
Profit After Tax	192.83	42.73	-9.88
Net Worth	2,048.74	355.47	312.73
Reserves & Surplus	1,139.71	29.47	-13.27
Total Borrowing	9.12	640.58	N/A

About The Company

Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that simplifies lending and processing through the application of technology and data science. IBL Finance is an instant personal loan app through which users can avail loans up to ₹50,000 entirely digitally. Loans are approved in under 3 minutes.

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

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

The company uses data from various sources in the advanced underwriting algorithms to produce more than 500 data points that constitute a credit report. Using simple and short language so that the customers may easily understand what the company offers.

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

IBL Finance Limited - Promoter(s)

Pre Issue Share Holding: 85.55%

Post Issue Share Holding: 62.89%

Company Promoter(s)

Manish Patel
Piyush Patel
Mansukhbhai Patel

IBL Finance Limited IPO - Issue Objectives

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
General corporate purposes.

Other Details

Company Contact Details

IBL Finance Limited

Shop-151, Silver Stone Arcade, Near Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat- 395004

Phone: 9828116900

Email: compliance@iblfinance.in

Website: https://iblfinance.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.