IBL Finance Limited IPO
NSE SMEListed On: Jan 16, 2024 at ₹ 56.0
₹ 102000 /2000 Shares
Check Allotment09 Jan, 2024
Open Date11 Jan, 2024
Close Date12 Jan, 2024
Allotment Date16 Jan, 2024
Listing DateIssue Price
₹51 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
56.0Listing Date
2024-01-16Market Lot
2000 Shares (₹102,000/-)Lead Manager
Fedex Securities Pvt LtdIssue Size
6,725,000 shares(aggregating up to ₹34.30 Cr)Retail Portion
50%Subscription
17.04 timesIBL Finance Limited IPO Details
IBL Finance Limited IPO is an SME IPO, priced at ₹51 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 65,50,000 equity shares, aggregating up to ₹33.41 crores..
The IPO bidding window is open from Jan 9, 2024 to Jan 11, 2024. The allotment is expected to be finalized on Jan 12, 2024, and the tentative listing date is Jan 16, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,02,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,04,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Market-Hub Stock Broking Private Limited will act as the market maker for this issue.
IBL Finance Limited IPO Subscription Details
| 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
48.08P/E Post IPO
34.86ROE
9.41%ROCE
18.88%Debt/Equity
0.00RoNW
9.41%Price to Book Value
4.18IBL 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%
- 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
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- 395004Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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.
