IBL Finance Limited IPO
IBL Finance Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹51 per share. The stock debuted at ₹56, delivering a listing gain of 9.8%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,02,000.
IBL Finance Limited IPO
- IPO Dates
- Jan 9, 2024 – Jan 11, 2024
- Price band
- ₹51 per equity share
- Minimum Investment
- ₹1,02,000
- Issue size
- ₹33.41 Cr
- Lot size
- 2000
- Allotment Date
- Jan 12, 2024
- Listing
- Jan 16, 2024
- Listing At
- NSE SME
IPO timeline
-
Jan 9, 2024
Open Date
Completed
-
Jan 11, 2024
Close Date
Completed
-
Jan 12, 2024
Allotment Date
Completed
-
Jan 16, 2024
Listing Date
Completed
IBL Finance Limited IPO Essentials
IBL Finance Limited IPO Details
IBL Finance Limited IPO is priced at ₹51 per share with a total issue size of 33.41 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹51 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,725,000 shares(aggregating up to ₹34.30 Cr)
- Total issue size
- 65,50,000 shares
(aggregating up to ₹33.41 crore) - Fresh issue
- 65,50,000 shares
(aggregating up to ₹33.41 crore) - Listing at
- NSE SME
- List price
- 56.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,02,000 |
| Retail(max) | 1 | 2000 | ₹1,02,000 |
| NII (min) | 2 | 4,000 | ₹2,04,000 |
IBL Finance Limited IPO Reservation
IBL Finance Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,550,000 shares, approximately 47.48% for retail investors, and 5.04% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 330,000 (5.04%) | |
| Retail Shares Offered | 3,110,000 (47.48%) | |
| Total Shares Offered | 6,550,000 (100%) |
IBL Finance Limited IPO Analytics
IBL Finance Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
IBL Finance Limited IPO Subscription Status
IBL Finance Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹1.06/-
- EPS Post IPO
- ₹1.46/-
- P/E Pre IPO
- 48.08
- P/E Post IPO
- 34.86
Returns
- ROE
- 9.41%
- ROCE
- 18.88%
- RoNW
- 9.41%
Fundamentals
- Debt / Equity
- 0.00
- Price / Book
- 4.18
IBL Finance Limited Financials( In Lakhs)
| 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 |
IBL Finance Limited Company & Offer Insights
About IBL Finance Limited
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)
Manish Patel, Piyush Patel, Mansukhbhai Patel are the company's promoters of IBL Finance Limited.
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.
IBL Finance Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| IBL Finance Limited | 1.15 | 1.15 | 12.2 | 44.34 | 9.41 | 4.18 | Standalone |
| MAS Financial Services Limited | 37.18 | 37.18 | 277.83 | 23.43 | 13.55 | 3.03 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 23.64 | 25.65 | 0.19 | Consolidated |
| Apollo Finvest (India) Limited | 27.01 | 27.01 | 112.26 | 29.58 | 24.06 | 0.21 | Standalone |
| CSL Finance Limited | 22.02 | 21.4 | 174.85 | 21.12 | 12.59 | 1.94 | Consolidated |
| Ugro Capital Limited | 5.69 | 5.66 | 106.46 | 48.16 | 4.04 | 0.35 | N/A |
Notes:
- The P/E Ratio is computed based on the closing market price of equity shares on BSE as of August 14, 2023, divided by the diluted EPS.
- Return on Net Worth (RoNW) is calculated as net profit after tax divided by closing net worth, which includes paid-up share capital and other equity.
- Net Asset Value (NAV) per share is derived by dividing total equity by the outstanding number of equity shares as of March 31, 2023.
Contact Information
Contact Details
IBL Finance Limited
9828116900
Shop-151, Silver Stone Arcade, Near Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat- 395004
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
IBL Finance Limited IPO is a Fixed Priced IPO worth ₹33.41 crore. The issue price is ₹51 per share (fixed price). The IPO opens on Jan 9, 2024 and closes on Jan 11, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of IBL Finance Limited IPO is ₹51 per share (fixed price).
The lot size of IBL Finance Limited IPO is 2000 shares.
The minimum investment for IBL Finance Limited IPO is approximately ₹1,02,000 based on the issue price .
IBL Finance Limited IPO opens on Jan 9, 2024 and closes on Jan 11, 2024.
The allotment date of IBL Finance Limited IPO is Jan 12, 2024.
IBL Finance Limited IPO is expected to be listed on Jan 16, 2024, on NSE SME Platform.
IBL Finance Limited IPO valuation snapshot: P/E 34.86, EPS ₹1.46/-, P/B 4.18, RoNW 9.41%, and market cap N/A.
To apply for IBL Finance Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of IBL Finance Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for IBL Finance Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check IBL Finance Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the IBL Finance Limited IPO allotment status on IPO Ji for quick and easy access.