IPO

IBL Finance Limited IPO

NSE SME

Listed On: Jan 16, 2024 at ₹ 56.0

₹ 204000 /4000 Shares
*Min Investment

Check Allotment

09 Jan, 2024

Open Date

11 Jan, 2024

Close Date

12 Jan, 2024

Allotment Date

16 Jan, 2024

Listing Date
IBL Finance Limited IPO Issue Details
  • Issue Price ₹51 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 65,50,000 shares(aggregating up to ₹33.41 crore)
  • Fresh Share 65,50,000 shares(aggregating up to ₹33.41 crore)
  • Listing at NSE SME
  • List Price 56.0
  • Listing Date 2024-01-16
  • Lead Manager Fedex Securities Pvt Ltd
  • Registrar Bigshare Services 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 offers total 6,550,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,3,110,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

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 Documents
DRHP
RHP
IBL 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.

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IBL Finance Limited IPO Subscription Analysis And Details
Retail
24.03x
Total
17.04x
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
In Lakhs
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 IBL Finance Limited 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.

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IBL Finance Limited - Promoter(s)

Manish Patel

Piyush Patel

Mansukhbhai Patel

Pre Issue Share Holding : 85.55%

Post Issue Share Holding : 62.89%

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 - 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:

  1. 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.
  2. 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.
  3. 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 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

9828116900

compliance@iblfinance.in

https://iblfinance.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

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