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.
IBL Finance IPO – Details
| IPO Opening Date | 09 January 2024 |
| IPO Closing Date | 11 January 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 67,25,000 Shares Worth ₹34.30 Crore Fresh Issue: 67,25,000 Shares Worth ₹34.30 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
IBL Finance IPO – Date Schedule
| IPO Open Date | 09 January 2024 |
| IPO Close Date | 11 January 2024 |
| Basis of Allotment | 12 January 2024 |
| Initiation of Refund | 15 January 2024 |
| Credit of Shares to Demat Account | 15 January 2024 |
| IPO Listing Date | 16 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 11, 2024 |
IBL Finance IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,02,000 |
| Retail (Maximum) | 1 | 2000 | 1,02,000 |
| HNI (Minimum) | 2 | 4000 | 2,04,000 |
Company Promoters
- Manish Patel
- Piyush Patel
- Mansukhbhai Patel
Object Of The Issue
- 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; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 1.12 | 1.21 | -0.09 | – |
| 31 March 2022 | 3.27 | 2.70 | 0.42 | 6.40 |
| 31 March 2023 | 13.33 | 10.58 | 1.92 | 0.09 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0 |
| EPS (Rs) | 1.15 |
| RoNW | 9.41% |
IBL Finance IPO Promoter Holding
| Pre Issue Share Holding | 85.55% |
| Post Issue Share Holding |
IBL Finance IPO Prospectus
- IBL Finance IPO DRHP
- IBL Finance IPO RHP
Company Contact Information
| 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/ |
IBL Finance IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: ipo@bigshareonline.com Website: https://linkintime.co.in/mipo/ipoallotment.html |
IBL Finance IPO Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
IBL Finance IPO FAQs
| What is IBL Finance IPO? IBL Finance IPO is a SME IPO. The issue is priced at ₹51 per equity share. The IPO is to be listed on NSE SME. |
| When IBL Finance IPO will open? The IPO is to open on 09 January 2024 for Retail – 50% and Other – 50% Investors. |
| How to IBL Finance IPO? You can apply IBL Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the IBL Finance IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “IBL Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the IBL Finance IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “IBL Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is IBL Finance IPO Size? IBL Finance IPO size is ₹34.30 crores. |
| What is IBL Finance IPO Price Band? IBL Finance IPO Price Band is ₹51. |
| What is IBL Finance IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,02,000 amount while the maximum bid is 2000 shares with ₹1,02,000. |
| What is the IBL Finance IPO Allotment Date? IBL Finance IPO allotment date is 12 January 2024. |
| What is the IBL Finance IPO Listing Date? IBL Finance IPO listing date is 16 January 2024. The IPO is to list on NSE SME. |
