IBL Finance Limited IPO (IBL Finance IPO)

IBL Finance Limited IPO
Upcoming IBL Finance IPO | New IBL Finance IPO

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

IBL Finance IPO – Details

IPO Opening Date09 January 2024
IPO Closing Date11 January 2024
Issue TypeFixed Price Issue IPO
Issue Size67,25,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Ltd
Other Shares Offered50%
Retail Shares Offered50%

IBL Finance IPO – Date Schedule

IPO Open Date09 January 2024
IPO Close Date11 January 2024
Basis of Allotment12 January 2024
Initiation of Refund15 January 2024
Credit of Shares to Demat Account15 January 2024
IPO Listing Date16 January 2024
Cut-off time for UPI mandate confirmation5 PM on Jan 11, 2024

IBL Finance IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,02,000
Retail (Maximum)120001,02,000
HNI (Minimum)240002,04,000

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.
IBL Finance IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20211.121.21-0.09
31 March 20223.272.700.426.40
31 March 202313.3310.581.920.09
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)1.15

IBL Finance IPO Promoter Holding

Pre Issue Share Holding85.55%
Post Issue Share Holding

IBL Finance IPO Prospectus

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

IBL Finance IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ipo@bigshareonline.com

IBL Finance IPO Lead Manager(s)

1. Fedex Securities Pvt Ltd

IBL Finance IPO FAQs

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.
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