IBL Finance Limited

Offer PeriodJan 09, 2024 – Jan 11, 2024

Jan 09, 2024 – Jan 11, 2024

NSE - SMEListed

Listed Price:

₹56.00

(+9.80%)

Price Band₹51 - ₹51

Lot Size2,000 Shares

Allotment DateJan 12, 2024

Listing DateJan 16, 2024

Subscription17.04 Times

Issue Size₹33.41 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹4
(7.84%)

Premium (ELP)

IBL Finance Limited's successfully completed its Initial Public Offering and commenced trading on Jan 16, 2024 at the NSE exchange. The company raised 65,50,000 Shares through this public offering, comprising 65,50,000 Shares in fresh capital.

The IPO was priced within the band of ₹51 to ₹51, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Jan 09, 2024 to Jan 11, 2024.

Share allotment was finalized on Jan 12, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

IBL Finance IPO Details

IPO Date

Jan 09, 2024 to Jan 11, 2024

Allotment Date

Jan 12, 2024

List Date

Jan 16, 2024

Lot Size

2,000 share

Issue Price

₹51 - ₹51

Issue Size

65,50,000 (aggregating up to 33.41 Cr)

Fresh Issue

65,50,000 (aggregating up to 33.41 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

1,81,80,650

Share Holding Post-Issue

2,47,30,650

Market Marker Portion

3,30,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	2000	1,02,000
HNI	2	4000	2,04,000

IPO Reservation

Shares65,50,000

Retail

47.48%(31,10,000)

NII(HNI)

47.48%(31,10,000)

Market Maker

5.04%(3,30,000)

Total

100.00%(65,50,000)

IBL Finance IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	0
ROE	9.41
ROCE	18.88
RONW	9.41
PRE IPO(PE)	0
POST IPO(PE)	0

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (in ₹ Lakhs)

Period Ended	Jul-23	Mar-23	Mar-22	Mar-21

Period Ended	Jul-23	Mar-23	Mar-22	Mar-21
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Net Worth	2,169.34	2,048.74	355.47	312.73
profit After Tax	120.60	192.83	42.73	-9.88
Reserves And Surpluse	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58	0

IBL Finance IPO About Company

Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that leverages technology and data science to streamline the lending process. Through its mobile app, the company offers instant personal loans of up to ₹50,000, with approvals possible in under three minutes via a fully digital process. As of March 31, 2023, IBL Finance has disbursed 1,63,282 personal loans totaling ₹7,105.44 lakhs, with its app recording 381,156 logins in 2023 and an average of 27,969 monthly active users. The company operates seven branches across major cities in Gujarat and Maharashtra and utilizes advanced underwriting algorithms analyzing over 500 data points to generate credit reports. As of June 30, 2023, IBL Finance employs 81 full-time employees.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅IBL Finance IPO Strength Factors

⚠️IBL Finance IPO Risk Factors

🏦IBL Finance IPO Lead Manager(s)

Fedex Securities Private Limited

👤IBL Finance IPO Promoter(s)

Manish Patel
Piyush Patel
Mansukhbhai Patel

🏢IBL Finance IPO Company Details

IBL Finance Limited

Email:compliance@iblfinance.in

Phone:9828116900

Website: https://iblfinance.in/

address:Shop-151, Silver Stone Arcade, Near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat- 395004

📋IBL Finance IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

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

❓IBL Finance IPO FAQs

IBL Finance IPO is a main-board IPO of 65,50,000 equity shares of the face value of ₹10 Per Equity Share aggregating up to ₹0.00 crore shares. The issue is priced at ₹51 - ₹51 per share. The minimum order quantity is .The IPO opens on Jan 09, 2024, and closes on Jan 11, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in IBL Finance IPO using UPI as a payment gateway. Zerodha customers can apply in IBL Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in IBL Finance IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'IBL Finance IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The IBL Finance IPO opens on Jan 09, 2024 and closes on Jan 11, 2024.

You can apply in IBL Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for IBL Finance IPO will be done on Jan 12, 2024, and the allotted shares will be credited to your demat account by Jan 12, 2024

IBL Finance IPO's listing date is Jan 16, 2024.

IBL Finance Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹4(7.84%)

Premium (ELP)

₹4
(7.84%)