Skip to main content
NSE - SMEListed
IBL Finance Limited Logo

IBL Finance Limited IPO

IBL Finance Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 56.00 (+9.80%)

IBL Finance Limited's successfully completed its Initial Public Offering and commenced trading on 16-01-2024 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 09-01-2024 to 11-01-2024.

Share allotment was finalized on 12-01-2024, 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
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.

IPO Reservation
IBL Finance IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

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

NA


IBL Finance IPO Risk Factors

NA


IBL Finance IPO Lead Manager(s)

  • Fedex Securities Private Limited

IBL Finance IPO Promoter(s)

  1. Manish Patel
  2. Piyush Patel
  3. Mansukhbhai Patel

IBL Finance IPO Company Details

IBL Finance Limited
Phone:
address:

IBL Finance IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

IBL Finance IPO FAQs