The IBL Finance date has been confirmed from January 9, 2024 and closes on January 11, 2024.
IBL Finance Developers IPO is a fixed price issue of Rs 34.30 crores. The price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹204,000.
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Bidding Dates
January 9-11
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹[.]
IBL Finance IPO GMP
The IBL Finance IPO GMP is ₹[.].
IPO Overview
The IBL Finance IPO has a fixed price of Rs 34.30 crores. The 67.25 lakh share offering is entirely new. The IBL Finance IPO goes on sale on January 9, 2024, and closes on January 11, 2024. The IBL Finance IPO allotment is expected to be completed on Friday, January 12, 2024. The IBL Finance IPO will be listed on the NSE SME, with a tentative listing date on Tuesday, January 16, 2024. The IPO price for IBL Finance is 51 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000. The minimum lot size for HNI is two lots (4,000 shares), totaling ₹200,000 in investment.
The advanced underwriting algorithms used by the organisation build a credit report with over 500 data points by combining data from multiple sources. Maintaining basic and brief wording to guarantee that clients can readily understand the information provided by the organisation. The company employs 81 full-time employees as of June 30, 2023.
IBL Finance IPO Details
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,725,000 shares (aggregating up to ₹34.30 Cr) |
| Fresh Issue | 6,725,000 shares (aggregating up to ₹34.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,180,650 |
| Share holding post issue | 24,905,650 |
IBL Finance Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 and Surplus | 1,139.71 | 29.47 | -13.27 |
| Total Borrowing | 9.12 | 640.58 |
IBL Finance IPO Timeline
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
Company Profile
IBL Finance Limited, founded in August 2017, is a fintech-based financial services platform that leverages technology and data science to make lending easier and faster. IBL Finance is a mobile app that provides quick personal loans of up to $50,000 through an entirely digital approach. Loans can be authorised in as little as three minutes. The company had disbursed 1,63,282 personal loans totaling 7,105.44 lakhs as of March 31, 2023. The IBL Instant Personal Loan app had 381,156 logins in 2023. Every month, 27,969 users were active on the app. As of August 2023,
the company had 7 branches across key Gujarat and Maharashtra cities.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | ipo@bigshareonline.com |
| Website | linkintime.co.in |
Contact Details
| Name | IBL Finance Limited |
| Phone number | 9828116900 |
| Email ID | compliance@iblfinance.in |
| Website | iblfinance.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
