IBL Finance is scheduled to hit the market on January 9, 2024 and close on January 11, 2024. IBL Finance plans to raise around ₹34.30 Cr through an IPO with a sale of up to 6,725,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Established in August 2017, IBL Finance Limited stands as a fintech-driven financial services platform revolutionizing the lending landscape through advanced technology and data science.
Operating primarily via its mobile application, IBL Finance provides seamless access to instant personal loans, extending up to ₹50,000. Impressively, the platform streamlines the entire lending process, ensuring approvals can be secured in less than three minutes.
IBL Finance IPO Details
IBL Finance IPO opens on Jan 9, 2024, and closes on Jan 11, 2024. The Listing date for IBL Finance IPO is on Jan 16, 2024. The price band for IPO is ₹51 per share and lot size of 2000 Shares.
| IPO Date | Jan 9, 2024 to Jan 11, 2024 |
| Listing Date | Jan 16, 2024 |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹34.30 Cr |
| Face Value | ₹10 per share |
IBL Finance IPO Tentative Timetable
IBL Finance opening date is January 9, 2024 and close date is January 11, 2024. The IPO allotment date is January 12, 2024. The refund initiation of IPO is on January 15, 2024. The credit of shares in demat account is on January 15, 2024. The listing date is on January 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 9, 2024 |
| IPO Closing | Jan 11, 2024 |
| IPO Allotment Date | Jan 12, 2024 |
| Refund Initiation | Jan 15, 2024 |
| Shares Credit to Demat | Jan 15, 2024 |
| Lisiting Date | Jan 16, 2024 |
IBL Finance IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹102,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹102,000 |
| Retail(Maximum) | 1 | 2000 | ₹102,000 |
| HNI (Minimum) | 2 | 4000 | ₹204,000 |
IBL Finance IPO Promoter Holding
| Pre Issue Share Holding | 85.55% |
| Post Issue Share Holding |
IBL Finance IPO Review
As of March 31, 2023, IBL Finance Limited has made significant strides in the personal loan sector, disbursing 1,63,282 personal loans totaling ₹ 7,105.44 lakhs. Their IBL Instant Personal Loan app witnessed substantial engagement with 381,156 logins in 2023, indicating a growing user base. With an average monthly active user count of 27,969 on the app, it highlights the company's effective digital reach and customer engagement strategies. Additionally, the firm has strategically positioned itself with seven branches in prominent cities across Gujarat and Maharashtra, underlining its regional presence and accessibility.
A pivotal factor driving IBL Finance's success is its adept use of advanced underwriting algorithms. These algorithms amalgamate data from a myriad of sources, curating comprehensive credit reports utilizing over 500 data points. Such robust underwriting techniques ensure efficient risk assessment while maintaining simplicity in communication, ensuring customers comprehend the financial information presented. Furthermore, with a dedicated team of 81 full-time employees as of June 30, 2023, the company appears to have a streamlined operational structure supporting its expansive growth trajectory.
From a financial perspective, IBL Finance Limited's performance in FY2023 has been stellar, witnessing a monumental 307.59% surge in revenue and a commendable 351.28% growth in profit after tax compared to the preceding fiscal year. These robust financial metrics, coupled with key performance indicators like an ROE of 9.41% and ROCE of 18.88%, showcase the company's operational efficiency and profitability. As the company gears up for an IPO, it aims to leverage the net proceeds to fortify its Tier-I capital base, ensuring it's well-equipped to cater to future capital needs stemming from business growth. Additionally, the proceeds will also be channeled towards general corporate purposes, further strengthening the company's market position and operational capabilities.
IBL Finance IPO Subscription Status (Bidding Details)
Table not foundIBL Finance IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
IBL Finance IPO FAQs
What is IBL Finance IPO?
IBL Finance is issuing 6,725,000 equity shares with a face value of ₹10 each, totaling up to ₹34.30 Cr. The shares are being offered at a price of ₹51 each, with a minimum order quantity of 2000 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When IBL Finance IPO will open?
IBL Finance will open on January 9, 2024 for QIB, NII, and Retail Investors.
When IBL Finance IPO will end?
IBL Finance will end on January 11, 2024.
What is IBL Finance IPO Size?
IBL Finance IPO size is ₹34.30 Cr.
What is IBL Finance IPO Price Band?
IBL Finance price band is ₹51 per share.
What is the IBL Finance IPO Allotment Date?
IBL Finance allotment date is January 12, 2024.
What is the IBL Finance IPO Listing Date?
IBL Finance listing date is January 16, 2024. The IPO is to be listed on BSE and NSE.
How to Apply IBL Finance IPO through Zerodha?
To apply for the IPO “IBL Finance” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply IBL Finance IPO through Upstox?
To apply for the IPO “IBL Finance” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check IBL Finance IPO Allotment Status?
For IBL Finance IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is IBL Finance IPO GMP?
You can check out here: IBL Finance IPO GMP