IBL Finance IPO

IBL Finance IPO will open for subscription from 09 January 2024. The company aims for an issue size of ₹34.30 Cr through this IPO.

Company Overview

Full nameIBL Finance Limited
IndustryFinance – NBFC
Company Websitehttps://iblfinance.in/

About Company

IBL Finance is a modern, fintech-driven financial services platform that harnesses the power of technology and data science to streamline and simplify the lending process, making it quick and hassle-free. The company introduced its mobile app-based personal loans business, operating under the brand ‘IBL: Instant Personal Loan.’ In the realm of personal loan lending, IBL Finance offers immediate personal loans, ranging up to INR 50,000, with flexible tenors of up to 12 months. The entire process is conducted exclusively through a digital mobile app, ensuring a seamless and efficient experience. During the FY 2023, IBL Finance had 27,969 average monthly active users (‘MAU’) and 3,81,156 total logins, on the IBL: Instant Personal Loan App.

Since its inception and until 31 March 2023, IBL Finance has facilitated 163,282 personal loans, totaling INR 71.05 crore. As of 31 March 2023, the personal loan business boasts Assets Under Management (AUM) of INR 14.61 crore, having disbursed 122,078 personal loans amounting to INR 52.35 crore. The average ticket size for these loans is approximately INR 4,500, and the average outstanding tenor at the close of Fiscal 2023 is 5 months.

The Objectives 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 assets.
  • General corporate purposes.

IBL Finance IPO Timetable

IPO Opening date09 January 2024
IPO Closing11 January 2024
Basis of Allotment12 January 2024
Initiation Refund15 January 2024
Credit to Demat Account15 January 2024
Listing Date16 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 11, 2024)

IBL Finance IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹34.30 Cr – 6,725,000 shares
Fresh Issue₹34.30 Cr – 6,725,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹51 per share
Lot size2000 Shares
Shareholding pre-issue18,180,650
Shareholding post-issue24,905,650
Listing ExchangeNSE SME

IBL Finance IPO Lot Size

Retail (Min)12000₹102,000
Retail (Max)12000₹102,000
HNI (Min)24,000₹204,000

IBL Finance IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

IBL Finance Financial Performance

 FY 2021FY 2022FY 2023
Net income(9.88)42.73192.83
(Amount in ₹ Lakhs)

IBL Finance Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio44.35
RONW (%)(3.16)12.029.41
ROCE (%)(3.01)6.3218.88
EBITDA (%)(2.17)21.4230.04

Company Promoters

  • Manish Patel
  • Piyush Patel
  • Mansukhbhai Patel.

Promoter Holding

Pre Issue Share Holding85.55%
Post Issue Share Holding

IBL Finance IPO Lead Manager(s)

B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in

IBL Finance IPO Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

IBL Finance Contact Details

Shop-151, Silver Stone Arcade,
Near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50,
Singapore, Causeway Road, Katargam, Surat – 395004, Gujarat
Phone: 9828116900
E-mail: compliance@iblfinance.in
Website: www.iblfinance.in

IBL Finance IPO Allotment Status

IBL Finance IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

IBL Finance IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *