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 name | IBL Finance Limited |
| Sector | Finance |
| Industry | Finance – NBFC |
| Company Website | https://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 date | 09 January 2024 |
| IPO Closing | 11 January 2024 |
| Basis of Allotment | 12 January 2024 |
| Initiation Refund | 15 January 2024 |
| Credit to Demat Account | 15 January 2024 |
| Listing Date | 16 January 2024 |
IBL Finance IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹34.30 Cr – 6,725,000 shares |
| Fresh Issue | ₹34.30 Cr – 6,725,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹51 per share |
| Lot size | 2000 Shares |
| Shareholding pre-issue | 18,180,650 |
| Shareholding post-issue | 24,905,650 |
| Listing Exchange | NSE SME |
IBL Finance IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |
IBL Finance IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
IBL Finance Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 112.59 | 327.08 | 1,330.52 |
| Expenses | 121.86 | 270.55 | 1,058.61 |
| Net income | (9.88) | 42.73 | 192.83 |
IBL Finance Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.07) | 0.29 | 1.15 |
| PE ratio | – | – | 44.35 |
| RONW (%) | (3.16) | 12.02 | 9.41 |
| NAV | 2.13 | 2.42 | 12.20 |
| ROCE (%) | (3.01) | 6.32 | 18.88 |
| EBITDA (%) | (2.17) | 21.42 | 30.04 |
| Debt/Equity | 0.00 | 1.80 | 0.00 |
Company Promoters
- Manish Patel
- Piyush Patel
- Mansukhbhai Patel.
Promoter Holding
| Pre Issue Share Holding | 85.55% |
| Post Issue Share Holding |
IBL Finance IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
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
BIGSHARE SERVICES PRIVATE LIMITED
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
IBL FINANCE LIMITED
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
