IBL Finance Limited
IBL Finance Limited bidding starts from January 9, 2024 and ends on January 11, 2024. The allotment for the IBL Finance Limited is expected to be finalized on January 12, 2024. IBL Finance Limited will list on NSE SME with tentative listing date fixed as January 16, 2024. IBL Finance Limited price band is set at ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1,02,000.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | January 9, 2024 |
Close Date:- | January 11, 2024 |
Allotment Date:- | January 12, 2024 |
Listing Date:- | January 16, 2024 |
About IBL Finance Limited :-
Established in August 2017, IBL Finance Limited stands as a fintech-based financial services platform, employing technology and data science to streamline and expedite lending processes. Operating through the IBL Finance mobile app, the platform facilitates instant personal loans, with approvals often granted in under 3 minutes, reaching a maximum limit of ₹50,000.
By March 31, 2023, the company successfully disbursed 1,63,282 personal loans totaling ₹7,105.44 lakhs. In the same year, the IBL Instant Personal Loan app recorded 381,156 logins, with an average of 27,969 active users monthly.
As of August 2023, IBL Finance Limited has established its presence with 7 branches in key cities of Gujarat and Maharashtra.
The company's cutting-edge underwriting algorithms leverage data from various sources to generate a credit report encompassing over 500 data points. The company prioritizes clear and concise language in its communications to ensure customers easily comprehend the provided information.
As of June 30, 2023, IBL Finance Limited maintains a dedicated team of 81 full-time employees.
Contact Details :-
Address:- IBL Finance Limited Shop-151, Silver Stone Arcade, Near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat- 395004
Phone:- 9828116900
E-mail:- compliance@iblfinance.in
Website:- https://iblfinance.in/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | SME |
Price:- | ₹51 |
Lot Size:- | 2000 |
Minimum Amount for 1 Lot:- | ₹1,02,000 |
Listing At:- | NSE SME |
Total issue of Shares:- | 65,50,000 |
Total issue Size:- | ₹33.41 Crore |
Fresh issue of Shares:- | 65,50,000 |
Fresh issue Size:- | ₹33.41 Crore |
Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
Period Ended | 31 Jul 2023 | 31 Jul 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 2,317.60 | 2,218.11 | 1,022.85 | 339.10 |
Revenue | 492.58 | 1,333.13 | 327.08 | 112.59 |
Profit After Tax | 120.60 | 192.83 | 42.73 | -9.88 |
Net Worth | 2,169.34 | 2,048.74 | 355.47 | 312.73 |
Reserves and Surplus | 351.27 | 1,139.71 | 29.47 | -13.27 |
Total Borrowing | 7.51 | 9.12 | 640.58 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 126 |
ROE:- | 9.41% |
ROCE:- | 18.88% |
Debt/Equity:- | 0 |
RoNW:- | 9.41% |
IPO Prospectus :-
Particulars | Link |
---|---|
IBL Finance Limited DHRP:- | Click Here |
IBL Finance Limited RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
13-01-2024 | ₹3 | ₹54 | 5.88% |
14-01-2024 | ₹3 | ₹54 | 5.88% |
15-01-2024 | ₹4 | ₹55 | 7.84% |
16-01-2024 | ₹4 | ₹55 | 7.84% |
Subscription Details :-
Date | Retail | Other | Total |
---|---|---|---|
January 9, 2024 | 7.30 | 1.49 | 4.39 |
January 10, 2024 | 13.97 | 3.00 | 8.49 |
January 11, 2024 | 24.03 | 9.94 | 17.00 |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | January 16, 2024 |
NSE Symbol :- | IBLFL |
ISIN:- | INE0O7401018 |
Final Issue Price:- | ₹51.00 |
Open:- | ₹56.00 |
Low:- | ₹56.00 |
High:- | ₹58.80 |
Close:- | ₹58.80 |
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