IBL Finance IPO
The initial public offering (IPO) of IBL Finance will open for subscription on January 09 and close on January 11, it is a fresh issue of Rs. 34.30 Crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on January 16, 2024.
#1. Quick Intro to IBL Finance
IBL Finance Limited (2017) is a fintech money lending company, that focuses on instant personal loans business, through their mobile application under the flagship of “IBL Instant personal loan” up to Rs. 50,000 with a tenor of up to 12 months, which is a completely digital mode with time frame of 5 minutes.
As of March 2023, the company has disbursed the 163282 personal loans amounting to Rs. 7.10 crore, along with over 27000 active monthly users and AUM of Rs. 1,461.18 lakhs. The company has more than 7 branches in Gujarat and Maharashtra.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of IBL Finance
The company intends to use the IPO Funds for the following purposes:
- Augmenting the company’s Tier-1 capital base to meet the company’s future capital requirements, arising out of the growth of the business and assets; and
- General corporate purposes.
#3. IBL Finance Core Strengths
- Mobile first approach driving better customer engagement and experience.
- Risk management, data science, and machine learning leveraged operating model.
- Stable and experienced management team.
- Improve financial performance.
#4. IBL Finance IPO Review & Rating
| Issue Size | Rs.34.30 Crore |
| Issue Price | Rs.51 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (March 2023) | Rs.192.83 (lakhs) |
| ROC | 9.41% |
| ROCE | 18.88% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. IBL Finance IPO Dates, Price Band & Details
IBL Finance IPO will open on January 09, 2024, and close on January 11, 2024. The IPO is to be listed on January 16, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs. 34.30 Crore |
| Price Brand | Rs.51 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 09, 2024 |
| IPO Close Date | January 11, 2024 |
| IPO Allotment Date | January 12, 2024 |
| Refund Date | January 15, 2024 |
| Share Credit Date | January 15, 2024 |
| Listing Date | January 16, 2024 |
#6. IBL Finance IPO Offer Details
IBL Finance IPO’s total issue size is 67,25,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 67,25,000 | 34.30 |
| Offer for Sale (OFS) | – | – |
#7. IBL Finance Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 1,333.13 | 327.08 | 112.59 |
| Net Worth | 2,048.74 | 3,55.47 | 312.73 |
| Profit | 192.83 | 42.73 | -9.88 |
| Total Borrowings | 9.12 | 640.58 | – |
#8. IBL Finance Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 1.15 | 0.29 | -0.07 |
| RoNW (%) | 9.41 | 12.02 | -3.16 |
| NAV (Rs.) | 12.20 | 2.42 | 2.13 |
#9. IBL Finance Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| MAS Financial Services | 99,026.00 | 13.55 | 277.83 |
| Arman Financial Services | 42,390.00 | 25.65 | 430.61 |
#10. IBL Finance Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Manish Patel |
| 02. | Piyush Patel |
| 03. | Mansukhbhai Patel |
#11. IBL Finance Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 85.55 |
| Post-issue | – |
#12. IBL Finance IPO Reservation Details
IBL Finance IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail | Not less than 50% of the issue size |
| Other | Not more than 50% of the issue size |
#13. IBL Finance IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 1,02,000 |
| Retail (Max.) | 1 | 2000 | 1,02,000 |
| HNI (Min.) | 2 | 4000 | 2,04,000 |
| HNI (Max.) | – | – | – |
#14. IBL Finance IPO – Prospectus Copy
An investor can download/view the IBL Finance prospectus copy, which the company filed to SEBI, details are as follows.
| IBL Finance IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. IBL Finance IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-2262638200/99
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. IBL Finance IPO Lead Manager
Fedex Securities Private Limited
Phone No.: +91-8104985249
E-Mail: mb@fedsec.in
Website: www.fedsec.in
#17. IBL Finance IPO Application (How to Apply for an IPO)
There are three primary options for applying for an IBL Finance IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “IBL Finance Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “IBL Finance Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. IBL Finance Company Details
IBL Finance Limited
Registered Office: Shop-151, Silver Stone Arcade, Near Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singapore, Causeway Road, Katargam, Surat-395004, Gujarat, India
Phone No: +91-9828116900
Email: complaince@iblfinance.in
Website: www.iblfinance.in
Investor Grievances/Compliance Officer: Dilipbhai Chauhan
#19. IBL Finance Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. IBL Finance Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Manish Patel |
| 02. | Piyush Patel |
IBL Finance IPO – Frequently Asked Questions (FAQs)
| #1. What is IBL Finance IPO?
IBL Finance brings its IPO of Rs. 34.30 Crores, on January 09, 2024, with a price band of Rs. 51 per share. |
| #2. What is the IBL Finance IPO Open date?
IBL Finance IPO’s opening date is January 09, 2024. |
| #3. What is the IBL Finance IPO Close Date?
IBL Finance IPO’s closing date is January 11, 2024. |
| #4. What is the IBL Finance IPO Listing date?
IBL Finance’s IPO listing date is January 16, 2024. |
| #5. What is the IBL Finance IPO Minimum investment amount?
IBL Finance IPO’s minimum investment amount is Rs. 102,000. |
| #6. What is the IBL Finance IPO offer issue Size?
IBL Finance offers an issue size of Rs. 34.30 Crores. |
| #7. What is the IBL Finance IPO Price Band?
IBL Finance’s IPO price band is Rs. 51 per share. |
| #8. Is IBL Finance IPO mainboard IPO or SME IPO?
IBL Finance IPO is an SME IPO. |
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