IBL FINANCE LTD (NSE SME)
January 9, 2024 – January 11, 2024
| Price | ₹51 - ₹51 |
| Premium | ₹4 |
|---|---|
| Lot size | 2000 |
| Allotment | Jan 12, 2024 |
| Listing | Jan 16, 2024 |
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
Email: compliance@iblfinance.in
Website: https://iblfinance.in/
Last updated on 11-Jan-2024 17:00:22
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 3110000 | 31270000 | 10.05 |
| RETAIL | 3110000 | 74726000 | 24.03 |
| Total | 6220000 | 105996000 | 17.04 |
| Retail Apps | 37363 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.69 | @8% ₹0.79 | @9% ₹0.88 | @10% ₹0.98 | @11% ₹1.08 | @12% ₹1.18 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 102000 | 1555 |
| HNI | 2 | 4000 | 204000 | 1555 |
Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.
As of March 31, 2023 the company has disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app had 381,156 logins. On average, 27,969 users were active on the app every month.
As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.
The company's advanced underwriting algorithms use data from many sources to generate a credit report with over 500 data points. Keeping the language simple and concise to ensure the customers can easily understand the information the company provides.
As of June 30, 2023, the company employs 81 full time employees.
IBL Finance IPO Details
| Issue Size | 6,550,000 shares (aggregating up to ₹33.41 Cr) |
| Fresh Issue | 6,550,000 shares (aggregating up to ₹33.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,180,650 |
| Share holding post issue | 24,730,650 |
| Market Maker portion | 330,000 shares Market-Hub Stock Broking |
IBL Finance IPO Reservation
IBL Finance IPO offers 6,220,000 shares. 2,780,000 (44.69%) to NII, 3,110,000 (50.00%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 330,000 (5.31%) |
| Other Shares Offered | 2,780,000 (44.69%) |
| Retail Shares Offered | 3,110,000 (50.00%) |
| Shares Offered | 6,220,000 (100%) |
IBL Finance IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0 |
| RoNW | 9.41% |
Company Financials
IBL Finance Limited Financial Information (Restated)
IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Jul 2023 | Mar 2023 | Mar 2022 | 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 | 120.60 | 192.83 | 42.73 | -9.88 |
| Net Worth | 2,169.34 | 2,048.74 | 355.47 | 312.73 |
| Reserves | 351.27 | 1,139.71 | 29.47 | -13.27 |
| Borrowing | 7.51 | 9.12 | 640.58 | |
| Amount in ₹ Lakhs | ||||