IBL Finance IPO Details | GMP, Date, Price, Review

IBL Finance IPO

IBL Finance IPO Details ( IBL Finance Limited IPO Review )

(9 Jan 2024 – 11 Jan 2024)

Founded in August 2017, IBL Finance Limited is a financial services platform that makes borrowing quick and easy, thanks to technology and data science. Our mobile app, IBL Finance, allows you to get personal loans up to ₹50,000 instantly through a fully digital process – approvals can happen in less than 3 minutes.

By March 31, 2023, we’ve provided 163,282 personal loans totaling ₹7,105.44 lakhs. In 2023 alone, our IBL Instant Personal Loan app had 381,156 logins, with an average of 27,969 active users every month.

As of August 2023, we’ve expanded to 7 branches in major cities in Gujarat and Maharashtra.

Our advanced underwriting algorithms analyze data from various sources, creating a credit report with over 500 data points. We keep our language simple and concise to ensure our customers easily understand the information we provide.

As of June 30, 2023, we have 81 full-time employees on our team.

IBL Finance Limited IPO Competitive Strength

  • Mobile first approach driving better customer engagement and experience
  • Risk management, data science and machine learning leveraged operating model
  • Stable and experienced management team
  • Improved financial performance

IBL Finance IPO Financials Performance ( Results )

IBL Finance Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IBL Finance IPO Issue

  • Augmenting the company’s Tier-I capital base to meet the company’s future capital requirements, arising out of the growth of our business and asset; and
  • General corporate purposes.

IBL Finance IPO Basic Details

IPO DateJan 9, 2024 to Jan 11, 2024
Listing DateTuesday, January 16, 2024
Face Value₹10 per share
Price51 per share
Lot Size2000 Shares
Issue Size6,725,000 shares of ₹10
(aggregating up to ₹34.30 Cr)
Fresh Issue6,725,000 shares of ₹10
(aggregating up to ₹34.30 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue18,180,650
Share holding post issue24,905,650
Company PromotersManish Patel, Piyush Patel
and Mansukhbhai Patel

IBL Finance IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

IBL Finance IPO Timetable

IBL Finance IPO will open on January 9, 2024 and close on January 11, 2024. You can join IBL Finance IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date9 January 2024 (Tuesday)
Closing Date11 January 2024 (Thursday)
Basis of Allotment12 January 2024 (Friday)
Initiation of Refunds15 January 2024 (Monday)
Credit of Shares to Demat15 January 2024 (Monday)
Listing Date16 January 2024 (Tuesday)
Deadline for UPI mandate confirmation5 PM on 11 January 2024

IBL Finance IPO Lot Size

For retail investors in IBL Finance IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹102,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹102,000.

Retail (Min)12000₹102,000
Retail (Max)12000₹102,000
S-HNI (Min)24000₹204,000

IBL Finance IPO Promoter Holding

The company’s promoters include Manish Patel, Piyush Patel and Mansukhbhai Patel.

Pre Issue Share Holding85.55%
Post Issue Share Holding

IBL Finance Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)
Earning Per Share (EPS)₹1.15 per Equity Share
Net Asset Value (NAV)₹12.20 per Equity Share
P/E Ratio (P/E) (x)
Post P/E Ratio (P/E) (x)
Return on Net Worth (RoNW) (%)9.41
Return on equity (ROE) (%)9.41
Return on Capital Employed (ROCE) (%)18.88
Debt/Equity Ratio0

IBL Finance Ltd Peer Comparison

Company NameConsolidated/
IBL Finance
Peer Group
MAS Financial
Apollo Finvest
(India) Limited
CSL Finance
Ugro Capital

IBL Finance IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
11 January 2024₹0
10 January 2024₹0
9 January 2024₹0
8 January 2024₹0
7 January 2024₹0
6 January 2024₹0

IBL Finance IPO Detail Video:

IBL Finance IPO Subscription Status (Bidding Detail)

The IBL Finance IPO on January 11, 2024 at 7:30:00 PM was subscribed 17.95 times, with the retail category being subscribed 24.03 times, the other category being subscribed 11.13 times.


IBL Finance IPO Prospectus

IBL Finance IPO DRHPDownload
IBL Finance IPO RHPDownload
IBL Finance IPO Anchor Investors Details PDFDownload

IBL Finance IPO Rating

Our Rating2.5/5.0

IBL Finance Company Contact Information

IBL Finance Limited

IBL Finance Limited

Registered Office: Shop-151, Silver Stone Arcade, Near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat – 395004, Gujarat, India
Tel No.: 9828116900
Email: compliance@iblfinance.in
Website: https://iblfinance.in/
Contact Person: Dilipbhai Chauhan, Company Secretary & Compliance Officer
Our Promoters: Manish Patel, Piyush Patel and Mansukhbhai Patel

IBL Finance IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri – [East], Mumbai – 400093, Maharashtra, India.
Tel No.: +91 22 6263 8200
Fax No.: +91 22 6263 8299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C
SEBI Registration No.: INR000001385

IBL Finance IPO Lead Manager

Fedex Securities Private Limited

Registered Office: B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East],
Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Saipan Sanghvi
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in

IBL Finance IPO FAQs

What is the lot size of IBL Finance IPO?

The total size of IBL Finance IPO is ₹34.30 crores and this is a complete fresh Issue.

When will IBL Finance IPO start?

IBL Finance IPO will open from 9 January 2024 and IPO will close on 11 January 2024.

What is the open date of IBL Finance IPO?

IBL Finance IPO will open date from 9 January 2024.

What is the last date ( close date ) of IBL Finance IPO?

IBL Finance IPO will close from 11 January 2024.

What is the price band of IBL Finance IPO?

IBL Finance IPO price band is ₹51. ( Upper Price Band: ₹, Lower Price Band: ₹ )

What is the minimum amount required to apply for IBL Finance IPO?

The minimum investment for retailers to apply for IBL Finance IPO is ₹102,000 and the maximum investment is ₹102,000.

What is going on gray market premium of IBL Finance IPO?

View gray market premium of IBL Finance  IPO by Clicking Here

How much is the GMP of IBL Finance IPO?

Watch IBL Finance IPO GMP Today: Click Here

What is the allotment date of IBL Finance IPO?

The allotment date of IBL Finance IPO is 12 January 2024.

How to check allotment status in IBL Finance IPO?

To check the allotment status of IBL Finance IPO, first of all go to the registrar website by clicking here, select your bad IBL Finance IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of IBL Finance IPO?

The listing date of IBL Finance IPO is 16 January 2024.

How much will be the listing gain in IBL Finance IPO?

View listing gain of IBL Finance IPO by Clicking Here

How much time IBL Finance IPO is subscribed?

Total 17.95 times subscribed in IBL Finance IPO out of which 24.03 times subscription was done in retail quota, 11.13 times subscription in other quota.

How to apply for IBL Finance IPO from Upstox?

Click Here to see how to apply for IBL Finance IPO from Upstox. (step by step)

How to apply for IBL Finance PO from Zerodha?

Click Here to see how to apply for IBL Finance IPO from Zerodha. (step by step)

How to apply for IBL Finance IPO from Angle One?

Click Here to see how to apply for IBL Finance IPO from Angle One. (step by step)

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