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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 339.10 | 112.59 | -9.88 | -0.07 | 312.73 | 2.13 | -13.27 | |
| 31-Mar-22 | 1,022.85 | 327.08 | 42.73 | 0.29 | 355.47 | 2.42 | 29.47 | 640.58 |
| 31-Mar-23 | 2,218.11 | 1,333.13 | 192.83 | 1.15 | 2,048.74 | 12.20 | 1,139.71 | 9.12 |
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 Date | Jan 9, 2024 to Jan 11, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,725,000 shares of ₹10 (aggregating up to ₹34.30 Cr) |
| Fresh Issue | 6,725,000 shares of ₹10 (aggregating up to ₹34.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,180,650 |
| Share holding post issue | 24,905,650 |
| Company Promoters | Manish Patel, Piyush Patel and Mansukhbhai Patel |
IBL Finance IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% 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.
| Event | Date |
| Opening Date | 9 January 2024 (Tuesday) |
| Closing Date | 11 January 2024 (Thursday) |
| Basis of Allotment | 12 January 2024 (Friday) |
| Initiation of Refunds | 15 January 2024 (Monday) |
| Credit of Shares to Demat | 15 January 2024 (Monday) |
| Listing Date | 16 January 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| S-HNI (Min) | 2 | 4000 | ₹204,000 |
IBL Finance IPO Promoter Holding
The company’s promoters include Manish Patel, Piyush Patel and Mansukhbhai Patel.
| Pre Issue Share Holding | 85.55% |
| 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.
| KPI | Values |
| 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 Ratio | 0 |
IBL Finance Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/B Ratio |
| IBL Finance Limited | Standalone | 10.00 | 1.15 | 9.41 | 12.20 | ||
| Peer Group | |||||||
| MAS Financial Services Limited | Consolidated | 10.00 | 37.18 | 22.68 | 13.55 | 277.83 | 3.03 |
| Arman Financial Service Limited | Consolidated | 10.00 | 107.28 | 20.93 | 25.65 | 430.61 | 0.19 |
| Apollo Finvest (India) Limited | Standalone | 10.00 | 27.01 | 19.56 | 24.06 | 112.26 | 0.21 |
| CSL Finance Limited | Consolidated | 10.00 | 21.40 | 15.38 | 12.59 | 174.85 | 1.94 |
| Ugro Capital Limited | Standalone | 10.00 | 5.66 | 53.43 | 4.04 | 106.46 | 0.35 |
IBL Finance IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 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.
| Category | Subscription |
| Other | 11.13x |
| Retail | 24.03x |
| Total | 17.95x |
IBL Finance IPO Prospectus
| IBL Finance IPO DRHP | Download |
| IBL Finance IPO RHP | Download |
| IBL Finance IPO Anchor Investors Details PDF | Download |
IBL Finance IPO Rating
| Our Rating | 2.5/5.0 |
IBL Finance Company Contact Information
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)
