The IBL Finance IPO commenced on January 9, 2024, and concluded on January 11, 2024. The allotment of shares took place on January 12, 2024, and the initiation of refunds began on January 15, 2024. The shares were credited to the demat accounts of investors on January 15, 2024. Finally, the listing of IBL Finance on the stock exchange occurred on January 16, 2024.
The IBL Finance IPO was priced at ₹51 per share, with a lot size of 2000 shares. The total issue size was ₹34.30 crores, comprising a fresh issue of ₹34.30 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
IBL Finance IPO Basic Details
| Company Name | IBL Finance Limited |
| Domain of Company | Financial Services |
| IBL Finance IPO GMP Today | ₹0 |
| IBL Finance IPO Listing Gain | 0.00% |
| IBL Finance IPO Open Date | January 9, 2024 |
| IBL Finance IPO Close Date | January 11, 2024 |
| IBL Finance IPO Allotment Date | January 12, 2024 |
| IBL Finance IPO Listing Date | 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 |
| Company Promoters | Manish Patel, Piyush Patel and Mansukhbhai Patel |
IBL Finance IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 3 January 2023 | ₹0 | 0.00% | – | – |
IBL Finance IPO Details:
Founded in August 2017, IBL Finance Limited is a financial services platform that makes borrowing quick and easy using technology and data science. Our mobile app, IBL Finance, allows you to get personal loans up to ₹50,000 in just a few minutes, all through a digital process. You can get your loan approved in under 3 minutes!
As of March 31, 2023, we have provided 163,282 personal loans totaling ₹7,105.44 lakhs. In 2023, our IBL Instant Personal Loan app had 381,156 logins, with an average of 27,969 active users every month.
By August 2023, we’ve expanded to 7 branches in major cities of Gujarat and Maharashtra.
Our advanced underwriting algorithms analyze data from various sources, generating 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 a team of 81 full-time employees.
IBL Finance IPO More Details Click Here
IBL Finance IPO FAQs
When is IBL Finance IPO open?
IBL Finance IPO will open on 9 January 2024.
When is IBL Finance IPO Close?
IBL Finance IPO will be closed on 11 January 2024.
What is IBL Finance IPO GMP Today?
The IBL Finance IPO GMP aka Grey Market Premium is ₹0.
What is IBL Finance IPO Kostak Rates Today?
The IBL Finance IPO Kostak Rate is ₹000.
What is IBL Finance IPO Subject to Sauda Price Today?
The IBL Finance IPO subject to sauda rates is ₹000.
IBL Finance IPO Expected Returns?
The IBL Finance expected return is 0.00%.
How much will be the listing gain in IBL Finance IPO?
IBL Finance IPO will get listing gain of 0.00%. (Approx.)
