The IBL Finance IPO started on January 9, 2024, and ended on January 11, 2024. Shares were allocated on January 12, 2024, and refund processes began on January 15, 2024. On January 15, 2024, the shares were credited to investors demat accounts. IBL Finance was officially listed on the stock exchange on January 16, 2024.
During the IPO, IBL Finance offered shares at a price range of ₹51 per share, and the lot size was 2000 shares. The total issue size was ₹34.30 crores, with ₹34.30 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
IBL Finance IPO Subscription Update Video
IBL Finance IPO Subscription Status
The IBL Finance IPO on January 11, 2023 was subscribed 17.95 times, with the retail category being subscribed 24.03 times, the NII (Non-Institutional Investor) category being subscribed 11.13 times.
| Category | Subscription |
| Other | 11.13x |
| Retail | 24.03x |
| Total | 17.95x |
IBL Finance IPO Basic Details
| Company Name | IBL Finance Limited |
| Domain of Company | Financial Services |
| 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 |
About IBL Finance Limited
Founded in August 2017, IBL Finance Limited is a tech-savvy financial services platform that employs technology and data science to simplify and speed up the lending process. With the IBL Finance mobile app, you can get personal loans of up to ₹50,000 in just a few minutes, thanks to a fully digital process.
As of March 31, 2023, we’ve approved a whopping 163,282 personal loans, totaling ₹7,105.44 lakhs. In 2023, our IBL Instant Personal Loan app witnessed 381,156 logins, with an average of 27,969 active users each month.
By August 2023, we’ve expanded our presence to 7 branches in key cities across Gujarat and Maharashtra, making our services more accessible.
Our cutting-edge underwriting algorithms analyze data from various sources, generating a credit report with over 500 data points. We aim to communicate information in a straightforward manner, ensuring our customers easily grasp the details.
As of June 30, 2023, our team comprises 81 full-time employees dedicated to providing top-notch service.
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IBL Finance IPO FAQs
What is the start and end date of IBL Finance IPO Subscription?
The IBL Finance IPO started on January 9, 2024 and ended on January 11, 2024.
When does IBL Finance IPO Subscription open?
The IBL Finance IPO open on January 9, 2024.
When does IBL Finance IPO Subscription close?
The IBL Finance IPO Close on January 11, 2024.
What is the allotment date of IBL Finance IPO?
The allotment date for IBL Finance IPO is January 12, 2024.
When is the initial refund date of IBL Finance IPO?
The initial Refund date for IBL Finance IPO is January 15, 2024.
When were the shares credited to investors demat accounts for the IBL Finance IPO?
The shares for the IBL Finance IPO were credited to investors demat accounts on January 15, 2024.
When will IBL Finance IPO be listed on the stock market?
IBL Finance IPO stock market will be listed on January 16, 2024 at 10 am.
What was the price range of the IBL Finance IPO shares?
The IBL Finance IPO shares were offered at a price range of ₹51 per share.
What was the lot size for the IBL Finance IPO shares?
The lot size for the IBL Finance IPO shares was 2000 shares.
What was the total issue size of the IBL Finance IPO?
The total issue size of the IBL Finance IPO was ₹34.30 crores.
How were the shares allocated among different types of investors for the IBL Finance IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the IBL Finance IPO listed?
The IBL Finance IPO was listed on the NSE SME.
What is the IBL Finance IPO Subscription Status?
IBL Finance IPO is subscribed 17.95 Times.
