IBL Finance IPO Subscription Status (Live Data)

IBL Finance IPO Subscription Status (Live Data)

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.

CategorySubscription
Other11.13x
Retail24.03x
Total17.95x

IBL Finance IPO Basic Details

Company NameIBL Finance Limited
Domain of CompanyFinancial Services
IBL Finance IPO Open DateJanuary 9, 2024
IBL Finance IPO Close DateJanuary 11, 2024
IBL Finance IPO Allotment DateJanuary 12, 2024
IBL Finance IPO Listing DateJanuary 16, 2024
Face Value₹10 per share
Price₹51 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
Company PromotersManish 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.

IBL Finance IPO Should you subscribe?

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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.

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