IBL Finance Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | January 16, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 51 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 65,50,000 shares (aggregating up to ₹ 33.41 Cr) |
| Fresh Issue | 65,50,000 shares (aggregating up to ₹ 33.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,81,80,650 |
| Share holding post issue | 2,47,30,650 |
| Market Maker portion | 3,30,000 shares Market-Hub Stock Broking |
About IBL Finance Limited IPO
IBL Finance Ltd. (IBL FL) commenced lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from Fiscal 2020 it migrated to a fintech based financial services platform. As a technology driven fintech company it leverages technology and data-science to make lending quick and easy. IBL finance launched a personal loans business to fulfill the needs of the underserved Indian population. Its digital personal loan offering is well-suited to address the needs of the growing digitally connected Indians.
The company launched a mobile App based personal loans business under the "IBL: Instant Personal Loan '' brand. Under personal loan lending business, it extends instant personal loans up to Rs. 50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. IBL Finance IPO is a fixed price issue of Rs 33.41 crores. The issue is entirely a fresh issue of 65.5 lakh shares. IBL Finance IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the IBL Finance IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for IBL Finance IPO is Market-Hub Stock Broking.
Objectives of IBL Finance IPO
The company proposes to utilize the Net Proceeds from the Issue towards the following objectives:
- 1. Augmenting the company's Tier-I capital base to meet the company's future capital requirements, arising out of the growth of the business and asset.
- 2. General corporate purposes.
IBL Finance IPO Review
The company is operating in a highly competitive and fragmented segment of financing self-employed under served masses with its fintech based app. Based on FY24 annualized super earnings, the issue appears aggressively priced. The sustainability of margins remains a major concern going forward. There is no harm in skipping this pricey issue.
IBL Finance Limited IPO Financial Information
Latest Revenue
492.58
₹ Crore
Profit After Tax
120.60
₹ Crore
Net Worth
2,169.34
₹ Crore
Total Borrowing
7.51
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 July 2023 | 2,317.60 | 492.58 | 120.60 | 2,169.34 | 7.51 | ||||
| 31 Mar 2023 | 2,218.11 | 1,333.13 | 192.83 | 2,048.74 | 9.12 | ||||
| 31 Mar 2022 | 1,022.85 | 327.08 | 42.73 | 355.47 | 640.58 | ||||
| 31 Mar 2021 | 339.10 | 112.59 | -9.88 | 312.73 | — | ||||
| Amount in ₹ Crore | |||||||||
IBL Finance Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0 |
| RoNW | 9.41% |
| P/BV | 4.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.06 | 1.46 |
| P/E (x) | 48.08 | 34.86 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
IBL Finance Limited IPO Timeline
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4,000 | ₹204,000 |