IBL Finance commenced their lending business to self-employed professional and small business entrepreneurs during the financial year on March 31, 2019. Subsequently, from the Fiscal 2020, they migrated to a fintech-based financial services platform. As a technology-driven fintech company, they leverage technology and data science to make lending quick and easy. From mobile Apps, they provide instant personal loans which is almost 100% digital process. They launched a personal loans business to fulfill the needs of the underserved Indian population. Their digital personal loan offering is well-suited to address the needs of the growing digitally connected Indians.
The company launched a mobile-based personal loans business under the “IBL: Instant Personal Loan” brand. Under their personal loan lending business, they extend instant personal loans up to ₹50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. Since their launch and up to March 31, 2023, they have disbursed 1,63,282 personal loans amounting to ₹7,105.44 lakhs. As of March 31, 2023, their personal loan business had an AUM of ₹1461.18 lakhs and they disbursed 1,22,078 personal loans amounting to ₹5234.70 lakhs, with an average ticket size of approx. ₹4500. The average tenor of loans which is outstanding at the end of Fiscal 2023 is 5 months.
The company revenue from operations for the Fiscal 2023, Fiscal 2022, and Fiscal 2021 was ₹1330.52 lakhs, ₹327.08 lakhs, and ₹ 112.59 lakhs, respectively. The profit before tax for the Fiscal 2023, Fiscal 2022, and Fiscal 2021 was ₹274.52 lakhs, ₹56.53 lakhs, and ₹(9.27) lakhs, respectively. The profit for Fiscal 2023, Fiscal 2022, and Fiscal 2021 was ₹192.83 lakhs, ₹42.73 lakhs, and ₹(9.88) lakhs, respectively.
Objects of the Issue:
- 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; and
- General corporate purposes.
IBL Finance IPO Review
- Avoid
IBL Finance IPO Date & Price Band Details
| IPO Open: | January 9, 2024 |
| IPO Close: | January 11, 2024 |
| IPO Size: | Approx ₹34.30 Crores, 6,725,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
IBL Finance IPO Market Lot
The IBL Finance IPO minimum market lot is 2000 shares with a ₹102,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹102,000 |
| Retail Maximum | 1 | 2000 | ₹102,000 |
| S-HNI Minimum | 2 | 4000 | ₹204,000 |
IBL Finance IPO Dates
The IBL Finance IPO date is January 9 and the IPO close date is January 11. The IPO allotment date is January 12 and the IPO might list on January 16.
| IPO Open Date: | January 9, 2024 |
| IPO Close Date: | January 11, 2024 |
| Basis of Allotment: | January 12, 2024 |
| Refunds: | January 15, 2024 |
| Credit to Demat Account: | January 15, 2024 |
| IPO Listing Date: | January 16, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
IBL Finance IPO Form
How to apply IBL Finance IPO? You can apply IBL Finance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IBL Finance IPO in the Invest section. The other option you can apply IBL Finance IPO via IPO forms download via the NSE website. Check out the IBL Finance forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
IBL Finance Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1.13 | ₹1.22 | ₹0.10 |
| 2022 | ₹3.27 | ₹2.71 | ₹0.43 |
| 2023 | ₹13.33 | ₹10.59 | ₹1.93 |
IBL Finance IPO Valuation – FY2023
Check IBL Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.56 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 9.41% |
| Net Asset Value (NAV): | ₹12.20 per Equity Share |
Peer Group
- MAS Financial Services Limited
- Arman Financial Service Limited
- Apollo Finvest (India) Limited
- CSL Finance Limited
- Ugro Capital Limited
Company Promoters
- Manish Patel
- Piyush Patel
- Mansukhbhai Patel
IBL Finance IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IBL Finance IPO Allotment Status
Check IBL Finance IPO allotment status on Linktime website URL. Click Here
IBL Finance IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
IBL Finance Limited
Shop-151, Silver Stone Arcade, Near.
Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50,
Singanpore, Causeway Road, Katargam, Surat- 395004
Phone: 9828116900
Email: [email protected]
Website: https://iblfinance.in/
