IBL Finance IPO Date, Review, Price, Allotment Details

IBL Finance IPO Details: IBL Finance IPO date is fixed, The IPO will open on January 9 and will close on January 11. IBL Finance is a NSE SME IPO to raise ₹34.30 crores via IPO. The IBL Finance IPO price band is fixed at ₹51 with a market lot of 2000 shares.
IBL Finance IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹102,000
Retail Maximum12000₹102,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

IBL Finance IPO FAQs


What is IBL Finance IPO?

IBL Finance IPO is an NSE SME IPO. They are going to raise ₹34.30 Crores via IPO. The issue is priced at ₹51 per equity share. The IPO is to be listed on NSE.

When IBL Finance IPO will open?

The IPO is to open on January 9, 2024 for QIB, NII, and Retail Investors.

What is IBL Finance IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the IBL Finance IPO?

You can apply IBL Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the IBL Finance IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “IBL Finance”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the IBL Finance IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “IBL Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the IBL Finance IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “IBL Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is IBL Finance IPO Size?

IBL Finance IPO size is ₹34.30 crores.

What is IBL Finance IPO Price Band?

IBL Finance IPO Price Band is ₹51 per equity share.

What is IBL Finance IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹102,000.

What is IBL Finance IPO Allotment Date?

IBL Finance IPO allotment date is January 12, 2024.

What is IBL Finance IPO Listing Date?

IBL Finance IPO listing date is January 16, 2024. The IPO to list on NSE SME.

Note: The IBL Finance IPO details are announced officially. The IPO grey market premium (IBL Finance IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.
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