The IBL Finance IPO minimum market lot is 2000 shares with ₹102,000 application amount. The IBL Finance IPO is an NSE SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Caution (Avoid). Investors should also look at the QIB, NII, and Retail numbers before investing.
IBL Finance IPO Subscription Status – Day 3
| IPO Category | Subscription Numbers |
| NII | 11.13 |
| RII | 24.03 |
| Total | 17.95 |
IBL Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IBL Finance IPO Review
- Avoid
IBL Finance IPO Form
How to apply for the IBL Finance IPO? You can apply for 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 is you can apply for IBL Finance IPO via IPO forms downloaded online. Check out the IBL Finance forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
