IBL Finance Limited IPO
- IPO Date09 Jan, 2024 to 11 Jan, 2024
- Listing Date16 Jan, 2024
- Face Value₹10 per share
- Issue Price₹51 to ₹51 per share
- Lot Size2000 Shares
- Minimum Investment₹1,02,000
- Listing AtNSE SME
- Total Issue Size67,25,000 Shares
(aggregating up to ₹34.30 Cr) - Fresh Issue67,25,000 Shares
(aggregating up to ₹34.30 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,81,80,650
- Shareholding post issue2,49,05,650
IPO Dates
Closing Date
11 Jan, 2024
Initiation of Refunds
15 Jan, 2024
Listing Date
16 Jan, 2024
09 Jan, 2024
Opening Date
12 Jan, 2024
Basis of Allotment
15 Jan, 2024
Credit of Shares
IBL Finance Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| HNI (Min) | 2 | 4000 | ₹2,04,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
IBL Finance Limited Promoter Holding
The Promoters of the company are Manish Patel, Piyush Patel and Mansukhbhai Patel.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 85.55% | - |
IBL Finance Limited COMPANY INFORMATION
IBL Finance IPO is a fixed price issue of Rs 34.30 crores. The issue is entirely a fresh issue of 67.25 lakh shares. IBL Finance IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The allotment for the IBL Finance IPO is expected to be finalized on Friday, January 12, 2024. IBL Finance IPO will list on NSE SME with tentative listing date fixed as Tuesday, January 16, 2024. IBL Finance IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹204,000. Fedex Securities Pvt Ltd is the book running lead manager of the IBL Finance IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to IBL Finance IPO DRHP for detailed information.
Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.
As of March 31, 2023 the company has disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app had 381,156 logins. On average, 27,969 users were active on the app every month.
As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.
The company's advanced underwriting algorithms use data from many sources to generate a credit report with over 500 data points. Keeping the language simple and concise to ensure the customers can easily understand the information the company provides.
As of June 30, 2023, the company employs 81 full time employees.
FAQs About Ibl Finance Limited Ipo
IBL Finance Limited IPO will open on 09 Jan, 2024 and close on 11 Jan, 2024. Investors must apply within this period to participate.
The IBL Finance Limited IPO price band is set between ₹51.00 and ₹51.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹102000.00.
The IBL Finance Limited IPO shares are expected to be listed on 16 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your IBL Finance Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The IBL Finance Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.