IBL Finance IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 11, 2024Let’s have a detailed review of the company and analytics of the IBL Finance IPO release date, IPO offer price, subscription, IBL Finance Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | January 16, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3430 Lakh |
| IPO Size | Rs 3430 Lakh |
| Tick Size | 1 |
IBL Finance IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – IBL Finance Share Price |
IBL Finance IPO – Summary
Their Company was originally incorporated as a private company in the name and style of “IBL Finance Private Limited” under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 03, 2017, issued by Registrar of Companies, Ahmedabad bearing Corporate Identification Number U65999GJ2017PTC098565.
Their Company was converted into a public limited company pursuant to the special resolution passed by the Shareholders of their Company.
The promoters of this company are MANISH PATEL, PIYUSH PATEL AND MANSUKHBHAI PATEL. The lead manager of the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
IBL Finance IPO Date
The opening and closing dates of the IBL Finance IPO are January 9, 2024 and January 9, 2024, respectively.
IBL Finance IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 9th Jan | 1.67x | 7.30x | 4.64x |
| 2nd Day – 10th Jan | 3.37x | 13.97x | 8.97x |
| 3rd Day – 11th Jan | 3.84x | 16.26x | 10.40x |
| Shares Offered or Net Issue | 2,780,000 | 3,110,000 | 6,220,000 |
The shares subscribed by the public will be updated here.
IBL Finance IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
IBL Finance Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 12, 2024 |
| Refunds Initiation | January 15, 2024 |
| Credit of Shares to Demat Account | January 15, 2024 |
| Share Listing Date | January 16, 2024 |
IBL Finance IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
IBL Finance IPO Equity Size
This Initial Public Issue of 6,725,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.3430 Lakh.
IBL Finance IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,725,000 Equity Shares of Rs.10/ each.
Issue Size: 6,725,000 Equity Shares of Rs.10 each, aggregating to Rs.3430 Lakh
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IBL Finance IPO – Live Performance
The listing date of this IPO is January 16, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – IBL Finance Share Price |
IBL Finance IPO Grey Market Premium
The IBL Finance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
IBL Finance IPO – Company Overview
Their Company 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. Their Company through its mobile App provides instant personal loans which are almost 100% digital process.
They launched their personal loans business to fulfil 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.
They also launched their 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.
IBL Finance IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2218.11 | 1022.85 | 339.10 |
| *Total Revenue | 1333.13 | 327.08 | 112.59 |
| Total Expense1058.61 | 1058.61 | 270.55 | 121.86 |
| Profit After Tax | 192.83 | 42.73 | -9.88 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.77 | 1.31 | (0.30) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 192.83 Lakh, Rs. 42.73 Lakh and Rs. 9.88 Lakh respectively.
IBL Finance IPO – Promoters
The Promoter of this company is:
- MANISH PATEL,
- PIYUSH PATEL
- MANSUKHBHAI PATEL
List of Related Parties (Key Managerial Personnel)
- MANISH PATEL, Chairman and Managing Director
- PIYUSH PATEL, Whole-Time Director
- MANSUKHBHAI PATEL, Whole-Time Director Director
- BIPIN HIRPARA, Non-Executive Independent Director
IBL Finance IPO – Promoters Holding
- Pre-Issue Share Holding – 85.55%
- Post-Issue Share Holding – %
IBL Finance IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,725,000 Equity Shares aggregating up to Rs.3430 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,81,80,650 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
IBL Finance IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Augmenting their Company’s Tier–I capital base to meet their Company’s future capital requirements, arising out of the growth of their business and assets; and
- General corporate purposes
IBL Finance IPO – Business Strategy
- Grow existing lines of business by further enhancing their capabilities
- Continued investment in technology and data science capabilities
- Deepen, strengthen, and expand geographical Presence
- Enhance their Brand Recall to Attract New Customers
IBL Finance IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Mobile first approach driving better customer engagement and experience;
- Risk management, data science and machine learning leveraged operating model;
- Stable and relatively experienced management team; and
- Improved financial performance.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.77 | 9.41% | 12.20 |
| 31-Mar-22 | 1.31 | 12.02% | 2.42 |
| Mar-21 | (0.30) | -3.16% | 2.13 |
IBL Finance IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| IBL Finance Limited | 10 | [●] | 1.15 | 9.41% | 1,330.52 |
| Listed Peers | |||||
| MAS Financial Services Limited | 10 | 22.68 | 37.18 | 13.55% | 99,026.00 |
| Arman Financial Service Limited | 10 | 20.93 | 110.47 | 25.65% | 42,390.00 |
IBL Finance IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Saipan Sanghvi SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
IBL Finance IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Cave Road, Andheri – [East], Mumbai – 400093, Maharashtra, India. Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal C SEBI Registration No.: INR000001385 |
IBL Finance IPO – Other Details
- Statutory Auditor – VCAS & Co., Chartered Accountant
- Legal Counsel to the Company – Shaileshkumar Ashokbhai Ghevariya
- Bankers to the Company – YES BANK LIMITED
IBL Finance IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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IBL Finance Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
IBL Finance IPO Review FAQs
Check out various FAQs related to IBL Finance IPO:
What is the Issue Size of IBL Finance IPO?
The Company is making an initial public offer of 6,725,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the IBL Finance IPO?
The price band for this particular IPO ranges between Rs 51. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the IBL Finance IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 9, 2024, while the closing date is set at January 11, 2024.
What is the IBL Finance IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 12, 2024, refund initiation is on January 15, 2024, credit of shares is on January 15, 2024, and share listing date is on January 16, 2024.
What is the IBL Finance IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 16, 2024. The date, when the listing would be done, is stagnant on January 16, 2024.
Who is the Registrar of IBL Finance IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of IBL Finance IPO?
Here are the promoters of this IPO – MANISH PATEL, PIYUSH PATEL AND MANSUKHBHAI PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of IBL Finance IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is IBL Finance IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of IBL Finance Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 192.83, 2022 is 42.73, and 2021 is -9.88.
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