IBL Finance Ltd
Price Range
₹51
Min. Quantity
2,000
Closes on
11 January 2024
Min. investment
₹1,02,000/2,000 Shares
IBL Finance Ltd IPO Timeline
IBL Finance Ltd was originally incorporated as a Private Company in the name and style of 'IBL Finance Private Limited' vide Certificate of Incorporation dated August 03, 2017 at Ahmedabad. The Company was converted into a Public Limited Company and upon conversion, the name of Company was changed to 'IBL Finance Limited' vide a fresh Certificate of Incorporation dated May 22, 2023, issued by the Registrar of Companies, Ahmedabad.
| Event | Date |
|---|---|
| IBL Finance Ltd IPO Opening Date | 9 January 2024 |
| IBL Finance Ltd IPO Closing Date | 11 January 2024 |
| Basis of Allotment | 12 January 2024 |
| Initiation of Refunds | 15 January 2024 |
| Credit of Shares to Demat | 15 January 2024 |
| IBL Finance Ltd IPO Listing Date | 16 January 2024 |
IBL Finance Ltd IPO Details
| IBL Finance Ltd IPO Date | 9 January 2024 to 11 January 2024 |
| IBL Finance Ltd IPO Face Value | ₹10 per share |
| IBL Finance Ltd IPO Price | ₹51 to ₹0 per share |
| IBL Finance Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹33.41 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹33.41 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Manish Patel, Piyush Patel, Mansukhbhai Patel |
IBL Finance Ltd IPO Lot Size
The IBL Finance Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,02,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,02,000 |
| Maximum | 1 | 2,000 | ₹1,02,000 |
- Strengths
- Risks
- Opportunities
- 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.
- Improved financial performance.
Company Financials
IBL Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 66.36 | 14.22 | 2.28 |
| 03-2023 | 22.27 | 13.33 | 2.05 |
| 03-2022 | 10.23 | 3.27 | 0.43 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augmenting the company's Tier I capital base to meet its company's future capital requirements arising out of the growth of its business and asset
- General corporate purposes
IBL Finance Ltd IPO Promoter Holding
| Pre Issue Share Holding | 10.52% |
| Post Issue Share Holding | 7.73% |
IBL Finance Ltd IPO Subscription Status (Bidding Detail)
The IBL Finance Ltd IPO is subscribed 16.1826 times on 11 January 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 16.1826 |
IBL Finance Ltd IPO Prospectus
IBL Finance Ltd IPO Listing Date
| Listing Date | 16 January 2024 |
| BSE Script | 91871 |
| NSE Symbol | IBLFL |
| Listing In | NSE - SME |
| ISIN | INE0O7401018 |
| IPO Price | ₹51 |
| Face Value | ₹10 |
Company Contact Information
# 151 Silver Stone ArcadeSingapore Causeway Rd Katargam,Surat-395004
Phone: 98281 16900
Email: compliance@iblfinance.in
Website: www.iblfinance.in
IBL Finance Ltd IPO Registrar
IBL Finance Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of IBL Finance Ltd IPO?
I have pre-applied for IBL Finance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.