IBL Finance Ltd

E-Commerce/App based Aggregator

Offer Period :

9th to 1st Jan 2024

IBL Finance Ltd IPO Details

IPO Date 9th to 1st Jan 2024 Minimum Investment ₹102000 / 1 Lots
Listing Date 2024-01-16 Maximum Investment ₹102000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹33.41 Crores
Price ₹51 to ₹51 per share Fresh Issue ₹33.41 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 9th to 1st Jan 2024
Listing Date 2024-01-16
Face Value ₹10 per share
Price ₹51 to ₹51 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹102000 / 1 Lots
Maximum Investment ₹102000 / 1 Lots
Total Issue Size ₹33.41 Crores
Fresh Issue ₹33.41 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

9th Jan

IPO Starts

11th Jan

IPO Ends

12th Jan

Allotment Date

15th Jan

Initiation of Refund

15th Jan

Credit of Shares to Demat Account

16th Jan

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57.65 42.38
Public Group 42.35 57.62

IBL Finance Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 3110000(47.48%)
Retail Shares Offered 3110000(47.48%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 6550000
Total Shares With Anchor Investor 6550000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

IBL Finance Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

IBL Finance Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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IBL Finance Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of IBL Finance Ltd

1. Mobile first approach driving better customer engagement and experience.

2. Risk management, data science and machine learning leveraged operating model.

3. Stable and relatively experienced management team.

4. Improved financial performance.

Risks Involved

1. The Company Directors, Promoters and group companies are subject to certain legal proceedings and any adverse decision in such proceedings may affect its business, financial condition and results of operations.

2. The company financial performance is particularly vulnerable to interest rate volatility. If its are unable to manage interest rate risk in the future it could have an adverse effect on the company net interest margin, thereby adversely affecting business and financial condition of the Company.

3. The company technology-driven underwriting, risk management and collection processes may not be able to effectively identify, monitor or mitigate the risks in the company lending operations.

4. The company software and data centres for its primary and backup data storage may experience system downtime, prolonged power outages or shortages.

5. Its business processes a large amount of data, including personal data, and the improper collection, hosting, use or disclosure of data could harm our reputation and have an adverse effect on its business, financial condition, results of operations and cash flows.

6. The company's business requires substantial capital, and any disruption in funding sources would have a material adverse effect on its liquidity and financial condition.

7. High levels of customer defaults or delays in repayment of loans could adversely affect the company business, financial condition and results of operations.

8. The Company and its Promoter may not have significant experience in the business of the Company.

9. The company has incurred loss, and its may not achieve profitability in the future.

10. The company is subjected to supervision and regulation by the RBI as a non-systemically important NBFC, and changes in RBI's regulations governing us could adversely affect its business.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 22.18 10.23 3.39
Total Liabilities 22.18 10.23 3.39
Total Expenses 10.59 2.71 1.22
Total Revenue 
13.33 3.27 1.13
Profit After Tax 1.93 0.43 -0.1
EBITDA 4.02 0.7 -0.02
Adjusted EBITDA 0 0 0

IBL Finance Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-01-16 91871 IBLFL
INE0O7401018
₹51 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹51 ₹51
Open ₹0 ₹56
Low ₹0 ₹56
High ₹0 ₹58.8
Low ₹0 ₹56

Frequently Asked Questions

What is IBL Finance Ltd IPO?

Answer Field

IBL Finance Ltd IPO is a SME IPO of 65,50,000 equity shares of a face value of ₹10 aggregating up to ₹33.41 Crores. The issue is priced at ₹51 to ₹51 per share. The minimum order quantity is 2000 Shares. The IPO opens on January 09, 2024, and closes on January 11, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When IBL Finance Ltd IPO will open?

Answer Field

The IBL Finance Ltd IPO opens on January 09, 2024 and closes on January 11, 2024.

What is the lot size of IBL Finance Ltd?

Answer Field

IBL Finance Ltd lot size is 2000 shares, and the minimum amount required is ₹1,02,000.

How to apply for IBL Finance Ltd IPO?

Answer Field

You can apply in IBL Finance Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is IBL Finance Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for IBL Finance Ltd IPO will be done on January 12, 2024, and the allotted shares will be credited to your demat account by January 15, 2024.

When is IBL Finance Ltd IPO listing date?

Answer Field

The IBL Finance Ltd listing date is January 16, 2024.

Who is the registrar of IBL Finance Ltd IPO?

Answer Field

The registrar of IBL Finance Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of IBL Finance Ltd IPO?

Answer Field

The fresh issue size is ₹33.41 Crores equity shares.

What minimum lot size can retail subscribers subscribe to IBL Finance Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,02,000 amount.

How can I approve the UPI mandate request for IBL Finance Ltd IPO?

Answer Field

To apply for IBL Finance Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of IBL Finance Ltd?

Answer Field

The price of each IBL Finance Ltd share will be ranging in between ₹51 to ₹51 per share.

What is the cut-off time for the UPI mandate for IBL Finance Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 11, 2024.

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