What you must know about IBL Finance IPO?
by 5paisa Research Team
04 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 16-Jan-24
- IPO Price Range ₹ 51
- Listing Price ₹ 56
- Listing Change 9.8%
- Last Traded Price ₹ 56.95
- Current Change 11.7%
IBL Finance IPO Details
- Open Date 09-Jan-24
- Close Date 11-Jan-24
- Lot Size 2000
- IPO Size ₹ 33.41 Cr
- IPO Price Range ₹ 51
- Min Investment ₹ 102000
- Listing Exchange NSE SME
- Basis of Allotment 12-Jan-24
- Refunds 15-Jan-24
- Credit to Demat Account 15-Jan-24
- Listing Date 16-Jan-24
IBL Finance IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-Jan-24 | - | 1.67 | 7.30 | 4.64 |
| 10-Jan-24 | - | 3.37 | 13.97 | 8.97 |
| 11-Jan-24 | - | 11.13 | 24.03 | 17.95 |
IBL Finance IPO Synopsis
IBL Finance Limited IPO is all set to open from 9th January to 11th January 2024. The company is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. The IPO is a fixed price issue of Rs 33.41 crores. The issue is entirely a fresh issue of 65.5 lakh shares.. The share allotment date is 12th January, and the IPO will be listed on 16th January on the stock exchanges. The price band is ₹51 per share and the lot size is 2000 shares.
Fedex Securities Pvt Ltd is the book-running lead managers for this IPO, while Bigshare Services Pvt Ltd is the registrar.
Objectives of IBL Finance IPO:
The Net Proceeds are proposed to be used as under:
● Augmenting the company's Tier-I capital base to meet the company's future capital requirements, arising out of the growth of the business and asset; and
● General corporate purposes.
About IBL Finance
IBL Finance Limited, a fintech-based financial services platform that was founded in August 2017, leverages data science and technology to expedite and simplify financing. With a fully digital approach, IBL Finance, a smartphone app, provides quick personal loans up to ₹50,000. Approval times for loans can be as short as three minutes.
The company has disbursed 1,63,282 personal loans totaling ₹ 7,105.44 lakhs as of March 31, 2023. 381,156 logins were made to the IBL Instant Personal Loan app in 2023. Every month, 27,969 people were active on the app on average.
The company's sophisticated underwriting algorithms create credit reports with over 500 data points using information from several sources. Using clear, succinct language will guarantee that clients can grasp the information the business offers.
As of June 30, 2023, 81 full-time people are working for the firm.
Peer Comparison
● MAS Financial Services Limited
● Arman Financial Service Limited
● Apollo Finvest (India) Limited
● CSL Finance Limited
● Ugro Capital Limited
For More Information:
Webstory on IBL Finance IPO
IBL Finance Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.3 | 3.27 | 1.12 |
| EBITDA | 3.99 | 0.7 | -0.02 |
| PAT | 1.93 | 0.42 | -0.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 22.18 | 10.23 | 3.39 |
| Share Capital | 9.09 | 3.26 | 3.26 |
| Total Borrowings | 1.69 | 6.67 | 0.26 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -8.94 | -5.63 | -0.8 |
| Net cash from / (used in) investing activities | -0.08 | 0.11 | 0.65 |
| Net cash flow from / (used in) financing activities | 8.79 | 6.38 | -0.004 |
| Net increase (decrease) in cash and cash equivalents | NA | 0.86 | -0.15 |
IBL Finance IPO Key Points
-
Strengths
1. The company operate a mobile-first, app-only model for personal loans which drives better customer engagement and experience
2. To ensure growth is sustainable and profitable, the company places a strong focus on both credit quality and pricing
3. The company has a stable and experienced management team
-
Risks
1. The company, Directors and Promoter are subject to certain legal proceedings and any adverse decision in such proceedings may affect the business, financial condition and results of operations
2. The company's technology-driven underwriting, risk management and collection processes may not be able to identify effectively, monitor or mitigate the risks in our lending operations
3. The business requires substantial capital, and any disruption in funding sources would have a material adverse effect on the liquidity and financial condition
IBL Finance
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
IBL Finance IPO FAQs
When does the IBL Finance IPO opens and closes?
The IBL Finance IPO is open from 9th January to 11th January 2024.
What is the size of the IBL Finance IPO?
The size of IBL Finance IPO is around ₹33.41 cr.
How to apply for the IBL Finance IPO?
To apply for IBL Finance IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the IBL Finance IPO
● 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.
What is GMP of IBL Finance IPO?
The GMP value of every IPO changes daily. To view today's GMP of IBL Finance IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of IBL Finance IPO?
The price of IBL Finance IPO has been fixed at Rs 51 per share.
What is the minimum lot size and investment required for the IBL Finance IPO?
The minimum lot size of IBL Finance is 2000 shares and the minimum investment requirement is ₹102,000.
What is the allotment date of the IBL Finance IPO?
The share allotment date of IBL Finance IPO is the 12th of January 2024.
What is the IBL Finance IPO listing date?
The IBL Finance IPO will be listed on the 16th of January 2024.
Who are the book runners for IBL Finance IPO?
Fedex Securities Pvt Ltd is the book-running lead manager for IBL Finance IPO.
What is the objective of IBL Finance IPO?
The Net Proceeds are proposed to be used as under:
● Augmenting the company's Tier-I capital base to meet the company's future capital requirements, arising out of the growth of the business and asset; and
● General corporate purposes.
Contact Details of IBL Finance IPO
Contact Information
Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha - 383205
Phone: +91 87359 32511
Email: compliance@australianpremiumsolar.co.in
Website: http://www.australianpremiumsolar.co.in/
IBL Finance IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: australianpremium.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IBL Finance IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
IBL Finance IPO Related Articles
