IPO

IBL Finance Ltd. IPO

IBL Finance Ltd., established in 2017, operates in the Non-Banking Financial Company (NBFC) sector. The company's IPO opened on January 9, 2024 and closed on January 11, 2024, with an issue price of ... Read more

Min Investment
₹ 1,02,000 / 2000 shares
Price Range
₹51
Bidding Dates
9 Jan '24 - 11 Jan '24
Total Issue Value
17.54 Cr
Lot Size
2,000
Total Issue Size
17.54 Cr
Listing At
NSE SME
Subscription
16.21 times
NSE Price
54.25 (6.37%)

IPO Timeline

  • 9 Jan 2024
    Bidding Starts
  • 11 Jan 2024
    Bidding Ends
  • 12 Jan 2024
    Allotment Finalization
  • 16 Jan 2024
    Listing

About IBL Finance Ltd.

Our Company commenced our lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from the Fiscal 2020 we migrated to fintech based financial services platform. As a technologydriven fintech company we leverage ... Read more

Parent organisation
Founded
IBL Finance Ltd.
2017

IBL Finance Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 3,30,000 (9.59%)
Non Institutional Investors 31,10,000 (90.41%)
Retail Individual Investors (RIIs) 31,10,000 (90.41%)

IBL Finance Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 14.22 Cr 2.28 Cr 31.57 Cr
31 Mar 2023 13.33 Cr 1.93 Cr 11.40 Cr
31 Mar 2022 3.27 Cr 42.73 Lakh 29.47 Lakh

IBL Finance Ltd. Background

Our Company was originally incorporated as a private company in the name and style of “IBL Finance Private Limited” under Companies Act, 2013 vide certificate of incorporation dated August 03, 2017 issued by Registrar of Companies, Central Registration Center. Our Company was ...

Read more

Major Events And Milestones
  • 2017
    Incorporation of the Company in the name and style of “IBL Finance Private Limited”.
  • 2018
    Received certificate of registration to commence business of non-banking financial institution without accepting public deposits.
  • 2020
    Launched a personal loan application on Google Playstore named “IBL: Instant Personal Loan.
  • 2023
    Converted into public limited company vide fresh certificate of incorporation dated May 22, 2023.
IBL Finance Ltd. Object of Issues

1. Augmenting our Company’s Tier – I capital base to meet our Company’s future capital requirements, arising out of the growth of our business and asset
2. General corporate purposes

IBL Finance Ltd. IPO Listing Details
Listing Date
16 Jan 2024
NSE Symbol
IBLFL
ISIN
INE0O7401018
Final Issue Price
₹ 51
IBL Finance Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 51.00
Open - ₹ 56.00
Low - ₹ 56.00
High - ₹ 58.80
Last Trade - ₹ 58.80
IBL Finance Ltd. Company Promoters

1. Manish Patel
2. Piyush Patel
3. Mansukhbhai Pate

Industry Overview

India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, ... Read more

IBL Finance Ltd. Contact Details
Address: Shop-151, Silver Stone Arcade, Near Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Surat Gujarat - 395004
Phone no:9328116900
9328116900
|
IBL Finance Ltd. IPO Registrar
Bigshare Services Private Limited.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
IBL Finance Ltd. IPO Lead Manager(s)
Fedex Securities Private Limited
B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai Maharashtra - 400057

FAQs

When does IBL Finance Ltd. IPO opens and closes?

IBL Finance Ltd. IPO opens from 9th January to 11th January 2024.

What is the size of IBL Finance Ltd. IPO?

The size of the IBL Finance Ltd. IPO is ₹17.54 Cr.

What is the minimum investment and lot size required for the IBL Finance Ltd. IPO?

The minimum investment required is ₹1,02,000 and minimum lot size is 2000 shares.

When is IBL Finance Ltd. IPO listing date?

The IBL Finance Ltd. IPO will be listed on 16th January 2024.

What is the objective of IBL Finance Ltd. IPO?

1. Augmenting our Company’s Tier – I capital base to meet our Company’s future capital requirements, arising out of the growth of our business and asset
2. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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