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IBL Finance Limited IPO (IBL Finance IPO) Detail
The Rs 33.41 crore IBL Finance IPO is a fixed-price offering. This is a completely new 65.5 lakh share offering.
The subscription period for the IBL Finance IPO begins on January 9, 2024, and ends on January 11, 2024. On Friday, January 12, 2024, the allotment for the IBL Finance IPO is anticipated to be completed. The tentative listing date for the IBL Finance IPO is Tuesday, January 16, 2024, and will take place on the NSE SME.
The IPO price of IBL Finance is ₹51 per share. An application must have a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹102,000. HNI requires a minimum lot size investment of two lots, or 4,000 shares, for a total of ₹204,000.
The registrar of the IBL Finance IPO is Bigshare Services Pvt Ltd, and the book-running lead manager is Fedex Securities Pvt Ltd. In the case of the IBL Finance IPO, Market-Hub Stock Broking is the market maker.
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IBL Finance IPO Overview
IBL Finance Ltd. is a fintech-based financial services platform that was founded in 2017 and uses data science and technology to facilitate effective lending. The company wants to break free from the limitations of traditional lending by streamlining procedures and meeting each borrower’s specific needs. Its entirely digital process, primarily operated through a mobile app, ensures that small personal loans are disbursed quickly—often in as little as five minutes—without requiring a physical presence or a lot of paperwork.
IBL Finance has disbursed 165,000 personal loans totaling more than ₹720 million. The IBL Instant Personal Loan app has been downloaded over 5 lakh times, and in the most recent year, 3,81,156 logins were made. Over 28,000 users use the app on average each month. 81 full-time employees are employed by the company, which has eight branches in Gujarat and Maharashtra. IBL Finance creates thorough credit reports by utilizing more than 500 data points. Using alternative data points, this approach enables people living in semi-urban and rural areas without traditional documentation to obtain loans.
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IBL Finance IPO Strengths
1. The customer experience is improved when a mobile-first approach is prioritized.
2. To improve operations, the company makes use of cutting-edge technologies like data science and machine learning as well as astute risk management.
3. A dependable and knowledgeable management group oversees the business.
4. Better financial outcomes.
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IBL Finance IPO Weakness
1. The company primarily extends unsecured credit. Its operations and profitability may suffer if it has trouble getting clients to pay on time.
2. The company is facing increased competition; if its profit margins aren’t high enough to offset the losses, it may end up losing money.
3. Variations in interest rates may have a detrimental effect on the company’s financial stability. It might negatively impact their earnings and general financial health if they are unable to manage this risk.
4. The company’s financial health would suffer if there were any difficulties obtaining the large sum of money required to run its operations.
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IBL Finance IPO Details
| IPO Date | January 9, 2024 to January 11, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,550,000 shares (aggregating up to ₹33.41 Cr) |
| Fresh Issue | 6,550,000 shares (aggregating up to ₹33.41 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 18,180,650 |
| Market Maker portion | 330,000 shares |
| Share holding pre-issue | Shareholding pre-issue |
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IBL Finance IPO Timeline (Tentative Schedule)
January 9, 2024, is when the IBL Finance IPO opens, and it ends on January 11, 2024.
| IPO Open Date | Tuesday, January 9, 2024 |
| IPO Close Date | Thursday, January 11, 2024 |
| Basis of Allotment | Friday, January 12, 2024 |
| Initiation of Refunds | Monday, January 15, 2024 |
| Credit of Shares to Demat | Monday, January 15, 2024 |
| Listing Date | Tuesday, January 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 11, 2024 |
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IBL Finance IPO Lot Size
A minimum of 2000 shares, as well as multiples of those, are up for bid. The minimum and maximum share and amount of investments made by HNIs and retail investors are shown in the table below.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| HNI (Min) | 2 | 4000 | ₹204,000 |
IBL Finance IPO Reservation
6,220,000 shares are offered in the IBL Finance IPO. 3,110,000 (50.00%) to RII, and 2,780,000 (44.69%) to NII.
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 330,000 (5.31%) |
| Other Shares Offered | 2,780,000 (44.69%) |
| Retail Shares Offered | 3,110,000 (50.00%) |
| Total Shares Offered | 6,220,000 (100%) |
IBL Finance IPO Promoter Holding
Manish, Piyush, and Mansukhbhai Patel are the company’s promoters.
| Share Holding Pre Issue | Share Holding Pre-Issue |
| Share Holding Post Issue | 62.89% |
Financial Performance of IBL Finance IPO
IBL Finance’s negative free cash flow was Rs -8.3 million in FY2021; this figure rose to -56.7 million in FY22 and -89.9 million in FY23.
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 19.30 | 133.10 | -89.40 | -89.9 | 30.00% |
| FY22 | 4.30 | 32.70 | -56.40 | -56.7 | 21.40% |
| FY21 | -1.00 | 11.30 | -8.10 | -8.3 | -2.20% |
Key Performance Indicator
The market capitalization of IBL Finance IPO is Rs 126.13 Cr.
| KPI | Values |
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0 |
| RoNW | 9.41% |
IBL Finance IPO Objectives
The following goals are what the company plans to use the Net Proceeds from the Issue for:
1. Increasing the company’s Tier-I capital base for general corporate purposes
2. Meet future capital needs resulting from asset and business growth.
Final Words
Examining the impending IBL Finance IPO in more detail, this article will be available for subscription starting on January 9, 2024. It advises prospective investors to study the company’s details, financial statements, subscription status, and Grey Market Premium (GMP) in detail. In order to help investors make educated decisions, GMP provides important insights regarding the expected listing performance.
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FAQ’s
What is IBL Finance IPO?
The IBL Finance initial public offering (IPO) comprises 6,550,000 equity shares with a face value of ₹10, which adds up to ₹33.41 crores. The cost of each share of the issue is ₹51. 2000 shares is the minimum order quantity.
January 9, 2024 is when the IPO opens, and January 11, 2024 is when it closes.
The IPO registrar is Bigshare Services Pvt Ltd. It is suggested that the shares be listed on NSE SME.What is lot size of IBL Finance IPO?
The minimum amount needed is ₹102,000, and the IBL Finance IPO lot size is 2000 shares.
What is IBL Finance IPO listing date?
There is currently no word on when IBL Finance’s IPO will list. The IPO listing date of IBL Finance is tentatively scheduled for Tuesday, January 16, 2024.
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