IBL Finance Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

09 Jan 2024

Close Date

11 Jan 2024

Allotment

12 Jan 2025

Listing Date

16 Jan 2024

Exchange

NSE SME

Price Band

₹51

Listing Price

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Allotment Status

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Price Band

₹51

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

65,50,000 shares (aggregating up to ₹33.41 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹102,000

1 lot

Post-IPO Holding

2,47,30,650 shares

Promoters

P/E (Pre)

48.08x

P/E (Post)

34.86x

EPS (Pre)

₹1.06

EPS (Post)

₹1.46

UPI Deadline

2024-01-11

Mandate

Anchor AllotmentMon, 08 Jan 2024

Basis of AllotmentSun, 12 Jan 2025

Refund InitiationWed, 15 Jan 2025

Demat CreditMon, 15 Jan 2024

Listing DayTue, 16 Jan 2024

UPI Mandate Deadline2024-01-11

Sale TypeFresh Capital

Net Offer to Public62,20,000 shares (aggregating up to ₹31.72 Cr)

Market Maker Quota3,30,000 shares (aggregating up to ₹1.68 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

IBL Finance Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 Jan 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	330,000	—	₹1.68
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,550,000	100%	₹33.41

IPO Shares Offered

IBL Finance Ltd IPO total issue size: ₹33.41 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	330,000	₹1.68	5.04%
Total	6,550,000	₹33.41	100.00%

* Based on upper price band ₹51 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹51.00

Upper Band

Min Investment

₹102,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹204,000
Retail (Max — 13 Lots)	13	26,000	₹1,326,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,428,000
B-HNI (Min — 68 Lots)	68	136,000	₹6,936,000

* Issue Price ₹51 × Lot Size 2,000 shares

IPO Schedule

Anchor

08 Jan 2024

✓ Done

IPO Open

09 Jan 2024

✓ Done

IPO Close

11 Jan 2024

✓ Done

Allotment

12 Jan 2025

✓ Done

Refunds

15 Jan 2025

✓ Done

Demat Credit

15 Jan 2024

✓ Done

Listing Day

16 Jan 2024

✓ Done

₹51.00

INR · NSE

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Issue ₹51.00 Live Price

About IBL Finance Ltd

Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.As of March 31, 2023 the company has disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app had 381,156 logins. On average, 27,969 users were active on the app every month.As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.The company's advanced underwriting algorithms use data from many sources to generate a credit report with over 500 data points. Keeping the language simple and concise to ensure the customers can easily understand the information the company provides.As of June 30, 2023, the company employs 81 full time employees.

Objects of the Issue

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.

IBL Finance Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹327.1

31 Mar 2022

₹1,333.1

31 Mar 2023

₹492.6

31 Jul 2023

Profit After Tax (PAT)

₹42.7

31 Mar 2022

₹192.8

31 Mar 2023

₹120.6

31 Jul 2023

Particulars	31 Jul 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	492.58	1333.13	327.08
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	120.60	192.83	42.73
Net Worth	2169.34	2048.74	355.47
Total Assets	2317.60	2218.11	1022.85
Reserves & Surplus	351.27	1139.71	29.47
Borrowings	7.51	9.12	640.58
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

4.18

RoE

9.41%

RoCE

18.88%

RoNW

9.41%

Debt/Equity

0.00

Issue Structure & Shareholding

Total Shares Offered65,50,000 (100.00%)

Net Offer to Public62,20,000 shares (aggregating up to ₹31.72 Cr)

Reserved for Market Maker3,30,000 shares (aggregating up to ₹1.68 Cr)

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding2,47,30,650 shares

P/BV Ratio4.18

RoE9.41%

RoCE18.88%

Debt / Equity0.00

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Fedex Securities Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much IBL Finance Ltd IPO subscribed? ▲

IBL Finance Ltd IPO is subscribed 1.00 times by Jan 11, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is IBL Finance Ltd IPO retail subscription status? ▼

The IBL Finance Ltd IPO retail category is subscribed 1.00 times as of 11 Jan 2024. The retail portion is oversubscribed.

How to subscribe IBL Finance Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 09 Jan 2024 and closes 11 Jan 2024. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2024-01-11.

How many times IBL Finance Ltd IPO subscribed? ▼

The IBL Finance Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check IBL Finance Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Jan 2025. Refunds: on 15 Jan 2025.

When IBL Finance Ltd IPO will be listed? ▼

The IBL Finance Ltd IPO listing date is 16 Jan 2024, Tuesday. Listed on: NSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When IBL Finance Ltd IPO close? ▼

The IBL Finance Ltd IPO closes on 11 Jan 2024, Thursday. UPI mandate: 2024-01-11. Allotment: 12 Jan 2025. Listing: 16 Jan 2024.

Quick Actions

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Live Price LIVE

Last Price₹51.00

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Issue Price₹51.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹51

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹102,000

GMPNIL

Est. Listing₹51

Subscribed1.00x

Open Date09 Jan 2024

Close Date11 Jan 2024

Allotment12 Jan 2025

Listing Date16 Jan 2024

ExchangeNSE SME

UPI Deadline2024-01-11