IBL Finance
IBL Finance Info
Details about the IBL Finance IPO. Opening Date of IBL Finance is 09 Jan 24 and Closing Date is 11 Jan 24 . Face Value of Each share of IBL Finance is ₹10 per share. Fixed price of IBL Finance is ₹51. The Lot size of IBL Finance is 2,000 shares. Total issue size of IBL Finance IPO is ₹31.41 cr. Fresh Issue of IBL Finance IPO is 33.41 cr. This is a Fixed Price Issue IPO. Expected to list on NSE SME. Share Holding Pre Issue of IBL Finance is 18,180,650. Share Holding Post Issue of IBL Finance is 24,730,650.
Business Summary
IBL Finance Private Limited, which was established in 2017 and changed to a public limited company in 2023
IBL Finance the core business is money lending to self-employed professional and small business entrepreneurs mainly during the financial year 2019. Subsequently, from the Fiscal 2020 they migrated to fintech based financial services platform. As a technology driven fintech company they leverage technology and data-science to make lending quick and easy
Company has launched mobile App based personal loans business under the “IBL: Instant Personal Loan” brand. Since the launch and up to March 31, 2023, Comapny have disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. As of March 31, 2023, their personal loan business had an AUM of ₹ 1461.18 lakhs and they have disbursed 1,22,078 personal loans amounting to ₹ 5234.70 lakhs, with an average ticket size of approx. ₹4500. The average tenor of loans which is outstanding at the end of Fiscal 2023 is 5 months.
IBL Finance IPO Details
| Open Date | 09 Jan 24 |
|---|---|
| Close Date | 11 Jan 24 |
| Face Value | ₹10 per shares |
| Price | ₹51 |
| Lot Size | 2,000 Shares |
| Total issue Size | 6,550,000 Shares ₹31.41 cr |
| Fresh Issue | [.] Shares ₹33.41 cr |
| Issue Type | Fixed Price Issue |
| Listing At | NSE SME |
| Share Holding Pre Issue | 18,180,650 |
| Share Holding Post Issue | 24,730,650 |
| Market Maker | MARKET-HUB STOCK BROKING |
| Market Maker Portion | 330,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
IBL Finance IPO Timeline
The IBL Finance Initial Public Offering (IPO) is set to open on 09 Jan 24 and will end its subscription phase on 11 Jan 24. You can check your allotment status for IBL Finance on 12 Jan 24. The refund process for your funds will start promptly on 15 Jan 24. IBL Finance IPO credit of shares will be on 15 Jan 24. The listing date for IBL Finance is on 16 Jan 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
IBL Finance IPO Reservation
The IBL Finance IPO reserves shares for different investor categories. Approximately 50% of the Net Issue will be available for Retail, 50% of the Net Issue will be available for NII,
330,000 Shares will be reserved for subscription by MARKET-HUB STOCK BROKING
| Investor Category | Shares Offered |
|---|---|
| Retail | 50% of the Net Issue |
| NII | 50% of the Net Issue |
IBL Finance IPO Lot Size
Bids can be made for minimum of 2000 shares and in multiple of 2000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 2,000 | 102,000 |
| HNI (Min) | 2 | 4,000 | 204,000 |
IBL Finance IPO Promoters Holding
Promoters holding details for IBL Finance in the current issue is as follows: The share holding of promoters before the issue stands at 85.55%, and after the issue, it has been adjusted to 62.89%.
Promoters of IBL Finance are Manish Patel, Piyush Patel, Mansukhbhai Patel,
| Share Holding Pre Issue | 85.55% |
|---|---|
| Share Holding Post Issue | 62.89% |
IBL Finance Financial Information
Financial performance details for IBL Finance over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Jul 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 2,317.6 | 2,218.11 | 1,022.85 | 339.1 |
| Revenue | 492.58 | 1,333.13 | 327.08 | 112.59 |
| Profit After Tax | 120.6 | 192.83 | 42.73 | -9.88 |
IBL Finance IPO Key Performance Indicator
Key Performance Indicators (KPIs) for IBL Finance are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 48.08 |
| Market Cap (Cr.) | 126.1 |
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0 |
| EPS | 1.06 |
| RoNW | 9.41% |
Object of the Issue
- • Augmenting the Company’s Tier – I capital base to meet our Company’s future capital Requirements, arising out of the growth of our business and asset
- • General corporate purposes
Risk Factors to Consider
- • Directors and Promoter of the company are subject to certain legal proceedings and any adverse decision in such proceedings may affect our business, financial condition and results of operations.
- • High levels of customer defaults or delays in repayment of loans could adversely affect the business, financial condition and results of operations.
- • Company have had negative net cash flows from our operating, investing and financing activities in the recent financial years.
Contact Details for IBL Finance
Phone
Office
Shop-151, Silver Stone Arcade,Near. Kantheriya Hanuman Temple,OP-34/A+B+C+D, FP-50,Singanpore, Causeway Road,Katargam, Surat - 395004, Gujarat,India
Registrar Details for IBL Finance
Bigshare Services Private Limited
Phone
Office
Office No. S6 - 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,Mahakali Cave Road, Andheri - [East], Mumbai - 400093, Maharashtra, India
Lead Manager
- • Fedex Securities Pvt Ltd