Fixed Price IPO | ₹33 Cr | Listed at NSE SME | Tue, Jan 9, 2024 - Thu, Jan 11, 2024
IBL Finance IPO is a fixed price issue of ₹33.41 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹33.41 crore.
IBL Finance IPO bidding started from Jan 9, 2024 and ended on Jan 11, 2024. The allotment for IBL Finance IPO was finalized on Jan 12, 2024. The shares got listed on NSE SME on Jan 16, 2024.
IBL Finance IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Market-Hub Stock Broking Pvt.Ltd..
Refer to IBL Finance IPO RHP for detailed Information.
IPO Open
Tue, Jan 9, 2024
IPO Close
Thu, Jan 11, 2024
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹126.13 Cr
| IPO Date | 9 to 11 Jan, 2024 |
| Listed on | Tue, Jan 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,50,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 3,30,000 shares Market-Hub Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 62,20,000 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 62,20,000 shares (agg. up to ₹32 Cr) |
| Share Holding Post Issue | 2,47,30,650 shares |
| NSE Symbol | IBLFL |
| ISIN | INE0O7401018 |
IBL Finance IPO comprises a total issue size of 65,50,000 shares. The net offer to the public is 62,20,000 shares, after excluding 3,30,000 shares allotted on a firm basis. Of the Net offer 31,10,000 (50.00%) allocated to NII 31,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,10,000 | 50.00% | 47.48% |
| Retail Shares Offered | 31,10,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,30,000 | 5.04% | |
| Total Shares Offered | 65,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
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.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 23.18 | 22.18 | 10.23 | 3.39 |
| Total Income | 4.93 | 13.33 | 3.27 | 1.13 |
| Profit After Tax | 1.21 | 1.93 | 0.43 | -0.10 |
| NET Worth | 21.69 | 20.49 | 3.55 | 3.13 |
| Reserves and Surplus | 3.51 | 11.40 | 0.29 | -0.13 |
| Total Borrowing | 0.08 | 0.09 | 6.41 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our Company’s Tier – I capital base to meet the Company’s future capital requirements, arising out of the growth of the business and asset | 23.97 |
| 2 | General corporate purposes | 7.68 |
| KPI | |
|---|---|
| ROE | 9.41% |
| ROCE | 18.88% |
| Debt/Equity | 0.00 |
| RoNW | 9.41% |
| PAT Margin | 14.49% |
| Price to Book Value | 4.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.06 | 1.46 |
| P/E (x) | 48.08 | 34.86 |
| Promoter Holding | 85.55% | 62.89% |
| Market Cap | ₹126.13 Cr. |
The IBL Finance IPO is subscribed 17 times on January 11, 2024 7:29:00 PM (Day 3). The public issue subscribed 24.03 times in the retail category, [.] times in the QIB category, and 9.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 9.94 | 31,10,000 | 3,09,40,000 |
| Retail | 24.03 | 31,10,000 | 7,47,26,000 |
| Total | 17 | 62,20,000 | 10,57,52,000 |
Total Application : 37,364
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 0.48 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.05 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and Other Advisory Services | 0.04 |
| 5 | Advertising Expenses | 0.12 |
| 6 | Regulators including Stock Exchange | 0.09 |
| 7 | Printing and Distribution of issue stationery | 0.01 |
| 8 | Others, if any (Market making, marketing expenses, advisors & consultants fees, upload fees etc.) | 0.95 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹56.00 |
| Low | ₹56.00 |
| High | ₹58.80 |
| Last Trade | ₹58.80 |
Lead Manager Reports
IBL Finance IPO is a SME IPO of 65,50,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Jan 9, 2024, and closes on Thu, Jan 11, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in IBL Finance IPO using UPI as a payment gateway. Zerodha customers can apply in IBL Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IBL Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IBL Finance IPO opens on Tue, Jan 9, 2024 and closes on Thu, Jan 11, 2024.
IBL Finance IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in IBL Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IBL Finance IPO will be done on Friday, January 12, 2024, and the allotted shares will be credited to your demat account by Mon, Jan 15, 2024. Check the IBL Finance IPO allotment status.
The IBL Finance IPO listing date is on Tue, Jan 16, 2024.
