Bookbuilding IPO | ₹52 Cr | Listed at BSE, NSE | Mon, Sep 6, 2004 - Fri, Sep 10, 2004
INDIABULLS FINANCIAL SERVICES IPO is a book build issue of ₹51.66 crores. The issue is entirely a fresh issue of 2.72 crore shares of ₹51.66 crore.
INDIABULLS FINANCIAL SERVICES IPO bidding started from Sep 6, 2004 and ended on Sep 10, 2004.
INDIABULLS FINANCIAL SERVICES IPO is set final issue price at ₹19 per share.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Sep 6, 2004
IPO Close
Fri, Sep 10, 2004
Issue Price
₹19 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 6 to 10 Sep, 2004 |
| Listed on | Fri, Sep 24, 2004 |
| Face Value | ₹2 per share |
| Price Band | ₹16 to ₹19 |
| Issue Price | ₹19 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,71,87,519 shares (agg. up to ₹52 Cr) |
| Fresh Issue | 2,71,87,519 shares (agg. up to ₹52 Cr) |
| Share Holding Pre Issue | 8,15,62,555 shares |
| Share Holding Post Issue | 10,87,50,074 shares |
| BSE Script Code / NSE Symbol | 532544 / INDIABULLS |
| ISIN | INE894F01025 |
INDIABULLS FINANCIAL SERVICES IPO comprises a total issue size of 2,71,87,519 shares. Out of which, 1,35,93,759 (50.00%) are allocated to QIB, 67,96,880 (25.00%) allocated to NII 67,96,880 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 1,35,93,759 | 50.00% |
| NII (HNI) Shares Offered | 67,96,880 | 25.00% |
| Retail Shares Offered | 67,96,880 | 25.00% |
| Total Shares Offered | 2,71,87,519 | 100.00% |
The company, along with its subsidiaries, operated across various financial services businesses including home loans, SME loans, vehicle financing, loans against property, advisory services, and investment activities.
It served customers through branch networks, digital platforms, and online financial solutions. Indiabulls also became known for its strong presence in housing finance through its subsidiary businesses and technology-driven lending operations.
Over time, the Indiabulls Group underwent several restructurings and demergers. Businesses such as real estate, securities, and housing finance were separated into independent entities. In recent years, the group has focused on real estate development, digital finance, and lending solutions under various brands. The company has also gone through rebranding and consolidation initiatives to strengthen its position in the Indian financial services market.
Competitve Strengths:
| Period Ended | 30 Jun 2004 | 31 Mar 2004 | 30 Jun 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Assets | 225.79 | 224.59 | 82.49 | 48.14 | 40.42 |
| Total Income | 23.13 | 71.95 | 9.06 | 26.67 | 13.26 |
| Profit After Tax | 5.54 | 19.35 | 2.29 | 5.10 | 4.06 |
| EBITDA | 10.79 | 36.54 | 5.35 | 12.74 | 5.99 |
| NET Worth | 106.36 | 102.32 | 32.62 | 30.28 | 25.16 |
| Reserves and Surplus | 32.46 | 28.45 | 12.19 | 9.85 | 4.72 |
| Total Borrowing | 118.82 | 121.70 | 49.47 | 17.76 | 15.26 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Promote New Business Activities | 400.00 |
| 2 | Upgrade Fixed Infrastructure and Open New Branches | 350.00 |
| 3 | Investments and Acquisitions | 570.00 |
| Total | 1,320.00 |
| KPI | Mar 31, 2004 |
|---|---|
| RoNW | 18.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 75% |
The INDIABULLS FINANCIAL SERVICES IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 18.04 | 2,71,87,519 | 49,04,69,845 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commissions | |
| 2 | Advertising Budget | |
| 3 | Printing & Stationery | |
| 4 | Others (registrars fees, legal fee, listing fee etc.) | |
| Total | 0.00 |
| Price Details |
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| Final Issue Price |
| Open |
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Lead Manager Reports
INDIABULLS FINANCIAL SERVICES IPO is a main-board IPO of 2,71,87,519 equity shares of the face value of ₹2 aggregating up to ₹52 Crores. The issue is priced at ₹19 per share. The minimum order quantity is .
The IPO opens on Mon, Sep 6, 2004, and closes on Fri, Sep 10, 2004.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in INDIABULLS FINANCIAL SERVICES IPO using UPI as a payment gateway. Zerodha customers can apply in INDIABULLS FINANCIAL SERVICES IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in INDIABULLS FINANCIAL SERVICES IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The INDIABULLS FINANCIAL SERVICES IPO opens on Mon, Sep 6, 2004 and closes on Fri, Sep 10, 2004.
INDIABULLS FINANCIAL SERVICES IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in INDIABULLS FINANCIAL SERVICES 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 INDIABULLS FINANCIAL SERVICES IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the INDIABULLS FINANCIAL SERVICES IPO allotment status.
The INDIABULLS FINANCIAL SERVICES IPO listing date is on .
