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Open
9 Jan 2024
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Close
11 Jan 2024
3
Allotment
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Listing
Tue, Jan 16, 2024
Price Band
₹51 per share
Issue Size
65,50,000 shares (agg. up to ₹33 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Jan 16, 2024
Latest GMP
₹4
Est. Gain
7.84%
✦ AI Insight
GMP Trend
16-01-2024₹4Est. ₹55+7.84%
15-01-2024₹4Est. ₹55+7.84%
14-01-2024₹3Est. ₹54+5.88%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 16.67x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Fedbank Financial Services Ltd. | Mainboard | ₹1,092.26 Cr | ₹140 | 25.04 | ₹140.25 | +0.18% | ₹158.60 (-1.86%) |
| SBFC Finance Ltd. | Mainboard | ₹1,025.00 Cr | ₹57 | 40.42 | ₹92.20 | +61.75% | ₹94.09 (+0.59%) |
Objects of the Issue
| # | 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 |
About IBL Finance IPO
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.+ Read More
Contact Details
IBL Finance Ltd. AddressShop-151, Silver Stone Arcade, Near.Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50Singanpore, Causeway Road, KatargamSurat, Gujarat, 3950049828116900compliance@iblfinance.inVisit Website