January 9, 2024
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IBL Finance IPO GMP, Details to Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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IBL Finance IPO Post Listing Review :
Will update on listing
IBL Finance IPO Subscription
On 10 January 2024 5.00 pm (Day 2)
Review: Good response from RIIs even on D2
NII: 3362500 Shares 3.35 T
RII: 3362500 Shares 13.88 T
Total: 6725000 Shares 8.92 T
What is the business of IBL Finance?
IBL Finance commenced its lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from the Fiscal 2020 it migrated to fintech based financial services platform. As a technology driven fintech company it leveraged technology and data-science to make lending quick and easy. The Company through its a mobile App provides instant personal loans which is almost 100% digital process. It launched its personal loans business to fulfil the needs of the underserved Indian population. Its digital personal loan offering is well-suited to address the needs of the growing digitally connected Indians.
It launched its mobile App based personal loans business under the “IBL: Instant Personal Loan” brand. As of March 31, 2023, its personal loan business had an AUM of Rs 1461.18 lakhs and it disbursed 1,22,078 personal loans amounting to Rs 5234.70 lakhs, with an average ticket size of approx. Rs.4500. The average tenor of loans which is outstanding at the end of Fiscal 2023 is 5 months.
Get more information about the company @ https://iblfinance.in/
| IBL Finance IPO Details | |
| IPO opens on | 09 January 2024 |
| IPO closes on | 11 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6725000 Sh /Rs 34.30 Cr |
| * Fresh Issue | 6725000 Sh /Rs 34.30 Cr |
| * Offer for Sale | – Sh / Rs. – Cr |
| Market Maker Portion | ? Sh. |
| Net offer to Public | ? Sh./Rs.? Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 51 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in IBL Finance IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 3362500 | 17.15 |
| RII (50%) | 3362500 | 17.15 |
| Total Shares | 6725000 | 34.30 |
| Retail portion will be oversubscribed by | 1681 | |
| Forms | ||
| How much Shares to Apply in IBL Finance IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 102000 |
| Min HNI Application | 4000 Sh | Rs.2040000 |
Who are the Promoters of IBL Finance IPO?
The Promoters of the company are Manish Patel, Piyush Patel and Mansukhbhai Patel.
What are the Objects of IBL Finance IPO?
The Offer comprises of a Fresh Issue Shares
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
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 IPO Tentative timetable | |
| IPO opens on | 09 January 2024 |
| IPO Closes on | 11 January 2024 |
| IPO Allotment on | 12 January 2024 |
| Refund Initiation | 15 January 2024 |
| Credit of Shares | 15 January 2024 |
| Listing on | 16 January 2024 |
| Registered Office of the Company IBL Finance Limited Shop-151, Silver Stone Arcade, Near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat- 395004 |
| Who is the Lead Manager of IBL Finance IPO? Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| IBL Finance IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 1.13 | -0.10 | -0.30 | -3.16 |
| 2021-22 | 3.27 | 0.43 | 1.31 | 12.02 |
| 2022-23 | 13.33 | 1.93 | 5.77 | 9.41 |
| Book Value of the Share on | 31.03.2023 | Rs 12.20 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 51 | |||
| IBL Finance IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 8.84 |
| Price/BV Ratio | 4.18 |
| Upper price/BV after IPO | |
How IBL Finance IPO compares with the Peers?
| As on date of DRHP | FV Rs. | Total Income | PE Ratio of |
| IBL Finance | 10 | 13.30 | 8.84 |
| MAS financial | 10 | 990.26 22.68 | |
| Aarman Finlease | 10 | 423.90 | 20.93 |
| Apollo Finvest | 10 | 46.15 | 19.56 |
| CSL Finance | 10 | 117.53 | 15.38 |
| Urgo Capital | 10 | 482.91 | 53.43 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
IBL Finance IPO To the point Guidance
IBL Finance IPO..
Size: Being a SME IPO, the size of the IPO (Rs 15.93 Cr) is not very large, as per the recent trend. With just 483 applications, retail portion will get one time subscribed. Considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has reasonably good topline during last 3 years, however it has earned meagre profits during FY21 & FY 22. Extra-ordinary performance for FY23 (from Rs. 1.97Cr in 2021-22 to Rs. 5.51 Cr in 2022-23) ahead of IPO raises eyebrows and concern over sustainability. If the company can sustain the performance of FY 23 in future, then the price is very reasonable. So, have a look at the Premium market and then decide.
Quicklinks
IBL Finance IPO GMP Detail IPO GMP today details?
IBL Finance IPO
IBL Finance IPO FAQs
What is IBL Finance IPO?
IBL Finance IPO is a SME IPO of 2950,000 equity shares of the face value of Rs. 10 aggregating up to Rs.15.93 Crores. The issue is priced at Rs.51-54 per share. The minimum order quantity is 2000 Shares.
When IBL Finance IPO will open?
IBL Finance IPO opens on December 28, 2023, and closes on January 2, 2024.
What is the lot size of IBL Finance IPO?
IBL Finance IPO lot size is 2000 Shares, and the minimum amount required is Rs.108,000.
How to apply for IBL Finance IPO?
You can apply in IBL Finance IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is IBL Finance IPO allotment?
The finalization of Basis of Allotment for IBL Finance IPO will be done on January 3, 2024, and the allotted shares will be credited to your demat account by January 4, 2024.
When is Kay Cee Energy IPO listing date?
The IBL Finance IPO listing date is not yet announced. The tentative date of IBL Finance IPO listing is January 5, 2024.
