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SME IPO Status: Listed [9th Jan 2024 to 11th Jan 2024]
IBL Finance IPO, a SME IPO of ₹33.41 Cr was launced on 09-01-2024 to 11-01-2024 and the shares got listed on NSE SME on 16-01-2024.
The public issue of IBL Finance IPO (IBLFL) was offered at ₹51.00 per share and the ipo was listed at ₹56. It has delivered listing gain of 9.80%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 10000 per lot return on listing.
| SME IPO Issue Opening Date: | 9th Jan 2024 |
| SME IPO Issue Closing Date: | 11th Jan 2024 |
| SME IPO Issue Price: | ₹51.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹33.41 Cr |
| Fresh Issue: | ₹33.41 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 85.55% |
| Promoter Holding Post IPO: | 62.89% |
| Allotment Status: | Allotment Status |
| NSE Code: | IBLFL |
Get important updates regarding IBL Finance SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Jan 2024 |
| Refunds Initiation* | 15th Jan 2024 |
| Credit of Shares to Demat* | 15th Jan 2024 |
| SME IPO Listing Date* | 16th Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹102000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-01-2024 | 51.00 | 4 | 6100 | ₹55 (7.84%) | 16-Jan-2024 9:30 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
IBL Finance Limited was founded in August 2017 and began lending to freelancers and small businesses in the financial year ending March 31, 2019. From the 2020 financial year, the company then switched to a fintech-based financial services platform. As a technology-driven fintech company, it uses technology and data science to make lending quick and easy. The company offers instant loans via its mobile app, which are processed almost 100% digitally. The company started its personal loan business to fulfil the needs of the underserved Indian population. Its digital personal loan offering is well suited to meet the needs of increasingly digitally connected Indians.
The company believes that its digital lending process is the key differentiator for business growth. The company believes that downloading the IBL: Instant Personal Loan App, completing the entire loan application and approval takes less than 5 minutes and the loan amount is disbursed to the bank account within 24 hours. Your personal loans are repaid in equal monthly instalments (“EMI”) over the entire tenure of the loan.
The company follows an innovative cohort-based approach where customers are segmented based on various factors such as yield, risk, ticket size and closing costs to identify low-risk, high-return cohorts. This approach is complemented by regular customer research and sophisticated data analysis to provide our customers with tailored products. The company believes that profiling and pricing each borrower is an important factor in profitable lending.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Non Banking Financial Company (NBFC) | ₹33.41 Cr | https://iblfinance.in/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,780,000 (47.2%) | 3,110,000 (52.8%) | 5,890,000 | |
| 1 | 9th Jan 2024 19:31 | 1.67x | 7.30x | 4.64x |
| 2 | 10th Jan 2024 19:31 | 3.37x | 13.97x | 8.97x |
| 3 | 11th Jan 2024 19:31 | 11.13x | 24.03x | 17.95x |
IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,317.60 | 2,218.11 | 1,022.85 | 339.10 |
| Revenue | 492.58 | 1,333.13 | 327.08 | 112.59 |
| Profit After Tax | 120.60 | 192.83 | 42.73 | -9.88 |
| Net Worth | 2,169.34 | 2,048.74 | 355.47 | 312.73 |
| Reserves and Surplus | 351.27 | 1,139.71 | 29.47 | -13.27 |
| Total Borrowing | 7.51 | 9.12 | 640.58 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| IBL Finance Limited | 1.15 | 1.15 | 12.2 | 44.34 | 9.41 | |
| MAS Financial Services Limited | 37.18 | 37.18 | 277.83 | 23.43 | 13.55 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 23.64 | 25.65 | Consolidated |
| Apollo Finvest (India) Limited | 27.01 | 27.01 | 112.26 | 29.58 | 24.06 | Standalone |
| CSL Finance Limited | 22.02 | 21.4 | 174.85 | 21.12 | 12.59 | Consolidated |
| Ugro Capital Limited | 5.69 | 5.66 | 106.46 | 48.16 | 4.04 |
Last Updated on 20-Jan-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase IBL Finance SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply IBL Finance SME IPO with Zerodha.
Alternate approch to apply in IBL Finance SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
IBL Finance SME IPO Review and Important Updates
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To subscribe or apply in IBL Finance SME IPO, you can use the following methods:
| IBL Finance SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in IBL Finance SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in IBL Finance SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in IBL Finance SME IPO. Most of the Syndicate Banks provide access to apply in IBL Finance IPO via ASBA process. You must have your net banking access, DP ID information to apply in IBL Finance SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in IBL Finance SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
IBL Finance SME IPO Review and Important Updates
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IBL Finance SME IPO is going to be list on 16-01-2024. NSE Code for IBL Finance is IBLFL.
Other relevant questions:
When IBL Finance SME IPO will be listing? IBL Finance SME IPO NSE listing date?IBL Finance SME IPO date of listing
IBL Finance SME IPO Allotment Date is 12-01-2024.
Other relevant questions:
IBL Finance SME IPO share allotment date?IBL Finance SME IPO allotment date?
