Here is a full brief of IBL Finance LTD SME IPO Details. Keep visiting daily for important dates. You can bid for this IPO between 9th Jan 2024 to 11th Jan 2024. You can apply through a minimum amount of ₹102000, 2000 shares (1 Lot) and the price is ₹51.
Table of Contents
ABOUT COMPANY:
IBL Finance Ltd. was founded in August 2017. It started lending to freelancers and small businesses in FY 2018-19. From FY 2020, the company switched to a fintech-based platform, offering instant loans via a mobile app processed almost entirely digitally. IBL Finance also provides digital personal loans for the underserved Indian population.
The company’s digital lending process is its key differentiator. Downloading the IBL app, completing the application and approval takes <5 mins. The loan amount is disbursed to the bank account within 24 hours. Repayments are made in equal monthly instalments over the loan tenure.
The company segments customers into low-risk, high-return cohorts based on factors like yield, risk, ticket size, and closing costs. This is complemented with regular research and data analysis to offer customized products. Profiling and pricing each borrower are important factors in profitable lending.
THE ISSUE
The company is offering 67,25,000 fresh equity shares.
IPO Issue Size – ₹33.41 Cr
Minimum Investment – ₹102000
IBL FINANCE LTD SME IPO IMPORTANT DATES
| Opening Date | 9th Jan 2024 |
| Closing Date | 11th Jan 2024 |
| Allocation Date | 12th Jan 2024 |
| Refund Initiation Date | 15th Jan 2024 |
| Demat Transfer Date | 15th Jan 2024 |
| IPO Listing Date | 16th Jan 2024 |
| Issue Price | ₹51 Per Share |
| Lot Size | 2000 shares |
| Face Value | ₹10 Per Share |
Must Read: JYOTI CNC AUTOMATION LTD IPO DETAILS
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- Funding of working capital requirements of the Company;
- General Corporate Purposes.
IBL FINANCE LTD SME IPO FINANCIAL INFO
| Period | 31 July 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Total Assets | 23.17 | 22.18 | 10.22 | 3.39 |
| Revenue | 4.92 | 13.33 | 3.27 | 1.12 |
| Profit After Tax | 1.20 | 1.92 | 0.42 | -0.09 |
| Total Borrowing | 0.07 | 0.09 | 6.40 | – |
The company is financially good and has low debt on the balance sheet. The assets are growing and Profit and Revenue are also growing year on year. So we recommended this IPO for future also.
We/I are not SEBI Registered, we advise accordingly our research please bid for IPO at your own risk.
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