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IBL Finance Limited IPO Date, Price, Review and Details

 

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IBL Finance Limited IPO

January 09, 2024 - January 11, 2024 Closed
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IBL Finance Limited IPO

IBL Finance Limited IPO was engaged in shifted to a fintech-focused financial services platform. As a tech-driven fintech firm, they use technology and data science to streamline and speed up the lending process. Their mobile app offers instant personal loans with a nearly fully digital approach. They introduced their personal loans service to cater to the needs of the underserved Indian population. Their digital personal loan product is tailored to meet the requirements of the expanding digitally connected community in India. They offer a wide variety of loan amounts and durations to meet various needs, including: (a) covering planned personal costs like home improvements, travel, major purchases, and weddings, (b) handling unexpected medical expenses, and (c) addressing short-term business requirements.

Company Promoters:

• Manish Patel
• Piyush Patel
• Mansukhbhai Patel
• Manishbhai M Patel Huf 
• Mansukhbhai K Patel Huf

Objects of this Issue:

• Augmenting their Company’s Tier – I capital base to meet their Company’s future capital requirements, arising out of the growth of their business and asset.
• General corporate purposes.

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 30 March 2022

As on 31 Mar 2021

Total Assets

2218.11

1022.85

339.10

Total Liabilities

169.36

667.38

26.36

Net Profit

192.83

42.73

(9.88)

IBL Finance Limited IPO Schedule

1.     Bid or Offer Opens on: 09 January 2024
2.     Bid or Offer Closes on: 11 January 2023
3.     Finalization of BoA: 12 January 2024
4.     Initiation of Refunds: 15 January 2024
5.     Credit of shares to Demat account: 15 January 2024
6.     Listing Date: 16 January 2024

IBL Finance Limited IPO Lot Size

The market lot size of IBL Finance Limited IPO is 1600 shares. The minimum and maximum order quantity is as follows:

Application

Lots

Shares

Amount

Minimum

1

  2000

₹102,000

Maximum

1

  2000

₹102,000

S-HNI(Minimum)

2

  4,000

₹204,000


Company Contact Details:

Shop-151, Silver Stone Arcade, near. Kantheriya Hanuman Temple, OP-34/A+B+C+D, FP-50, Singanpore, Causeway Road, Katargam, Surat - 395004, Gujarat, India

Phone:  9328116900

Email:  compliance@iblfinance.in

Website:  https://iblfinance.in/

 

IBL Finance Limited IPO Registrar Details:

BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6 - 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,

Mahakali Cave Road, Andheri - [East], Mumbai - 400093, Maharashtra, India.

Telephone: +91 22 6263 8200

Email:  ipo@bigshareonline.com

Website:  www.bigshareonline.com



Frequently Asked Question

Closing date of IBL Finance Limited IPO is January 11, 2024.
Going public provides companies with access to a larger pool of capital, allowing them to raise funds for expansion, research, and other business activities. It also offers liquidity to existing shareholders.
IBL Finance Limited IPO share price ₹51 per share.
You will receive on IBL Finance Limited IPO shares in your Demat account on January 12, 2023, if allotted.
Pre-issue shareholding of the IBL Finance Limited IPO promoter is 85.55%.
IBL Finance Limited IPO Shares will be listed at NSE SME.
Post-issue shareholding of the IBL Finance Limited IPO promoter is 62.89%.
The lock-up period is a predetermined timeframe after an IPO during which company insiders, such as executives and employees, are restricted from selling their shares. This helps prevent a sudden influx of shares into the market, which could negatively impact the stock price.
Opening date of IBL Finance Limited IPO is January 09, 2024.
IBL Finance Limited IPO shares will get listed on January 16, 2024.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Minimum and maximum order quantity is 1 lot only.
The IPO price is typically determined through a process led by the underwriters. They consider the company's financials, market conditions, and investor demand to establish an offering price that balances the interests of the company and investors.
Lot size of the IBL Finance Limited IPO is 2000 shares.
The meaning of "IBL Finance Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of IBL Finance Limited IPO on the current day.
The face value of IBL Finance Limited IPO is ₹10 per share.
If you do not get the allotment of on ibl finance limited products, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
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