IBL Finance IPO Date, Price, GMP, Review and Best 3 IPOs to Invest

Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The IBL Finance IPO is going to open soon. So I will give you complete information about IBL Finance IPO here on IPO India.

On this article I will inform you about IBL Finance IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.

About IBL Finance Limited

Established in August 2017, IBL Finance Limited operates as a fintech-based financial services platform leveraging technology and data science to streamline and expedite the lending process. Operating as a mobile app, IBL Finance facilitates instant personal loans, often approved in less than 3 minutes, providing a seamless digital experience for users.

As of March 31, 2023, the company had successfully disbursed a total of 163,282 personal loans worth a total of ₹7,105.44 lakh. The IBL Instant Personal Loan application recorded 381,156 logins in 2023, maintaining an average monthly active user base of 27,969.

By August 2023, IBL Finance has expanded its presence with seven branches strategically located across major cities of Gujarat and Maharashtra.

The company’s sophisticated underwriting algorithms use data from a variety of sources, creating a comprehensive credit report that includes more than 500 data points. The company prioritizes simplicity and brevity in its communications, ensuring customers can easily understand the information provided.

IBL Finance IPO GMP

About IBL Finance IPO

Here is some information about IBL Finance IPO which will help you in making a decision to invest in IBL Finance IPO. It appears to be a book-built offer with a total value of Rs ₹34.30 crore, including entirely a fresh issue of 67.25 lakh shares.

Summary of the key details

• Issue Size: Rs 34.30 crores
• Offer for Sale: 67.25 Lakh shares
• Subscription Period: January 9, 2024 to January 11, 2024
• Allotment Date: January 12, 2024
• Listing Date: January 16, 2024

Price Range of IBL Finance IPO

• ₹51 per share

Lot Size of IBL Finance IPO

• Minimum Lot: 2000 Shares.
• Minimum Investment for Retail Investors: ₹102,000

Minimum Lot Size Investments for IBL Finance IPO

• HNI: 2 lots (4000 shares), amounting to ₹204,000.

This information provides potential investors with the details they need to participate in the IBL Finance IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.

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IBL Finance IPO

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Valuations of IBL Finance IPO

IBL Finance Limited Financial Information

Promoter(s)

Company Promotor(s):-

1. Manish Patel
2. Piyush Patel
3. Mansukhbhai Patel

If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.

Key Performance Indicator

Issue Objective(s)

• 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
• General Corporate Purposes

IBL Finance IPO Registrar

IBL Finance IPO Review

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Conclusion

In conclusion, the IBL Finance Limited IPO presents an attractive investment opportunity in the financial services sector, particularly in the thriving fintech space. Founded in 2017, the company has seen significant growth by leveraging technology and data science to streamline the lending process, providing instant personal loans to users through a user-friendly mobile app. Rs. The IPO with an issue size of Rs 34.30 crore includes a fresh issue of 67.25 lakh shares, making it an attractive proposition for potential investors.

IBL Finance’s expansion into key cities in Gujarat and Maharashtra, with emphasis on its impressive underwriting algorithms and ease of communication, reflects a strategic approach to capture market share. The IPO details, such as subscription period from January 9 to January 11, 2024, allotment on January 12, 2024 and listing on January 16, 2024, provide a clear timeline for interested investors. However, it is critical to note that investing in IPOs carries inherent risks, and individuals should conduct thorough research or consult financial professionals before making investment decisions.

Financial indicators including a strong Return on Equity (ROE) of 9.41% highlight the good financial performance of the company. The promoters, including Manish Patel, Piyush Patel and Mansukhbhai Patel, have a pre-issue shareholding of 85.55%, instilling confidence in the company’s leadership. While the earnings per share (EPS) is ₹1.15, and the debt-to-equity ratio is at a commendable 0, indicating a healthy financial profile. In conclusion, potential investors should carefully consider these factors while evaluating the IBL Finance Limited IPO, with an IPO price of ₹51 per share and a lot size of 2000 shares.

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