IBL Finance Limited

Company Profile
Company Name IBL Finance Limited
Open Date 09-01-2024
Close Date 11-01-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹51 per share
Issue Size 65,50,000 shares
Application Amount ₹ 1,02,000
Recommendation Avoid
IBL Finance Limited was incorporated in the year 2017 and has its registered office in Surat, Gujarat, India.The company is a technology-driven fintech company that leverages technology and data science to make lending quick and easy.The company commenced its lending business to self-employed professional and small business entrepreneurs during the financial 2019.The company later migrated to a fintech-based financial services platform. The company launched its personal loans business to fulfil the needs of the underserved Indian population.As of 02, January 2024, the Company had 82 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Jul-23
Total Assets 339.10 1,022.85 2,218.11 2,317.59
Net Assets 312.73 355.47 2,048.74 2,169.34
Total Borrowings - 640.58 9.12 7.51
Total Revenue 112.59 327.08 1,333.13 492.58
Profit After Tax -9.89 42.73 192.83 120.59

Tentative Timeline

Opening Date 09-01-2024
Closing Date 11-01-2024
Basis of Allotment 12-01-2024
Initiation of Refunds 15-01-2024
Credit of Shares to Demat 15-01-2024
Listing Date 16-01-2024

Objects of the Issue

Augmenting the company’s Tier 1 capital base to meet the company’s future capital requirements
General corporate purposes

Contact Information

Registered Office 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
Phone 9828116900
Email compliance@iblfinance.in
Website https://iblfinance.in/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue 85.55%
Share Holding Post Issue 62.89%

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