IBL Finance Limited IPO : Company Information

IBL Finance Limited IPO is set to launch on 9 January, 2023. The company initiated its business operations in the year 2017. It is a fintech company that aims to provide lending in an easier way through data science and technology. It provides an instant loan of 50000 Rs in 3 minutes after online verification. A total of 163282 loans have been given till date amounting to approximately 7105 Lakh Rs. The company’s personal loan application had over 381156 logins in 2023 with a total of 27969 online users. Its presence is there in7 cities across Maharashtra and Gujarat. 

IBL Finance Limited IPO DETAILS

IBL Finance Limited IPO is set to launch on 9 January, 2023. The subscription timeline extends till 11 January, 2023. The size for the IPO is 33.41 Crore Rs. Shares issued through fresh issue mode are worth 33.41 Crore Rs. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 51 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of IBL Finance Limited IPO

IPO OPENING DATE	9 January, 2023
CLOSING DATE FOR IPO	11 January, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	51 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	33.41 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	33.41 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	16 January, 2023

IBL Finance Limited IPO : IMPORTANT DATES

IPO OPENING DATE	9 January, 2023
CLOSING DATE FOR IPO	11 January, 2023
IPO ALLOTMENT DATE	12 January, 2023
REFUNDS	15 January, 2023
DEMAT A/C CREDITED ON	15 January, 2023
IPO LISTING DATE	16 January, 2023

Siyaram Recycling Industries Limited IPO begins for subscription from 9 January, 2023. The IPO subscription would continue till 11 January, 2023. The allotment status for the shareholders who applied would come on 12 January, 2023. The refunds for the ones who did not get allotment would be initiated on 15 January, 2023. The DEMAT accounts of shareholders would be credited on 15 January, 2023. The listing of the company would be completed on 16 January, 2023.

IBL Finance Limited IPO : Lead Managers

The lead managers are :

• Fedex Securities Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 102000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 204000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	102000 Rs.
Maximum	4000 shares	204000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	339	1022	2218
Revenue	112	327	1333
PAT	(-9.88)	42	192

IBL Finance Limited had an asset base of 339 Lakh Rs in 2021 which increased to 1022 Lakh Rs in 2022. The asset base of the company was 2218 Lakh Rs in 2023. The revenue of the firm was 112 Lakh Rs in 2021. This jumped to 327 Lakh Rs in 2022. The revenue of the company increased by more than 4 times to 1333 Lakh Rs in 2023. The company suffered a loss of 9.88 Lakh Rs in 2021. However in 2022 the profit of the company was around 42 Lakh Rs. In the year 2023 the profit of the company jumped to 192 Lakh Rs.

PROS

• It provides an instant loan of 50000 Rs in 3 minutes after online verification.
• A total of 163282 loans have been given till date amounting to approximately 7105 Lakh Rs.
• The company’s personal loan application had over 381156 logins in 2023 with a total of 27969 online users.
• Its presence is there in7 cities across Maharashtra and Gujarat.

CONS

• The company works in a highly competitive segment.

IBL Finance Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the IBL Finance Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.