IBL Finance IPO GMP, Details, Date, Price, Allotment 2023

IBL Finance  IPO description – IBL Finance   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on January 09, 2024

 

 

IBL Finance IPO – Details

 

IPO Open Date 09 January 2024
IPO Close Date 11 January 2024
Issue Type Fixed Price Issue IPO
Issue Size 67,25,000 Shares Worth ₹34.30 Crore

Fresh Issue: 67,25,000 Shares Worth ₹34.30 Crore

Face Value ₹10 per equity share
IPO Price ₹51
Market Lot 2000 Shares
Minimum Order 2000 Shares (1 Lot)
Listing At NSE SME
Register Link Intime India Private Ltd
Retail Shares Offered 50%
Other Shares Offered 50%

 

 

IBL Finance IPO – Date Schedule

 

IPO Opening Date 09 January 2024
IPO Closing Date 11 January 2024
Finalization of Basis of Allotment 12 January 2024
Refunds Initiation 15 January 2024
Transfer of shares to demat accounts 15 January 2024
Listing Date of IPO 16 January 2024

 

IBL Finance IPO GMP, Details, Date, Price, Allotment 2023
IBL Finance IPO GMP, Details, Date, Price, Allotment 2023

 

 

IBL Finance IPO – About Company 

 

IBL Finance Limited is a fintech-driven financial services platform utilizing technology and data science to streamline and expedite lending processes. The IBL Finance mobile app facilitates quick and easy access to instant personal loans up to ₹50,000, with approval times as fast as under 3 minutes.

As of March 31, 2023, the company has successfully disbursed 163,282 personal loans, totaling ₹7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app recorded 381,156 logins, with an average monthly user activity of 27,969.

By August 2023, IBL Finance has established 7 branches in key cities across Gujarat and Maharashtra.

The company employs advanced underwriting algorithms that analyze data from diverse sources, generating a comprehensive credit report with over 500 data points. The company prioritizes simplicity and conciseness in its communication to ensure customers easily comprehend the information provided.

As of June 30, 2023, IBL Finance has a dedicated team of 81 full-time employees.

 

IBL Finance IPO – Industry Overview 

 

As of January 2023, AUM managed by the mutual funds industry stood at Rs. 39.62 trillion (US$ 478.08 billion). Inflow in India’s mutual fund schemes via systematic investment plan (SIP) stood at Rs. 1.5 lakh crore (US$ 18.09 billion). Equity mutual funds registered a net inflow of Rs. 22.16 trillion (US$ 294.15 billion) by end of December 2021. The net inflows were US$ 888 million (Rs 7,303.39 crore) in December as compared to a 21-month low of US$ 274.8 million (Rs 2,258.35 crore) in November 2022. 

Another crucial component of India’s financial industry is the insurance industry. The insurance industry has been expanding at a fast pace. The total first-year premium of life insurance companies reached US$ 32.04 billion in FY23. In FY23 (until December 2022) non-life insurance sector premiums reached at Rs. 1.87 lakh crore (US$ 22.5 billion). Furthermore, India’s leading bourse, Bombay Stock Exchange (BSE), will set up a joint venture with Ebix Inc to build a robust insurance distribution network in the country through a new distribution exchange platform. In FY23, US$ 7.17 billion was raised across 40 initial public offerings (IPOs). The number of companies listed on the NSE increased from 135 in 1995 to 2,113 by FY23 (till December 2022).

India’s financial services industry has experienced huge growth in the past few years. This momentum is expected to continue. India is expected to have 6.11 lakh HNWIs by 2025. This will indeed lead India to be the fourth largest private wealth market globally by 2028. India’s insurance market is also expected to reach US$ 250 billion by 2025. This will further offer India an opportunity of US$ 78 billion of additional life insurance premiums from 2020- 30. 

 

 

IBL Finance IPO – Financial Performance

 

FY 2022 FY 2023 5M FY 2024
Revenue 327.08 1,330.52 492.57
Expenses 270.55 1,058.61 343.12
Net income 42.73 192.83 120.60

Figures in INR Lakhs

 

IBL Finance IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (0.07) 0.29 1.15
PE ratio 44.35
RONW (%) (3.16) 12.02 9.41
NAV 2.13 2.42 12.20
ROCE (%) (3.01) 6.32 18.88
EBITDA (%) (2.17) 21.42 30.04
Debt/Equity 0.00 1.80 0.00

 

IBL Finance IPO – Prospectus

 

 

IBL Finance IPO – Competitive Strengths

 

  • Mobile first approach driving better customer engagement and experience.
  • Risk management, data science and machine learning leveraged operating model. 
  • Stable and experienced management team.
  • Strong financial performance.

 

IBL Finance IPO – Object Of The Issue

 

  • 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; and
  • General Corporate Purpose.

 

IBL Finance IPO GMP Today

 

Date Day-wise IPO GMP Kostak Subject to Sauda
Coming soon

 

IBL Finance IPO – Allotment Status

IBL Finance IPO allotment status will be available on the Bigshare Services website. Click on this link to get allotment status.

IBL Finance IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 2000 1,02,000
Retail (Max) 1 2000 1,02,000
HNI (Min) 2 4000 2,04,000

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

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