IBL Finance IPO Details

IBL Finance Limited is a fintech-based financial services platform.

Company Overview

Founded: August 2017 Business: They focus on making lending easier and faster through a mobile app, offering instant personal loans up to ₹50,000 with a completely digital process. 

IBL Finance Limited

IPO Details

Opening Date: 09 Jan 2024 Closing Date: 11 Jan 2024 Allotment Date: 12 Jan 24 Listing Date: 16 Jan 2024 Issue Price: ₹51 per share Lot Size: Min 2000 share Min Investment for Retail Investors: ₹102,000 Total Issue Size: 6,550,000 shares, aggregating up to ₹33.41 Crore

Financial Performance

Profit and Revenue: Significant revenue growth and profit increase in the financial year ending March 31, 2023 Total Revenue: ₹1,333.13 Lakhs in FY 2023 Profit After Tax: ₹192.83 Lakhs in FY 2023

Utilization of IPO Proceed

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

Core Strength

Customer Engagement: A mobile-first approach for better customer engagement and experience Technology: Use of data science and machine learning for risk management Management Team: Stable and experienced management team

Financial Indicator

ROE :                           9.41% ROCE :                        18.88% Debt/ Equity :             0 RoNW :                        9.41%