IBL Finance Limited
IBL Finance Limited is a financial services platform that eases financing through the use of data science and technology. This fintech-based company was incorporated in August 2017. Through the digital process, a smartphone app, IBL Finance, offers instant personal loans up to Rs. 50,000. The maximum time is 3 minutes for approving the loan.
IBL Finance limited has disbursed 1,63,282 personal loans, till March 31, 2023. There are 381,156 people logged into the IBL Instant Personal Loan app in 2023. Every month, around 27,000 people are active users of this app.
The company has seven branches in different cities, including Maharashtra and Gujarat, as of August 2023.
Purpose of an IPO
- Common corporate expenses
- Increasing the company’s Tier-I capital base to satisfy company’s capital needs
IBL Finance Limited Financial Information (Amount in lakhs)
|
Period Ended |
31 Mar 2023 |
31 Mar 2022 |
|
Assets |
2,218.11 |
1,022.85 |
|
Revenue |
1,333.13 |
327.08 |
|
Net worth |
2,048.74 |
355.47 |
|
Total Borrowing |
9.12 |
640.58 |
|
Reserves And Surplus |
351.27 |
29.47 |
IPO Details
|
Opening IPO date |
January 9, 2024 |
|
Closing IP date |
January 11, 2023 |
|
Listing Date |
– |
|
Face value |
Rs. 10 per share |
|
Price |
Rs. 51 per share |
|
Total Issue size |
6,550,000 shares |
|
Fresh Issue |
6.550.000 shares |
|
Listing at |
NSE SME |
