IBL Finance IPO: A Strategic Move in the Fintech Sector

In the rapidly evolving fintech landscape, IBL Finance Limited marks a significant milestone with its upcoming Initial Public Offering (IPO). This fixed-price issue, aggregating to ₹33.41 crores, is poised to make waves in the financial services industry.

Overview of the Offering

The IBL Finance IPO consists of a fresh issue of 65.5 lakh shares, opening for subscription on January 9, 2024, and closing on January 11, 2024. Investors can expect the allotment to be finalized by January 12, with a tentative listing on the NSE SME slated for January 16, 2024. The IPO is priced at ₹51 per share, with a minimum lot size of 2000 shares, translating to a minimum investment of ₹102,000 for retail investors and ₹204,000 for High Net-worth Individuals (HNIs), for 2 lots.

Behind the Scenes

The IPO is managed by Fedex Securities Pvt Ltd as the book running lead manager, with Bigshare Services Pvt Ltd as the registrar. Market-Hub Stock Broking plays the role of the market maker.

A Closer Look at IBL Finance Limited IPO

Established in August 2017, IBL Finance Limited leverages technology and data science to streamline the lending process. Its mobile app, providing instant personal loans up to ₹50,000, has revolutionized loan disbursement with approval times as short as under 3 minutes.

As of March 31, 2023, IBL Finance disbursed over 1.63 lakh personal loans, amounting to ₹7,105.44 lakhs. The app saw substantial engagement, with an average of 27,969 active users monthly. The company’s robust underwriting algorithms analyze over 500 data points, ensuring comprehensive credit reports.

Financial Health and Future Prospects

IBL Finance has demonstrated remarkable growth, with a 307.59% increase in revenue and a 351.28% rise in profit after tax between FY 2022 and FY 2023. This financial robustness, coupled with a debt-to-equity ratio of 0, positions the company strongly in the market.

IPO Objectives and Future Vision

The capital raised will bolster IBL Finance’s Tier-I capital base, supporting future business growth and asset expansion. Additionally, funds will be allocated for general corporate purposes, laying a foundation for long-term success.

Why This Matters

IBL Finance’s IPO is more than just a financial transaction; it represents a strategic expansion in a sector where technology and finance converge. By capitalizing on this opportunity, IBL Finance is not only scaling its operations but also contributing to the broader fintech ecosystem’s growth.

IPO Details Summary

IPO Opening DateJanuary 9, 2024
IPO Closing DateJanuary 11, 2024
Price Per Share₹51
Total Issue Size6,550,000 shares (₹33.41 Cr)
Listing AtNSE SME
Issue TypeFixed Price Issue IPO

IPO Timeline

IPO Open DateJanuary 9, 2024
IPO Close DateJanuary 11, 2024
Basis of AllotmentJanuary 12, 2024
Initiation of RefundsJanuary 15, 2024
Credit of Shares to DematJanuary 15, 2024
Listing DateJanuary 16, 2024

Investment Options for Investors

Investor TypeLot SizeSharesAmount
Retail (Min)1 Lot2,000₹102,000
Retail (Max)1 Lot2,000₹102,000
HNI (Min)2 Lots4,000₹204,000

Financial Performance Snapshot

Financial MetricsAs of July 31, 2023As of Mar 31, 2023As of Mar 31, 2022
Total Assets (₹Lakhs)2,317.602,218.111,022.85
Revenue (₹Lakhs)492.581,333.13327.08
Profit After Tax (₹Lakhs)120.60192.8342.73
Net Worth (₹Lakhs)2,169.342,048.74355.47

Shareholding Pattern

Shareholder TypePre-Issue HoldingPost-Issue Holding


With its innovative approach and strong financial footing, IBL Finance’s IPO is a noteworthy event for investors and industry observers alike. It highlights the dynamic nature of the fintech sector and the potential for technology-driven financial solutions to make a lasting impact.


What is the IBL Finance IPO?

The IBL Finance IPO is a fixed-price public offering from IBL Finance Limited, a fintech company. It involves the issue of 65.5 lakh shares, totaling ₹33.41 crores.

When will the IBL Finance IPO open and close for subscription?

The IPO opens on January 9, 2024, and closes on January 11, 2024.

How can I apply for the IBL Finance IPO?

Investors can apply through their brokerage accounts by selecting the number of lots they wish to subscribe to, within the given minimum and maximum limits.

Leave a Comment