
IBL Finance Limited
listed
₹1.02LMin. investment
About IBL Finance Limited
Issue size
₹33.41Cr
IPO type
SME
Price range
₹51.00 – ₹51.00
Lot size
2000 shares
RHP/DRHP
Read
Price range₹51.00 – ₹51.00
IPO type
SME
Lot size2000 shares
Issue size₹33.41Cr
RHP/DRHP
Read
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About IBL Finance Limited
IBL Finance Ltd was Incorporated in August 2017, capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalisation of the tariff structure, and the digitization of tax filing. In the medium run, increased capital spending on infrastructure and asset-building projects is set to increase growth multipliers, and with the revival in monsoon and the Kharif sowing, agriculture is also picking up momentum. The contact-based services sector has largely demonstrated promise to boost growth by unleashing the pent-up demand over the period of April-September 2022. The sector's success is being captured by a number of HFIs (High-Frequency Indicators) that are performing well, indicating the beginnings of a comeback. India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships.
The Company believes that their digital lending process is the key differentiators driving business growth. Tthey believe that the process of downloading the IBL: Instant Personal Loan App, completing the entire loan application and receiving the approval in under 5 minutes and disbursement of the proceeds of the loan in their bank account is within 24 hours. Their personal loans are repaid on an equal monthly installment basis (“EMI”) over the tenure of the loan.
IBL Finance Limited adopted an innovative cohort-based approach that segments customers based on a variety of factors including yield, risk, ticket size, and acquisition cost to identify low risk and profitable cohorts. This approach is supplemented with regular customer research and sophisticated data analytics for us to provide tailored products to our customers. We believe that profiling and pricing each borrower is a major driver in creating a profitable lending business.
As IBL Finance Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
- Augmenting our Company’s Tier – I capital base to meet our Company’s future capital requirements, arising out of the growth of our business and asset; and
- General corporate purposes
Here are key details about the IBL Finance Limited IPO:
Company Name | IBL Finance Limited Limited | Company Type | Public | |
---|---|---|---|---|
Company Incorporated On | 2017 |
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of IBL Finance Limited ?
The issue size of the IBL Finance Limited is 33.4099999 Cr.
What is 'pre-apply' for IBL Finance Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will IBL Finance Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts9 Jan 2024
- Bidding ends11 Jan 2024
- Allotment finalisation11 Jan 2024
- Release of funds15 Jan 2024
- Demat transfer12 Jan 2024
- Listing16 Jan 2024