Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that uses technology and data science to make lending easier and faster. IBL Finance is a mobile app that offers instant personal loans up to ₹50,000 through a completely digital process. Loans can be approved in as fast as under 3 minutes.

As of March 31, 2023 the company has disbursed 1,63,282 personal loans amounting to ₹ 7,105.44 lakhs. In 2023, the IBL Instant Personal Loan app had 381,156 logins. On average, 27,969 users were active on the app every month.

As of August 2023, the company has 7 branches in major cities of Gujarat and Maharashtra.

The company’s advanced underwriting algorithms use data from many sources to generate a credit report with over 500 data points. Keeping the language simple and concise to ensure the customers can easily understand the information the company provides.

As of June 30, 2023, the company employs 81 full time employees.

IBL Finance IPO Details

IPO Date January 9, 2024 to January 11, 2024
Listing Date [.]
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Total Issue Size 6,725,000 shares
(aggregating up to ₹34.30 Cr)
Fresh Issue 6,725,000 shares
(aggregating up to ₹34.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue 18,180,650
Share holding post issue 24,905,650


IBL Finance IPO Reservation

Investor Category Shares Offered
Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue


IBL Finance IPO Timeline (Tentative Schedule)

IBL Finance IPO opens on January 9, 2024, and closes on January 11, 2024.

IPO Open Date Tuesday, January 9, 2024
IPO Close Date Thursday, January 11, 2024
Basis of Allotment Friday, January 12, 2024
Initiation of Refunds Monday, January 15, 2024
Credit of Shares to Demat Monday, January 15, 2024
Listing Date Tuesday, January 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 11, 2024


IBL Finance IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000
HNI (Min) 2 4,000 ₹204,000


IBL Finance IPO Promoter Holding

The Promoters of the company are Manish Patel, Piyush Patel and Mansukhbhai Patel.

Share Holding Pre Issue 85.55%
Share Holding Post Issue


IBL Finance Limited Financial Information (Restated)

IBL Finance Limited’s revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 2,218.11 1,022.85 339.10
Revenue 1,333.13 327.08 112.59
Profit After Tax 192.83 42.73 -9.88
Net Worth 2,048.74 355.47 312.73
Reserves and Surplus 1,139.71 29.47 -13.27
Total Borrowing 9.12 640.58
Amount in ₹ Lakhs


Key Performance Indicator

KPI Values
ROE 9.41%
ROCE 18.88%
Debt/Equity 0
EPS (Rs) 1.15
RoNW 9.41%

Objects of the Issue (IBL Finance IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

  1. 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
  2. General corporate purposes.