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IBL Finance IPO
Price Band
₹
Issue Size
₹33.41 Cr
Lot Size
2,000 shares
Min Investment
₹102,000
GMP
+₹4.0 (7.84%)
Issue Price
₹51.0
Subject to Sauda
₹6100
Paid only if allotted
IBL Finance IPO AI Summary
- IBL Finance IPO is listed on NSE SME in the Non Banking Financial Company (NBFC) sector.
- Subscription window: 09 Jan–11 Jan 2024, listing on 16 Jan 2024.
- Current GMP is +₹4.0 (7.84%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
IBL Finance IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Jan 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
IBL Finance IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+7.84%
Est. Listing
₹55.0
Updated: 25 Jul 2026 14:07
About the Company
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.
Company Financials (₹ Cr)
As of 2023-07-31
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 23.18 | 22.18 | 10.23 | 3.39 |
| Total Income | 4.93 | 13.33 | 3.27 | 1.13 |
| Profit After Tax | 1.21 | 1.93 | 0.43 | -0.10 |
| NET Worth | 21.69 | 20.49 | 3.55 | 3.13 |
| Reserves and Surplus | 3.51 | 11.40 | 0.29 | -0.13 |
| Total Borrowing | 0.08 | 0.09 | 6.41 |
Key Ratios
EPS
₹1.06
NAV
₹12.20
ROE
9.41%
ROCE
18.88%
RoNW
9.41%
P/B Value
4.18
P/E Ratio
48.08
Market Cap
₹126.13 Cr
PAT Margin
14.49%
Debt/Equity
0.00
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ugro Capital Limited | 106.46 | 4.04% | 48.16 | 5.69 | 5.66 |
| CSL Finance Limited | 174.85 | 12.59% | 21.12 | 22.02 | 21.4 |
| Apollo Finvest (India) Limited | 112.26 | 24.06% | 29.58 | 27.01 | 27.01 |
| Arman Financial Service Limited | 430.61 | 25.65% | 23.64 | 110.47 | 107.28 |
| MAS Financial Services Limited | 277.83 | 13.55% | 23.43 | 37.18 | 37.18 |
| IBL Finance Limited This IPO | 12.2 | 9.41% | 44.34 | 1.15 | 1.15 |
Promoters
Manish Patel, Piyush Patel and Mansukhbhai Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Augmenting our Company’s Tier – I capital base to meet the Company’s future capital requirements, arising out of the growth of the business and asset 23.97 2 General corporate purposes 7.68
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹3.27 Cr in the year ending 31 Mar 2022, rising to ₹13.33 Cr by 31 Mar 2023. However, by 31 Jul 2023, total income decreased to ₹4.93 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.43 Cr in the year ending 31 Mar 2022, increasing to ₹1.93 Cr by 31 Mar 2023. By 31 Jul 2023, profit after tax was ₹1.21 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
IBL Finance Limited has an implied P/E ratio of 44.34 at the issue price. This is priced at roughly 44.34 trailing earnings, versus peers trading at a P/E range of 21.12 to 48.16.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much a stock might list above its issue price. It reflects the demand for the stock before it officially starts trading on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can be more volatile and carry higher risks.
IPO Timeline, Explained
The IPO opens for subscription on January 9, 2024, and closes on January 11, 2024. Allotment of shares will be done on January 12, 2024, with the listing date set for January 16, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential gains, various market factors can influence the actual listing price, and investors should be prepared for the possibility of price fluctuations.
This evaluation is generated from IBL Finance's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is IBL Finance IPO GMP today?
IBL Finance IPO GMP today is +₹4.0 (7.84%). GMP is an unofficial grey-market indicator and can change daily.
When does IBL Finance IPO open and close?
IBL Finance IPO opens on 09 January 2024 and closes on 11 January 2024.
When does IBL Finance IPO list on the stock exchange?
IBL Finance IPO listed on 16 January 2024 at ₹55.0.
What is the lot size for IBL Finance IPO?
The lot size for IBL Finance IPO is 2000 shares, requiring a minimum investment of ₹102,000.
What is the issue price of IBL Finance's IPO?
The issue price is ₹51.0.
What is the minimum investment required?
The minimum investment required is ₹102,000.
What is the lot size for this IPO?
The lot size is 2000 shares.
When does the IPO open and close?
The IPO opens on January 9, 2024, and closes on January 11, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium or discount at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Jan 2024
Close
11 Jan 2024
Allotment
12 Jan 2024
Listing
16 Jan 2024
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