IBL Finance Limited
ListedSMEFinancial Services · NSE
Incorporated in August 2017, IBL Finance Limited is a fintech-based financial services platform that leverages technology and data science to streamline the lending process. Through its mobile app, the company offers instant personal loans of up to ₹50,000, with approvals possible in under three minutes via a fully digital process. As of March 31, 2023, IBL Finance has disbursed 1,63,282 personal loans totaling ₹7,105.44 lakhs, with its app recording 381,156 logins in 2023 and an average of 27,969 monthly active users. The company operates seven branches across major cities in Gujarat and Maharashtra and utilizes advanced underwriting algorithms analyzing over 500 data points to generate credit reports. As of June 30, 2023, IBL Finance employs 81 full-time employees.
Price Band
₹51
Issue Size
₹33.41 Cr
Lot Size
2000 shares
GMP
₹4
+7.8%
Est. Listing
₹55
at current GMP
Subscribed
17.04x
overall
Open
9 Jan 2024
Close
11 Jan 2024
Allotment
12 Jan 2024
Refund
13 Jan 2024
Demat Credit
14 Jan 2024
Listing
16 Jan 2024
Last updated 12 days ago
Official Registrar Verification
IBL Finance Limited Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
12 Jan 2024
Basis finalization
Refunds Initiate
13 Jan 2024
Mandate release
Demat Credit
14 Jan 2024
Shares in demat
Listing Debut
16 Jan 2024
Trading begins
How to Check IBL Finance Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select IBL Finance Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About IBL Finance Limited Public Issue & Market Profile
IBL Finance Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹33.41 Crores. The shares are offered at a price band of ₹51 to ₹51 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-01-11, the basis of allotment is scheduled to be finalized on 2024-01-12. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.