What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of IBL Finance Limited IPO?

IBL Finance Limited IPO has received a total subscription of 17.04 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

IBL Finance Limited

ListedSME

Financial 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

17.04x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

10.05x

High Net-Worth

Retail (RII)

24.03x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 17.04x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	3,110,000	31,270,000	10.05x
RETAIL	3,110,000	74,726,000	24.03x
Total	6,220,000	105,996,000	17.04x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 23.54x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,146	27,538	24.03x
HNIs (10L +)	7	70	10.05x
HNIs (2-10L)	35	352	10.05x
Total Applications	1,188	27,960	23.54x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is IBL Finance Limited IPO GMP today?

The latest Grey Market Premium (GMP) for IBL Finance Limited IPO is ₹4 per equity share. Based on the upper price band of ₹51 to ₹51 per equity share, the estimated listing price is ₹55 (+7.8% expected listing gain).

What is the expected profit per lot for IBL Finance Limited IPO?

With a lot size of 2000 shares and current GMP of ₹4, the expected profit per application lot is approx ₹8,000 (+7.8% gain). Minimum application cost is approx ₹1,02,000.

What is the issue size and price band for IBL Finance Limited IPO?

The IBL Finance Limited IPO aggregate issue size is ₹33.41 Crores with an equity price band set at ₹51 to ₹51 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,02,000.

How can I check IBL Finance Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 17.04x (Retail: 24.03x, QIB: 0.00x, NII: 10.05x). You can track live multiples directly on our dedicated subscription page.

Where and when will IBL Finance Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-01-12. Investors can verify status using PAN card or application number.

When is the listing date for IBL Finance Limited IPO?

IBL Finance Limited shares are scheduled to list on NSE on 2024-01-16.