IBL Finance SME IPO: Check Out Issue Size, Face Value, Financials & More

IBL Finance‘s public issue commenced on January 9, 2024, and is scheduled to conclude on January 11, 2024. The IPO comprises solely a fresh issue of over 65.5 lakh shares valued at Rs 33.41 crore. The company has fixed the issue price at Rs 51 per share, considering a face value of Rs 10. Interested investors have the option to bid for a minimum of 2,000 equity shares and in multiples of 45 shares thereafter.

About the company

IBL Finance is a modern fintech-driven financial services platform that harnesses technology and data science to streamline lending processes, making them swift and convenient. Their approach revolves around leveraging technology and data science to ensure lending is quick, straightforward, and hassle-free. As a prominent mobile app, IBL Finance facilitates instant personal loans exclusively through a fully digital process, offering a seamless experience to its users.

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Price Band

The company has set the issue price at Rs 51 per share, having a face value of Rs 10. Investors have the option to bid for a minimum of 2,000 equity shares and in increments of 45 shares thereafter.

Company Financials

In FY23, the company recorded a net profit of Rs 1.92 crore, coupled with a revenue of Rs 13.33 crore. The Profit After Tax (PAT) margin saw an increase from 13.06% in FY22 to 14.49% in FY23. Additionally, the gross Non-Performing Assets (NPA) for FY23 amounted to Rs 75.77 lakhs, while the Assets Under Management (AUM) stood at Rs 14.61 crore.

Objectives of the Issue

The company intends to utilize the net proceeds to increase the Tier-I capital base. This allocation aims to address forthcoming capital needs arising from business growth, asset development, and general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.