Ibl Finance Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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IBL Finance

CMP

53.00

-0.45 (-0.84%)

  • DRHP
₹51

Offer Price

₹ 33.41 Cr

Issue Size

₹ 1,02,000

Min Investment

2,000

Lot size

Time Line

  • 09
    Jan 2024
    Open
  • 11
    Jan 2024
    Close
  • 12
    Jan 2024
    Finalisation of Basis of Allotment
  • 15
    Jan 2024
    Initiation of Refunds
  • 15
    Jan 2024
    Transfer of Shares to Demat Account
  • 16
    Jan 2024
    Listing Date

Objects of the Offer

  • Grow existing lines of business by further enhancing its capabilities.

  • Continued investment in technology and data science capabilities.

  • Deepen, strengthen, and expand geographical Presence.

  • Enhance its Brand Recall to Attract New Customers.

  • Leverage its Network, Domain Expertise and Data to Enhance Product Offering.

Products & Services

  • Fintech based financial services platform.

Strengths

  • Mobile first approach driving better customer engagement and experience.

  • Risk management, data science and machine learning leveraged operating model.

  • Stable and relatively experienced management team.

  • Improved financial performance.

Risks

  • The Company Directors, Promoters and group companies are subject to certain legal proceedings and any adverse decision in such proceedings may affect its business, financial condition and results of operations.

  • The company financial performance is particularly vulnerable to interest rate volatility. If its are unable to manage interest rate risk in the future it could have an adverse effect on the company net interest margin, thereby adversely affecting business and financial condition of the Company.

  • The company technology-driven underwriting, risk management and collection processes may not be able to effectively identify, monitor or mitigate the risks in the company lending operations.

  • The company software and data centres for its primary and backup data storage may experience system downtime, prolonged power outages or shortages.

  • Its business processes a large amount of data, including personal data, and the improper collection, hosting, use or disclosure of data could harm our reputation and have an adverse effect on its business, financial condition, results of operations and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
15.27%
Pre Holding

57.65%

Post Holding

42.38%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 3.27 (189.40%) 13.33 (307.70%) 9.41 (-)
Gross Profit 3.27 (189.40%) 13.33 (307.70%) 9.41 (-)
Net Income 3.27 (189.40%) 13.33 (307.70%) 9.41 (-)
Assets 3.27 (189.40%) 13.33 (307.70%) 9.41 (-)
Liabilities 3.27 (189.40%) 13.33 (307.70%) 9.41 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
IBL Finance Ltd 13.33 1.93 20.72 0.23 9.41 0.00 22.54 15.01 0.00
MAS Financial Services Ltd 987.83 203.26 8,013.76 8,013.76 13.38 37.18 282.58 2.53 4.04
Arman Financial Services Ltd 423.90 93.81 2,038.16 2,038.16 31.07 110.47 355.45 4.60 5.32
Apollo Finvest (India) Ltd 44.38 10.08 73.56 73.56 19.37 27.01 139.36 13.69 0.22
CSL Finance Ltd 117.24 45.63 778.74 778.74 12.58 22.02 179.12 5.85 1.13
Ugro Capital Ltd 656.45 39.78 4,305.59 4,305.59 4.04 5.69 141.95 0.92 3.20

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

# 151 Silver Stone Arcade,
Singapore Causeway Rd Katargam,
Surat - 395004
Phone : 98281 16900 Email : compliance@iblfinance.in www.iblfinance.in

Offer Related Information

Initial public issue* of 65,50,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of IBL Finance Limited ("The Company" or the "Issuer") for cash at a price of Rs. 51/-per equity share (the "Issue Price"), (including a premium of Rs. 41/-per equity share), aggregating Rs. 33.41 crores ("The Issue"), of which 3,30,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 51/- each aggregating Rs. 1.68 crores will be reserved for subscription by market maker to... More

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