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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Augmenting the company's Tier-I capital base to meet the company's future capital requirements, arising out of the growth of the business and asset; and | — |
| General corporate purposes. | — |
| Metric | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 2,318 | 2,218 | 1,023 |
| Revenue | 493 | 1,333 | 327 |
| PAT | 121 | 193 | 43 |
| Net Worth | 2,169 | 2,049 | 355 |
| Reserves | 351 | 1,140 | 29 |
| Total Borrowing | 8 | 9 | 641 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 3,110,000 (47%) | — |
| Retail (RII) | — | 3,110,000 (47%) | — |
| Market Maker | — | 330,000 (5%) | — |
| Total | — | 6,550,000 (100%) | — |
* Amount calculated at upper price band (₹51) · ** Total includes all investor categories
- 1 Initiation of Refund 15 Jan 2025
- 2 Credit of Shares to Demat 15 Jan 2024
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 35x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹1 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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