IBL Finance IPO

IBL Finance Limited

₹1,02,000 /2000 sharesMinimum Investment

IBL Finance IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Jan ‘24 - 11 Jan ‘24₹1,02,0002,000₹51 - ₹51
Issue SizeIPO Doc
34.30Cr
RHP PDF

About IBL Finance

IBL Finance Ltd is a fintech-based financial services platform offering almost entirely digital personal loans of up to Rs. 50,000 with tenors of up to 12 months through a digital mobile app-only process. The company was initially established as a private entity under "IBL Finance Private Limited" on August 3, 2017. It commenced its lending operations in the financial year ending March 31, 2019, catering to self-employed professionals and small business entrepreneurs and later transitioned to a fintech-based financial services platform in the year 2020. The company now employs technology and data science for quick and easy lending. The company’s mobile app is called "IBL: Instant Personal Loan." The app aims to address various use cases, including planned personal expenses, emergency medical needs, and short-term business requirements. The company’s app had 381,156 logins in 2023 and on average, the app sees 27,969 active users every month. IBL Finance segments its customers based on factors like yield, risk, ticket size, and acquisition cost. This method, along with regular customer research and advanced data analytics, allows the company to offer customized products. As of August 2023, the company had 7 branches in major cities of Gujarat and Maharashtra.;
Founded in
2017
Managing director
Mr. Manish Patel
Parent organisation
IBL Finance Limited

Strengths & Financials of IBL Finance

Strengths
Risks
IBL Finance Limited prioritizes credit quality and pricing, for which it relies on an underwriting platform that examines over 500 data points through artificial intelligence and machine learning. As of March 31, 2023, over 91% of the company’s personal loan customers possessed Equifax credit scores above 700.
Since its launch on March 31, 2023, the company has disbursed 163,282 personal loans totaling Rs. 71.05 crores. As of March 31, 2023, the personal loan business had an AUM of Rs. 14.61 crores, with 122,078 loans disbursed amounting to Rs. 52.35 crores, featuring an average ticket size of approximately Rs. 4,500 and an average loan tenor of 5 months.
With its mobile-first, app-only model, IBL Finance ensures a direct and efficient approach to serving digitally connected Indians. The "IBL: Instant Personal Loan" app has a paperless and fully digital process, with approval for instant personal loans in under 5 minutes.
Their cohort-based collections model efficiently manages outstanding dues through digital reminders, tele-calling, and on-ground collection strategies. Back-end analytics and payment behavior scorecards guide the allocation of delinquent loans to maximize overall debt management efficiencies.

IBL Finance Financials

*All values are in Rs. Cr
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Application Details of IBL Finance IPO

Apply asPrice bandApply upto
Regular51 - 51₹2 Lakh
High Networth Individual51 - 51₹2 - 5 Lakh
For IBL Finance IPO, eligible investors can apply as Regular.
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