IBL Finance IPO

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.;