IPO : IBL Finance Limited
IBL Finance Limited IPO
IBL Finance is a new-age with fintech based financial services platform that leverages technology and data-science to make lending quick and easy.
Thank you for reading this post, don't forget to subscribe!We use technology and data-science to make lending quick, simple and hassle-free. We believe traditional ways of lending can exclude those most in need because of outdated, rigid and often inefficient processes. At IBL Finance, we have simplified the lending process with a sharp focus on serving our borrowers’ unique needs and circumstances – offering our customers a truly superior borrowing experience.
| SYMBOL | IBLFL |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | Tuesday, January 9, 2024 |
| ISSUE CLOSES ON | Thursday, January 11, 2024 |
| ISSUE PRICE | ₹51 per share |
| ISSUE SIZE | Up to Rs.33.41 Crores |
| FACE VALUE | Rs.10 per share |
IBL Finance IPO is a fixed price issue of Rs 33.41 crores. The issue is entirely a fresh issue of 65.5 lakh shares.
IBL Finance IPO opens for subscription on January 9, 2024 and closes on January 11, 2024. The allotment for the IBL Finance IPO is expected to be finalized on Friday, January 12, 2024. IBL Finance IPO will list on NSE SME with tentative listing date fixed as Tuesday, January 16, 2024.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.102,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.102,000 |
| PROMOTER HOLDING | 62.89% (Post-issue) |
| LISTING DATE | Tuesday, January 16, 2024 |
| LISTING AT | NSE-SME |
IBL Finance IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹204,000.
Objects of the Issue (IBL Finance IPO Objectives)
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 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.
For Existing Clients : https://gudwil.in/IPO
Open an account : https://gudwil.in/smart
Further any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999
Warm Regards,
Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer