IBL Finance Ltd Share Price – NSE

E-Commerce/App based Aggregator, Small Cap

IBL Finance will hold a meeting of the Board of Directors of the Company on 7 May 2024.

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IBL Finance will hold a meeting of the Board of Directors of the Company on 3 February 2024.

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The scrip was listed at Rs 56, a premium of 9.8% compared with the initial public offer (IPO) price. The stock was currently frozen in an upper limit of 5% over its listing price.

The counter hit a high of Rs 58.80 and a low of Rs 56. About 19.22 lakh shares of the company changed hands at the counter.

IBL Finance's IPO was subscribed 16.18 times. The issue opened for bidding on 9 January 2024 and it closed on 11 January 2024. The price of the IPO was fixed at Rs 51 per share.

The IPO comprised fresh issue of 65,50,000 shares. The promoter and promoter shareholding diluted to 62.89% from 85.55% pre-IPO.

The company intends to utilize the net proceeds for augmenting the company’s tier – I capital base to meet the company’s future capital requirements, arising out of the growth of its business and asset and general corporate purposes.

IBL Finance leverage technology and data-science to make lending quick and easy. The company through its a mobile App provides instant personal loans which is almost 100% digital process. The company launched personal loans business to fulfill the needs of the underserved Indian population. The company has total 82 employees.

The company recorded revenue from operations of Rs 4.92 crore and net profit of Rs 1.20 crore for the period as on 30 July 2023.

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