In a significant move within the financial landscape, IBL Finance Limited is set to launch its Initial Public Offering (IPO) with a fixed price issue of Rs 33.41 crores. The IPO, comprising an entirely fresh issue of 65.5 lakh shares.
IBL Finance IPO Subscription WindowThe IPO of IBL Finance opened for subscription today, on January 9, 2024, and it will conclude on January 11, 2024.
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IBL Finance IPO Allotment DateThe IPO of IBL Finance IPO is anticipated to be finalised on Friday, January 12, 2024.
IBL Finance IPO Price Band And Minimum InvestmentThe IPO is priced at Rs 51 per share, the minimum lot size for an application is 2000 shares, translating to a minimum investment of Rs 102,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 4,000 shares, with an investment amount of Rs 204,000.
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IBL Finance IPO GMPAs of the latest reports, the Grey Market Premium (GMP) for the IBL Finance IPO stands at flat.
IBL Finance IPO AboutIBL Finance was incorporated in August 2017, distinguishes itself as a fintech-driven financial services platform, leveraging technology and data science to streamline lending processes. Functioning as a mobile app, IBL Finance offers users the convenience of obtaining instant personal loans up to Rs 50,000 through an entirely digitalized framework.
Playing pivotal roles in the IPO are Fedex Securities Pvt Ltd, the book running lead manager, and Bigshare Services Pvt Ltd, serving as the registrar for the issue. The market maker for IBL Finance IPO is Market-Hub Stock Broking. The IPO is slated to make its debut on NSE SME with a tentative listing date fixed for Tuesday, January 16, 2024, marking a significant development in the intersection of finance and technology.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
