IBL Finance IPO allotment status is set to be finalized today (Friday, January 12), following the completion of the subscription period. The IPO received positive response from investors, with the subscription status reaching 17.95 times on the third day.
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Checking Allotment Status on Registrar’s Website:
Follow these steps to check the IBL Finance IPO allotment status
- Visit the registrar’s website.
- In the “Select IPO” dropdown menu, choose “IBL Finance.”
- Select one of the three options to check the status: Application No, Demat Account, or PAN.
- Enter the details as per the option selected.
- Input the provided Captcha and click Submit.
If all the details are entered correctly and the allotment has been finalised, the IBL Finance IPO allotment status will be visible.
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IBL Finance IPO Overview: The breakdown of subscription status indicates significant interest from retail investors, whose portion was subscribed 24.03 times, and non-institutional buyers, whose portion was subscribed 11.13 times.
IBL Finance IPO, valued at ₹33.41 crore, is exclusively a fresh issue of 6,550,000 equity shares, with no Offer for Sale (OFS) component. The net proceeds from the offering are intended for general corporate purposes and for expanding the Tier-I capital base to support anticipated future capital needs arising from asset and business growth.
For the IBL Finance IPO, the minimum lot size for an application was set at 2000 shares. Retail investors were required to make a minimum investment of ₹102,000, considering the lot size. High Net Worth Individuals (HNI) have a minimum lot size investment of 2 lots, totalling 4000 shares, with an amount of ₹204,000.
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IBL Finance Limited, incorporated in August 2017, is a fintech-based financial services platform that utilizes technology and data science to simplify and expedite the lending process. The company’s mobile app, IBL Finance, provides instant personal loans of up to ₹50,000 through a fully digital process.
As of March 31, 2023, IBL Finance has disbursed 1,63,282 personal loans, amounting to ₹7,105.44 lakhs. In the year 2023 alone, the IBL Instant Personal Loan app recorded 381,156 logins, with an average of 27,969 active users on the app each month.
