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IPO

IPO Details


IBL Finance Ltd
Registered Office: # 151 Silver Stone Arcade, Singapore Causeway Rd Katargam, Surat - 395004, Gujarat
Phone: 98281 16900
Email: compliance@iblfinance.in
Website: www.iblfinance.in
Initial public issue* of 65,50,000 equity shares of face value of Rs. 10/- each (Equity Shares) of IBL Finance Limited (The Company or the Issuer) for cash at a price of Rs. 51/-per equity share (the Issue Price), (including a premium of Rs. 41/-per equity share), aggregating Rs. 33.41 crores (The Issue), of which 3,30,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 51/- each aggregating Rs. 1.68 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 62,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 31.72 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.49 % and 25.15 % respectively of the post issue paid up equity share capital of the company. *Subject to finalisation of basis of allotment The face value of the equity shares is Rs. 10/- each and the issue price is 5.1 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
09-Jan-2024 11-Jan-2024 ₹ 51.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 31.66 Fedex Securities Pvt Ltd
Project Financed through Current Offer 33.41
Post Issue Equity Share Capital 24.73
Issue Price ₹51.00
Projects
Augmenting the company's Tier I capital base to meet its company's future capital requirements arising out of the growth of its business and asset
General corporate purposes
Promoted By
Manish Patel
Piyush Patel
Mansukhbhai Patel
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)