IBL Finance Limited

About the company

## **About  IBL Finance Limited** IBL Finance Ltd was Incorporated in August 2017, capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalisation of the tariff structure, and the digitization of tax filing. In the medium run, increased capital spending on infrastructure and asset-building projects is set to increase growth multipliers, and with the revival in monsoon and the Kharif sowing, agriculture is also picking up momentum. The contact-based services sector has largely demonstrated promise to boost growth by unleashing the pent-up demand over the period of April-September 2022. The sector's success is being captured by a number of HFIs (High-Frequency Indicators) that are performing well, indicating the beginnings of a comeback. India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. The Company believes that their digital lending process is the key differentiators driving business growth. Tthey believe that the process of downloading the IBL: Instant Personal Loan App, completing the entire loan application and receiving the approval in under 5 minutes and disbursement of the proceeds of the loan in their bank account is within 24 hours. Their personal loans are repaid on an equal monthly installment basis (“EMI”) over the tenure of the loan. IBL Finance Limited adopted  an innovative cohort-based approach that segments customers based on a variety of factors including yield, risk, ticket size, and acquisition cost to identify low risk and profitable cohorts. This approach is supplemented with regular customer research and sophisticated data analytics for us to provide tailored products to our customers. We believe that profiling and pricing each borrower is a major driver in creating a profitable lending business. As IBL Finance Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Augmenting our Company’s Tier – I capital base to meet our Company’s future capital requirements, arising out of the growth of our business and asset; and 1. General corporate purposes    Here are key details about the IBL Finance Limited IPO: Company Name| **IBL Finance Limited Limited**|  | Company Type| **Public** ---|---|---|---|--- Company Incorporated On|**2017**|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   09 Jan 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   11 Jan 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   11 Jan 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   15 Jan 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   12 Jan 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   16 Jan 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.