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

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